$2,601 Closing Credit*
$219,000
1,328 SqFt
3 Beds
•2 Full Baths
William R Blaker, Listing Office: BLAKER REALTY
Is Otsego County, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, Otsego County has remained a Seller's Market.
Key Takeaway
Otsego County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Otsego County, MI
How much do homes in Otsego County, MI cost?
Median Sold Price
$262,666
$138/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$13,241(+5.3%)
Key Takeaway
Homes in Otsego County have sold for 5.3% more than they did a year ago.
Summary: The median home sold price in Otsego County was $262,666 in November 2024, up 5.3% from last year, and the median price per square foot was $138.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $75K | $122K | +62.7% |
| 2 Bedrooms | $191K | $210K | +9.9% |
| 3 Bedrooms | $245.5K | $260K | +5.9% |
| 4 Bedrooms | $305K | $326.5K | +7.0% |
| 5+ Bedrooms | $363.7K | $387K | +6.4% |
Summary: Otsego County housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 62.7%, 2 bedroom homes increased by 9.9%, 3 bedroom homes increased by 5.9%, 4 bedroom homes increased by 7%, and 5+ bedroom homes increased by 6.4%.
Median Sold Price Compared To Nearby Counties
| Antrim County | $267.5K | $316.3K | +18.3% |
| Cheboygan County | $220K | $259.9K | +18.1% |
| Montmorency County | $157K | $170K | +8.3% |
| Otsego County | $249.4K | $262.6K | +5.3% |
| Crawford County | $180K | $184.9K | +2.8% |
Housing Supply in Otsego County, MI
How many homes are available in Otsego County, MI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 176 | 165 | -6.3% |
Summary: The Otsego County real estate market had 165 homes for sale in November 2024, a 6.3% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 3 | 0.0% |
| 2 Bedrooms | 27 | 22 | -18.5% |
| 3 Bedrooms | 100 | 94 | -6.0% |
| 4 Bedrooms | 33 | 30 | -9.1% |
| 5+ Bedrooms | 13 | 16 | +23.1% |
Summary: The Otsego County housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 18.5%, 3 bedroom homes decreased by 6%, 4 bedroom homes decreased by 9.1%, and 5+ bedroom homes increased by 23.1%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 42 | 35 | -16.7% |
Asking Price vs. Sold Price
21 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Otsego County, you may be able to get a good deal. 60% of homes here sold below asking price last month.
Summary: A total of 35 homes were sold or pending in Otsego County in November 2024, down by 16.7% month-over-month. Of the 35 sold homes, 60% were sold under asking, 17% were sold at asking, and 23% were sold over asking.
Days on Market for Otsego County, MI
How long does it take to sell a home in Otsego County, MI?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 53 Days | 5 Days | -89.7% |
Summary: Homes in Otsego County had an average of 5 days on market in Nov 2024, down by 89.7% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Otsego County are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 35 homes were sold in Otsego County; 6% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
© 2024 Water Wonderland MLS, Inc © All rights reserved. The data relating to real estate on this web site comes in part from the Internet Data Exchange Program of the Water Wonderland MLS (WWLX). Real estate listings held by brokerage firms other than this broker are marked with the WWLX logo and the detailed information about said listing includes the listing office.The listings displayed come from various Water Wonderland Board of REALTORS® member offices who have chosen to participate in WWBR. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither the site hosting broker(s), nor the listing broker or Water Wonderland Board of REALTORS® shall be responsible for any typographical errors, misinformation, misprints, and shall be held totally harmless.
Disclaimer: The data relating to real estate on this web site comes in part from the IDX of Realcomp II Ltd. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. 
Provided through IDX via MiRealSource, as the “Source MLS”, courtesy of the Originating MLS shown on the property listing, as the Originating MLS.