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
City | Median Est. Value | City | Median 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 2023 | February 2024 | Change | |
---|---|---|---|
Median Listing Price | $205K | $221.5K | 8.04% |
Median Sold Price | $196.2K | $221.5K | 12.91% |
Homes For Sale | 60 | 64 | 6.67% |
Homes Sold | 285 | 323 | 13.33% |
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, MI
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.
- 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 $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.
- AuctionsGaylord 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.
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Guide for Otsego County, MI
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