How much do homes in Otsego County, MI cost?

Median List Price

$189,913

Based on all homes listed in the last 12 months.

Difference Since August 2020

+$25,013(+15.2%)

Key Takeaway

The list price of homes in Otsego County has increased by 15.2% since last year.

Housing Market Conditions

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Key Takeaway

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Median List Price By Bedroom Count

# BEDSAug 2020Aug 2021%
1 $94.4K$142K+50.3%
2 $115K$139.9K+21.7%
3 $159.9K$185K+15.7%
4 $229K$254.9K+11.3%
5+ $289K$359.9K+24.5%

Median List Price Compared To Nearby Counties

Montmorency County
+22.6%
Cheboygan County
+16.9%
Otsego County
+15.2%
Antrim County
+14.0%
Crawford County
+13.7%

How many homes are available in Otsego County, MI?

Number of Homes For Sale

Jul 2021Aug 2021%
206224+8.7%

Homes For Sale By Bedroom Count

# BEDSJul 2021Aug 2021%
1 67+16.7%
2 3940+2.6%
3 104112+7.7%
4 4246+9.5%
5+ 1519+26.7%

Asking Price vs. Sold Price

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Key Takeaway

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Average Listing Age

Aug 2020Aug 2021%
133 Days74 Days-44.0%

Breakdown of Home Sale Times

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Key Takeaway

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About Otsego County, MI

Number of homes for sale in Otsego County, MI real estate market have reached 224. The inventory of homes for sale in Otsego County, MI between July 2021 and August 2021 increased by 8.7%. While the average time on the market in August 2021 was 74 days, the median list price was $189,913. Listing prices have changed in this real estate market between July 2021 and August 2021: 1 bedroom properties became 50.3% more expensive, prices of 2 bedrooms properties increased by 21.7%, 3 bedrooms properties became 15.7% more expensive, 4 bedrooms properties prices increased by 11.3%, the cost of 5 bedrooms properties went up by 24.5%. The following changes in the number of homes for sale were observed in this housing market: number of 1 bedroom homes increased by 16.7%, the quantity of 2 bedrooms homes went up by 2.6%, volume of 3 bedrooms homes went up by 7.7%, volume of 4 bedrooms homes went up by 9.5%, 5 bedrooms homes inventory increased by 26.7%. In August 2021 more than 28 listings in Otsego County, MI were sold above the asking price. During the same period more than 12 listings were sold at asking price, while more than 16 were sold below.

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