Market report, updated

Market Report

Search in the city of Otsego

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Report prepared by Foundryrep.com Foundry Real Estate Partners, Inc

Market at a glance

Over the last 6 months, homes sold for 97.5% of list price in 21 days on average.

Average price, last 12 months

What sellers asked vs. what homes actually sold for, by closing month.

List · $280K Sold · $273K
$340K$300K$260K$220K
NovDecJanFebMarAprMayJunJulAugSepOct

Homes sold per month

Closed sales, last 12 months.

Sold tab (last 6 months) Earlier

Peak: 16 sales in Oct. Last month: 16.

Where the market stands

All homes in this report, by status.

129homes
Active40 · 31%
Under contract16 · 12%
Sold (6 mo)73 · 57%

Buyer's or seller's market?

Months it would take to sell every active home at the pace of the last 6 months.

3.2months of inventory
Seller's, under 4BalancedBuyer's, over 6

Homes are selling quickly, which favors sellers in this market.

Average price by status

Active$280K
Under contract$306K
Sold$287K

Average days on market

Active116 days
Under contract38 days
Sold21 days

Browse homes by status

Choose a status to see its numbers, charts and listings.

Active homes

Currently for sale
Homes for sale 40
Average list price $280,147
Avg. days on market 116 days
Avg. price per ft² $176 Based on 24 of 40 homes
Avg. living area 1,672 ft² Based on 24 of 40 homes
Avg. beds / baths 3.2 / 2.1

Price vs. living area

Each dot is a home. Hover a dot for its address, click it to see the home.

16 homes didn’t report living area and aren’t shown.

$900K$600K$300K$0

Price vs. living area: 24 homes plotted, up to $900K and 6,000 ft².

0 ft²2,0004,0006,000 ft²

How long homes have been listed

Number of homes by days on market.

Bedroom mix

Number of homes by bedroom count.

16 homes didn’t report bedrooms and aren’t shown.

Highest price per ft²

Top 7 homes in this status.

722 River Road$363
2203 Brinn Vista Drive$260
1958 Cygnet Drive$249
422 W Allegan Street$233
234 W Hammond Street$207
243 E Morrell Street$194
1671 Aspen Trails$191

All active listings

Click a column to sort
AddressBedsBathsLiving ft²List price$ / ft²Days on market
714 Clara StreetOtsego, MI 49078 341,323$226,900$1711 day
115-117 S Fair StreetOtsego, MI 49078 —2—$235,000—2 days
301 Helen AvenueOtsego, MI 49078 ———$74,900—7 days
V/L 13th StreetOtsego, MI 49078 ———$840,000—16 days
0 V/L 110th AvenueOtsego, MI 49078 ———$642,000—16 days
0 V/L 110th & 13thOtsego, MI 49078 ———$93,500—16 days
230 W Franklin StreetOtsego, MI 49078 521,770$249,900$14111 days
10625 Ravine RoadOtsego, MI 49078 421,609$265,000$16411 days
2203 Brinn Vista DriveOtsego, MI 49078 221,592$415,000$26012 days
243 E Morrell StreetOtsego, MI 49078 311,260$244,900$19413 days
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Questions about this market?

These numbers move every month. For what they mean for your home, or for a home you have your eye on, get in touch.

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