Otsego Real Estate Market
The median sale price for homes in Otsego over the last 12 months is $60,560.
The median mortgage debt is $92,487.
The price per square foot for listings in this area is $74.
The median sale price in December for single family homes is $47,368. The sale prices dropped by -49.46% from the previous month.
The number of active listings in Otsego dropped by 7.8% from the previous month.
The median number of days active properties have been listed is 92.
The number of sales in December dropped by 62.5% from the previous month.
This chart shows home occupancy within an area.
A high percentage of ownership can indicate an area where people like to live and stable property prices. While a high percentage of rentals could indicate an area with shifting demographics, a younger community, or possibly a downtown area.
High vacancy rates can indicate that the market is unhealthy and that it could be tough to sell a home in this area.
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