$772 Closing Credit*
$65,000
1,772 SqFt
3 Beds
•1 Full Bath
Amanda M Kubic, Listing Office: Kyser Realty Inc.
Is Otto, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Last month, Otto was a Neutral Market.
Key Takeaway
Otto is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Otto, NY
How much do homes in Otto, NY cost?
Median Sold Price
$178,000
$109/sqft
Based on all homes sold in October 2024.
Difference Since Last Month
+$130,000(+270.8%)
Key Takeaway
Homes in Otto have sold for 270.8% more than they did a month ago.
Summary: The median home sold price in Otto was $178,000 in October 2024, up 270.8% from last month, and the median price per square foot was $109.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $48K | - | N/A |
| 2 Bedrooms | - | - | N/A |
| 3 Bedrooms | - | $178K | N/A |
| 4 Bedrooms | - | - | N/A |
| 5+ Bedrooms | - | - | N/A |
Summary: Otto housing prices by bedroom type for October 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Otto | $48K | $178K | +270.8% |
| Persia | $96.5K | $40K | -58.5% |
Housing Supply in Otto, NY
How many homes are available in Otto, NY?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 6 | 5 | -16.7% |
Summary: The Otto real estate market had 5 homes for sale in October 2024, a 16.7% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 0 | -100.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 5 | 5 | 0.0% |
| 4 Bedrooms | 0 | 0 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Otto housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 1 | 2 | +100.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Otto, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.
Summary: A total of 2 homes were sold or pending in Otto in October 2024, up by 100.0% month-over-month. Of the 2 sold homes, 0% were sold under asking, 50% were sold at asking, and 50% were sold over asking.
Days on Market for Otto, NY
How long does it take to sell a home in Otto, NY?
Average Sale Time
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 88 Days | 69 Days | -21.0% |
Summary: Homes in Otto had an average of 69 days on market in Oct 2024, down by 21% compared to last month.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Otto are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 2 homes were sold in Otto; 50% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.
