Otsego County, MI Home Values & Market Trends
The median home price in Otsego County, MI is $218,575.68. There were 635 home sales in Otsego County, MI over the past 12 months. The median residential Otsego County, MI home value for transactions over the previous year is $199,000. The number of current listings in Otsego County, MI is 77, and the percentage of properties for sale is 77.00%. The county has 6 foreclosures, 3 bank owned properties, 3 headed for auction, and 77 properties for sale.
Otsego County, MI Real Estate Market Overview
| City | Median Est. Value | City | Median Est. Value |
|---|---|---|---|
| Gaylord | $ 317,552 $ 172/sqft | Johannesburg | $ 194,900 $ 158/sqft |
| Vanderbilt | $ 197,778 $ 141/sqft | Waters | $ -- $ -- |
| Elmira | $ 241,223 $ 158/sqft |
Housing Market Summary for Otsego County, MI
| Apr 2023 | March 2024 | Change | |
|---|---|---|---|
| Median Listing Price | $210K | $217.8K | 3.72% |
| Median Sold Price | $194.9K | $217.8K | 11.76% |
| Homes For Sale | 57 | 68 | 19.30% |
| Homes Sold | 227 | 289 | 27.31% |
Price Per Square Foot
On an average, Single Family homes cost $33 more per sqft than Condos. In comparison with sales price/sqft last week, list price/sqft of Single Family homes increased by 1.93% whereas, list price/sqft of Condos increased by 9.38%.
Recently Sold Homes
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Browse Homes in Otsego County, MI
Otsego County, MI home values range from $17,235 to $4,814,506. Gaylord is the priciest city with a median listing home price of $299,900, and Vanderbilt is most affordable with average house prices of around $164,900.
- Pre-ForeclosurePre-foreclosure homes account for 0% of all residential properties in Otsego County, MI with $[pre-foreclosures-highest-count-region] containing 0 pre-foreclosures, the highest number of pre-foreclosure properties in a single city. There are 5 cities within Otsego County, MI; of those cities, the estimated home value for pre-foreclosure homes ranges from $0 in N/A to the lowest home value of $0 in $[pre-foreclosures-lowest-avm-region].
- Bank OwnedThe median estimated home value of bank owned homes (REO properties) in Otsego County, MI ranges from the highest value of $302,978 in Gaylord to the lowest value of $179,290 in Elmira. Bank owned homes and properties account for 0.02% of properties in Otsego County, MI. There are 5 cities within Otsego County, MI; Gaylord containing 3 REO properties, has the highest number of bank owned properties in a single city.
- AuctionsGaylord has 2 auction properties, the highest number of properties going to auction in a single city in the state of Otsego County, MI. Auction homes and other auction properties account for 0.02% of all properties in Otsego County, MI. There are 5 cities within Otsego County, MI; of those cities, the median estimated home value for homes going to auction ranges from $226,135 in Vanderbilt to the lowest value of $183,025 in Vanderbilt.
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Guide for Otsego County, MI
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