Otsego County, MI Home Values & Market Trends

The median home price in Otsego County, MI is $223,214.61. There were 634 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 $195,000. The number of current listings in Otsego County, MI is 70, and the percentage of properties for sale is 70.00%. The county has 6 foreclosures, 2 bank owned properties, 4 headed for auction, and 70 properties for sale.

Otsego County, MI Real Estate Market Overview

CityMedian Est. ValueCityMedian Est. Value
Gaylord

$ 313,979

$ 154/sqft

Johannesburg

$ 194,900

$ 141/sqft

Vanderbilt

$ 199,781

$ 155/sqft

Waters

$ --

$ --

Elmira

$ 229,900

$ 160/sqft

Housing Market Summary for Otsego County, MI

Mar 2023February 2024Change
Median Listing Price$205K$221.5K8.04%
Median Sold Price$196.2K$221.5K12.91%
Homes For Sale60646.67%
Homes Sold28532313.33%
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, MI

Otsego County, MI home values range from $18,149 to $4,765,927. Gaylord is the priciest city with a median listing home price of $300,000, and Johannesburg is most affordable with average house prices of around $150,000.

Foreclosure
There are 5 cities within Otsego County, MI; within these cities, the median estimated home value for homes in foreclosure ranges from $368,470 in Gaylord to the lowest value of $194,452 in Gaylord. Foreclosure homes account for 0.00% of properties in Otsego County, MI with Gaylord containing 6 foreclosures, the highest number of foreclosure properties in a single city.
  • Pre-Foreclosure
    Pre-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 Owned
    The median estimated home value of bank owned homes (REO properties) in Otsego County, MI ranges from the highest value of $200,971 in Gaylord to the lowest value of $194,452 in Gaylord. Bank owned homes and properties account for 0.01% of properties in Otsego County, MI. There are 5 cities within Otsego County, MI; Gaylord containing 2 REO properties, has the highest number of bank owned properties in a single city.
  • Auctions
    Gaylord has 4 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 0.03% 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 $321,140 in Vanderbilt to the lowest value of $226,109 in Vanderbilt.
Homes for Sale
Homes and properties that are actively listed for sale account for 0.50% of residential properties in Otsego County, MI with Gaylord containing 53 homes for sale, the highest number of listed properties in a single city. There are 5 cities within Otsego County, MI; homes for sale in those cities, have a range of median values from $399,900 in Elmira to the lowest value of $34,340 in Johannesburg.
    Sold Homes
    The median value for recently sold homes ranges from $538,808 in Elmira to the lowest price of $22,921 in Elmira. There are 5 cities within Otsego County, MI. Gaylord has 216 recently sold homes, the highest number of recently sold properties in a single city. Recently sold homes and properties account for 2.01% of properties in Otsego County, MI.

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      Guide for Otsego County, MI

      RealtyTrac Market Report
      Michigan
      2023 Michigan Real Estate Market: Analysis Reveals Booming Property Values and Volatile Sold Prices
      Michigan
      Detroit Real Estate Market Holds Steady: 2023 in Review
      Investment Guides
      Why Buying a Foreclosure is a Smart Move
      Home Buying Financing
      How To Get House Mortgage With Low Credit Score
      See More Articles
      RealtyTrac Market Report
      2023 Michigan Real Estate Market: Analysis Reveals Booming Property Values and Volatile Sold Prices
      Michigan|posted 8 December 2023

      Explore the nuances of Michigan’s 2023 real estate market, where rising property values meet shifting sold prices and distressed properties offer investment opportunities amidst a stable yet competitive landscape.

      Detroit Real Estate Market Holds Steady: 2023 in Review
      Michigan|posted 25 January 2024

      The 2023 Detroit real estate market trend showed steady average listing values and an increase in property sales, with neighboring cities displaying more fluctuation but higher property values. This reflects the city’s resilience amidst an unpredictable industry landscape.

      Why Buying a Foreclosure is a Smart Move
      Investment Guides|posted 15 November 2017

      Why Buying a Foreclosure is a Smart Move

      How To Get House Mortgage With Low Credit Score
      Home Buying Financing|posted 22 March 2024

      Learn how to secure a house mortgage even with a low credit score.

      Recently Listed Homes Otsego County, MI

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