Otsego County, NY Home Values & Market Trends

The median home price in Otsego County, NY is $177,957.63. There were 879 home sales in Otsego County, NY over the past 12 months. The median residential Otsego County, NY home value for transactions over the previous year is $129,000. The number of current listings in Otsego County, NY is 95, and the percentage of properties for sale is 95.00%. The county has 96 foreclosures, 4 bank owned properties, 5 headed for auction, and 95 properties for sale.

Otsego County, NY Real Estate Market Overview

CityMedian Est. ValueCityMedian Est. Value
Oneonta

$ 187,860

$ 119/sqft

New Lisbon

$ 99,900

$ 94/sqft

Cooperstown

$ 296,529

$ 218/sqft

Worcester

$ 113,114

$ 53/sqft

Unadilla

$ 159,900

$ 89/sqft

Laurens

$ 22,046

$ 27/sqft

Cherry Valley

$ 87,953

$ 63/sqft

West Burlington

$ --

$ --

Hartwick

$ 349,000

$ 157/sqft

Portlandville

$ --

$ --

Richfield Springs

$ 174,950

$ 89/sqft

Garrattsville

$ --

$ --

Schenevus

$ 172,176

$ 76/sqft

East Worcester

$ --

$ --

Morris

$ 131,917

$ 94/sqft

Mount Vision

$ --

$ --

Otego

$ 210,000

$ 189/sqft

Wells Bridge

$ --

$ --

Milford

$ 382,318

$ 204/sqft

Springfield Center

$ --

$ --

Burlington Flats

$ 181,087

$ 119/sqft

Westford

$ --

$ --

Edmeston

$ 89,900

$ 112/sqft

East Springfield

$ --

$ --

Maryland

$ 419,728

$ 209/sqft

Roseboom

$ --

$ --

West Oneonta

$ 181,911

$ 105/sqft

Gilbertsville

$ --

$ --

Fly Creek

$ 365,582

$ 153/sqft

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Housing Market Summary for Otsego County, NY

Mar 2023February 2024Change
Median Listing Price$201K$181.9K-9.48%
Median Sold Price$153.9K$181.9K18.19%
Homes For Sale10593-11.43%
Homes Sold459452-1.53%
Price
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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%.

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Browse Homes in Otsego County, NY

Otsego County, NY home values range from $13,185 to $4,614,499. Fly Creek is the priciest city with a median listing home price of $558,000, and Laurens is most affordable with average house prices of around $19,000.

Foreclosure
There are 29 cities within Otsego County, NY; within these cities, the median estimated home value for homes in foreclosure ranges from $229,700 in Richfield Springs to the lowest value of $34,412 in Richfield Springs. Foreclosure homes account for 0.00% of properties in Otsego County, NY with Oneonta containing 27 foreclosures, the highest number of foreclosure properties in a single city.
  • Pre-Foreclosure
    Pre-foreclosure homes account for 0.47% of all residential properties in Otsego County, NY with Oneonta containing 26 pre-foreclosures, the highest number of pre-foreclosure properties in a single city. There are 29 cities within Otsego County, NY; of those cities, the estimated home value for pre-foreclosure homes ranges from $572,450 in Springfield Center to the lowest home value of $34,412 in Richfield Springs.
  • Bank Owned
    The median estimated home value of bank owned homes (REO properties) in Otsego County, NY ranges from the highest value of $293,750 in Worcester to the lowest value of $36,500 in Hartwick. Bank owned homes and properties account for 0.02% of properties in Otsego County, NY. There are 29 cities within Otsego County, NY; Worcester containing 1 REO properties, has the highest number of bank owned properties in a single city.
  • Auctions
    Richfield Springs has 2 auction properties, the highest number of properties going to auction in a single city in the state of Otsego County, NY. Auction homes and other auction properties account for 0.03% of all properties in Otsego County, NY. There are 29 cities within Otsego County, NY; of those cities, the median estimated home value for homes going to auction ranges from $125,394 in East Worcester to the lowest value of $47,700 in East Worcester.
Homes for Sale
Homes and properties that are actively listed for sale account for 0.51% of residential properties in Otsego County, NY with Oneonta containing 34 homes for sale, the highest number of listed properties in a single city. There are 29 cities within Otsego County, NY; homes for sale in those cities, have a range of median values from $382,318 in Milford to the lowest value of $22,046 in Laurens.
    Sold Homes
    The median value for recently sold homes ranges from $179,520 in Roseboom to the lowest price of $20,060 in Roseboom. There are 29 cities within Otsego County, NY. Oneonta has 133 recently sold homes, the highest number of recently sold properties in a single city. Recently sold homes and properties account for 2.40% of properties in Otsego County, NY.

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      Guide for Otsego County, NY

      Market Reports
      Rochester Real Estate: A Year of Growth and Potential
      Market Reports
      NYC Real Estate Rises: 8% Surge in Property Values Aug 2023-Jan 2024
      New York
      Buffalo Real Estate Market Soars in 2023
      Investment Guides
      Will Downtowns Go From Offices to Apartments?
      See More Articles
      Rochester Real Estate: A Year of Growth and Potential
      Market Reports|posted 13 March 2024

      Amid rapid fluctuations in the Rochester real estate sector, a steady increase in the average sale price per square foot has been observed from March 2023 to February 2024. Surrounding cities like East Rochester, Webster, Penfield, Spencerport, and West Henrietta have experienced unique trends, providing a diverse regional real estate climate.

      NYC Real Estate Rises: 8% Surge in Property Values Aug 2023-Jan 2024
      Market Reports|posted 27 February 2024

      New York City’s real estate market from August 2023 to January 2024 witnessed roughly an 8% increase in average property values, along with fluctuations in per square foot values and sold prices.

      Buffalo Real Estate Market Soars in 2023
      New York|posted 19 January 2024

      An increase is house prices but a slowdown of homes sold in September

      Will Downtowns Go From Offices to Apartments?
      Investment Guides|posted 15 February 2022

      With more people working from home, there's an of excess office spaces. Older buildings may be up for apartment conversions especially with proposed tax breaks