Otsego Real Estate Market Report: August 2026
In August 2026, the median sale price in Otsego was $470,000, up 1.8% from a year earlier.
- Median Sales Price
- $470,000
- +1.8% vs. August 2025
- Homes for Sale
- 123
- +0% vs. August 2025
- Months Supply
- 3.3
- -13.2% vs. August 2025
- Balanced market
- Days on Market
- 29
- -19.4% vs. August 2025
- Closed Sales
- 57
- +18.8% vs. August 2025
- Percent of Original List Received
- 98.2%
- -0.1 pts vs. August 2025
What this means
The median sale price has increased by 2% from last year to $470,000, and a similar trend in price per square foot suggests this is a real move in values rather than a change in the mix of homes selling.
Homes are selling 7 days more quickly than last year, averaging 29 days on market, and sellers are receiving 98.2% of their original asking price.
The area is currently a balanced market with 3.3 months of supply. Active inventory is holding steady at 123 homes for sale.
In a balanced market, neither side has a steep advantage, making careful pricing for sellers and steady negotiation for buyers the key to success.
Common questions about the Otsego market
Is Otsego a buyer's or seller's market?
Otsego was a balanced market in August 2026, with 3.3 months of supply. Under about 3 months generally favors sellers, 3 to 6 months is considered balanced, and over 6 months favors buyers. There were 123 homes for sale.
How fast are homes selling in Otsego?
Homes that sold in August 2026 spent an average of 29 days on market, 7 days faster than a year earlier. Sellers received 98.2% of their original list price on average.
Are home prices going up in Otsego?
Yes. The median sale price rose 1.8% year over year to $470,000. Price per square foot moved in the same direction (from $186 to $209), which suggests a real change in values rather than a shift in the mix of homes sold.
Market trends in Otsego
| Month | Median sale price | Closed sales | Days on market | Months supply |
|---|---|---|---|---|
| September 2024 | $364,950 | 30 | 43 | 3 |
| October 2024 | $400,000 | 32 | 37 | 2.5 |
| November 2024 | $394,950 | 30 | 56 | 3 |
| December 2024 | $379,900 | 21 | 48 | 2.5 |
| January 2025 | $440,000 | 17 | 47 | 2.5 |
| February 2025 | $415,000 | 20 | 55 | 2.8 |
| March 2025 | $426,995 | 34 | 62 | 3 |
| April 2025 | $442,450 | 44 | 62 | 3.5 |
| May 2025 | $440,500 | 42 | 48 | 3.6 |
| June 2025 | $427,500 | 38 | 48 | 3.4 |
| July 2025 | $456,900 | 35 | 36 | 3.7 |
| August 2025 | $461,500 | 48 | 36 | 3.8 |
| September 2025 | $454,400 | 28 | 34 | 4 |
| October 2025 | $430,000 | 31 | 46 | 3.6 |
| November 2025 | $491,000 | 25 | 48 | 3.2 |
| December 2025 | $449,995 | 30 | 57 | 2.4 |
| January 2026 | $474,900 | 13 | 32 | 2.5 |
| February 2026 | $407,000 | 15 | 132 | 2.9 |
| March 2026 | $438,825 | 31 | 55 | 3.4 |
| April 2026 | $478,990 | 31 | 70 | 3.4 |
| May 2026 | $436,000 | 39 | 58 | 3.5 |
| June 2026 | $475,000 | 65 | 60 | 3.2 |
| July 2026 | $464,900 | 51 | 42 | 3.2 |
| August 2026 | $470,000 | 57 | 29 | 3.3 |
How Otsego compares with the Twin Cities region
In August 2026, the median sale price in Twin Cities (16-County Region) was $405,000, up 1.3% from a year earlier.
More to explore
Data: NorthstarMLS Local Market Update via 10K Research, published September 12, 2026.
Report published .
Get the Otsego market report every month
We will email you the monthly numbers and what they mean for buyers and sellers.