Housing Prices in Otsego, NY
How much do homes in Otsego, NY cost?
Median List Price
$399,000
$211/sqft
Based on all homes listed in the last 12 months.
Difference Since April 2023
Key Takeaway
The list price of homes in Otsego has decreased by 6% since last year.
Summary: The median home list price in Otsego was $399,000 in April 2024, down 6% from the previous year, and the median price per square foot was $211.
Median List Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $351.5K | N/A |
| 2 Bedrooms | $154.5K | $249.9K | +61.7% |
| 3 Bedrooms | $380K | $387.4K | +2.0% |
| 4 Bedrooms | $419K | $407K | -2.9% |
| 5+ Bedrooms | $622K | $622K | 0.0% |
Summary: Otsego housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 61.7%, 3 bedroom homes increased by 2%, 4 bedroom homes decreased by 2.9%, and 5+ bedroom homes did not change.
Median List Price Compared To Nearby Cities
| Hartwick | $265K | $299K | +12.8% |
| Cooperstown | $370K | $399K | +7.8% |
| Middlefield | $349K | $369K | +5.7% |
| Otsego | $424.5K | $399K | -6.0% |
Housing Supply in Otsego, NY
How many homes are available in Otsego, NY?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 15 | 18 | +20.0% |
Summary: The Otsego real estate market had 18 homes for sale in April 2024, a 20.0% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 3 | +200.0% |
| 3 Bedrooms | 4 | 4 | 0.0% |
| 4 Bedrooms | 7 | 8 | +14.3% |
| 5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The Otsego housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 200%, 3 bedroom homes remained the same, 4 bedroom homes increased by 14.3%, and 5+ bedroom homes remained the same.
Days on Market for Otsego, NY
How long does it take to sell a home in Otsego, NY?
Average Listing Age
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 163 Days | 97 Days | -40.7% |
Summary: Homes in Otsego had an average listing age of 97 days in Apr 2024, down by 40.7% compared to the previous year.
Listings courtesy of OneKey MLS as distributed by MLS GRID.
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the OneKey™ MLS. Real Estate listings held by brokerage firms other than this broker are marked with the Broker Reciprocity logo and detailed information about them includes the name of the listing brokers. This information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.