$1,661 Closing Credit*
$139,900
620 SqFt
1 Bed
•1 Full Bath
Dylan Wise, Listing Office: Howard Hanna Real Estate
Is Otisco, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Last month, Otisco was a Buyer's Market.
Key Takeaway
Otisco is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Otisco, NY
How much do homes in Otisco, NY cost?
Median Sold Price
$420,000
$198/sqft
Based on all homes sold in August 2024.
Difference Since Last Month
+$105,000(+33.3%)
Key Takeaway
Homes in Otisco have sold for 33.3% more than they did a month ago.
Summary: The median home sold price in Otisco was $420,000 in August 2024, up 33.3% from last month, and the median price per square foot was $198.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | $222.5K | N/A |
| 3 Bedrooms | $315K | - | N/A |
| 4 Bedrooms | - | $440K | N/A |
| 5+ Bedrooms | - | - | N/A |
Summary: Otisco housing prices by bedroom type for August 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Otisco | $315K | $420K | +33.3% |
| Marietta | $315K | $397.5K | +26.2% |
Housing Supply in Otisco, NY
How many homes are available in Otisco, NY?
Number of Homes For Sale
| Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|
| 12 | 11 | -8.3% |
Summary: The Otisco real estate market had 11 homes for sale in August 2024, a 8.3% decrease compared to July 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 5 | 4 | -20.0% |
| 3 Bedrooms | 3 | 3 | 0.0% |
| 4 Bedrooms | 3 | 3 | 0.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Otisco housing inventory by bedroom type for August 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 20%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|
| 1 | 3 | +200.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Otisco, you could pay more than the asking price. 66.7% of homes here sold above asking price last month.
Summary: A total of 3 homes were sold or pending in Otisco in August 2024, up by 200.0% month-over-month. Of the 3 sold homes, 33% were sold under asking, 0% were sold at asking, and 67% were sold over asking.
Days on Market for Otisco, NY
How long does it take to sell a home in Otisco, NY?
Average Sale Time
| Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|
| 6 Days | 12 Days | +100.0% |
Summary: Homes in Otisco had an average of 12 days on market in Aug 2024, up by 100% compared to last month.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Otisco are selling fast, if you're buying plan to act quickly.
Summary: During August 2024, 3 homes were sold in Otisco; 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.
