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
City | Median Est. Value | City | Median 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 |
Housing Market Summary for Otsego County, NY
Mar 2023 | February 2024 | Change | |
---|---|---|---|
Median Listing Price | $201K | $181.9K | -9.48% |
Median Sold Price | $153.9K | $181.9K | 18.19% |
Homes For Sale | 105 | 93 | -11.43% |
Homes Sold | 459 | 452 | -1.53% |
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
Explore recent offers and recently sold homes in Otsego County, NY
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.
- Pre-ForeclosurePre-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 OwnedThe 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.
- AuctionsRichfield 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.
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More Real Estate Resources for Otsego County, NY
Guide for Otsego County, NY
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.
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.
An increase is house prices but a slowdown of homes sold in September
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