Is Ottertail, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Ottertail has remained a Buyer's Market.
Housing Prices in Ottertail, MN
How much do homes in Ottertail, MN cost?
Median Sold Price
$310,000
$207/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Ottertail was $310,000 in March 2024, up 6% from last year, and the median price per square foot was $207.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $100K | $173.7K | +73.8% |
2 Bedrooms | $227.5K | $285K | +25.3% |
3 Bedrooms | $499.9K | $313.9K | -37.2% |
4 Bedrooms | $368.8K | $465.7K | +26.3% |
5+ Bedrooms | - | $575K | N/A |
Summary: Ottertail housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 73.8%, 2 bedroom homes increased by 25.3%, 3 bedroom homes decreased by 37.2%, 4 bedroom homes increased by 26.3%, and 5+ bedroom homes did not change.
Housing Supply in Ottertail, MN
How many homes are available in Ottertail, MN?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
7 | 16 | +128.6% |
Summary: The Ottertail real estate market had 16 homes for sale in March 2024, a 128.6% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 3 | 5 | +66.7% |
3 Bedrooms | 0 | 6 | +100.0% |
4 Bedrooms | 3 | 4 | +33.3% |
5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Ottertail housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 66.7%, 3 bedroom homes increased by 100%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
1 | 1 | 0.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 1 homes were sold or pending in Ottertail in March 2024, the same as the previous month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Ottertail, MN
How long does it take to sell a home in Ottertail, MN?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
147 Days | 22 Days | -85.0% |
Summary: Homes in Ottertail had an average of 22 days on market in Mar 2024, down by 85% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During March 2024, 1 homes were sold in Ottertail; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.