$10,000 Closing Credit*
$1,400,000
8,300 SqFt
5 Beds
•6 Full Baths, 1 Partial
Susan Muther, Listing Office: Keller Williams Upstate NY Properties
Is Otsego, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since December 2023
Since last year, Otsego has remained a Seller's Market.
Key Takeaway
Otsego is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Otsego, NY
How much do homes in Otsego, NY cost?
Median Sold Price
$427,000
$212/sqft
Based on all homes sold in the last 12 months.
Difference Since December 2023
+$73,000(+20.6%)
Key Takeaway
Homes in Otsego have sold for 20.6% more than they did a year ago.
Summary: The median home sold price in Otsego was $427,000 in December 2024, up 20.6% from last year, and the median price per square foot was $212.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $395K | - | N/A |
| 2 Bedrooms | $275K | $342.5K | +24.5% |
| 3 Bedrooms | $345K | $392.5K | +13.8% |
| 4 Bedrooms | $363K | $427K | +17.6% |
| 5+ Bedrooms | $412K | $1.0M | +143.9% |
Summary: Otsego housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 24.5%, 3 bedroom homes increased by 13.8%, 4 bedroom homes increased by 17.6%, and 5+ bedroom homes increased by 143.9%.
Housing Supply in Otsego, NY
How many homes are available in Otsego, NY?
Number of Homes For Sale
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 12 | 10 | -16.7% |
Summary: The Otsego real estate market had 10 homes for sale in December 2024, a 16.7% decrease compared to November 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 1 | 0.0% |
| 3 Bedrooms | 2 | 2 | 0.0% |
| 4 Bedrooms | 4 | 2 | -50.0% |
| 5+ Bedrooms | 5 | 5 | 0.0% |
Summary: The Otsego housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes decreased by 50%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 1 | 2 | +100.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Otsego, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in Otsego in December 2024, up by 100.0% month-over-month. Of the 2 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Otsego, NY
How long does it take to sell a home in Otsego, NY?
Average Sale Time
| Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|
| 27 Days | 137 Days | +407.4% |
Summary: Homes in Otsego had an average of 137 days on market in Dec 2024, up by 407.4% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Otsego has remained consistent over time.
Summary: During December 2024, 2 homes were sold in Otsego; 0% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.
Information should be deemed reliable but not guaranteed, all representations are approximate, and individual verification is recommended. The information provided by this website is for the personal, non-commercial use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Copyright © 2025 Columbia Greene Northern Dutchess Multiple Listing Service. All rights reserved.