Is Otter Tail County, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2021
At the same time last year, Otter Tail County was a Seller's Market.
Key Takeaway
Otter Tail County is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
How much do homes in Otter Tail County, MN cost?
Median Sold Price
$239,983
$130/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2021
Key Takeaway
Homes in Otter Tail County have sold for 14.8% more than they did a year ago.
Median Sold Price By Bedroom Count
| # BEDS | Apr 2021 | Apr 2022 | % |
|---|---|---|---|
| 1 Bedroom | $94.5K | $117.5K | +24.3% |
| 2 Bedrooms | $197.7K | $177K | -10.5%  |
| 3 Bedrooms | $187.5K | $235K | +25.3% |
| 4 Bedrooms | $230.2K | $282K | +22.5% |
| 5+ Bedrooms | $305.5K | $347K | +13.6% |
Median Sold Price Compared To Nearby Counties
| % | |
|---|---|
| Becker County | +22.9% |
| Otter Tail County | +14.8% |
| Grant County | +12.6% |
| Wadena County | 0.2% |
| Wilkin County | -0.3% |
How many homes are available in Otter Tail County, MN?
Number of Homes For Sale
| Mar 2022 | Apr 2022 | % |
|---|---|---|
| 192 | 260 | +35.4% |
Homes For Sale By Bedroom Count
| # BEDS | Mar 2022 | Apr 2022 | % |
|---|---|---|---|
| 1 Bedroom | 7 | 12 | +71.4% |
| 2 Bedrooms | 57 | 73 | +28.1% |
| 3 Bedrooms | 70 | 99 | +41.4% |
| 4 Bedrooms | 41 | 60 | +46.3% |
| 5+ Bedrooms | 17 | 16 | -5.9%  |
Number of Homes Sold
| Mar 2022 | Apr 2022 | % |
|---|---|---|
| 23 | 42 | +82.6% |
Asking Price vs. Sold Price
16 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
18 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Otter Tail County, you could pay more than the asking price. 42.9% of homes here sold above asking price last month.
Average Sale Time
| Apr 2021 | Apr 2022 | % |
|---|---|---|
| 10 Days | 48 Days | +372.6% |
Breakdown of Home Sale Times
24 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
8 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Otter Tail County are selling fast, if you're buying plan to act quickly.
