112 homes sold in Otsego Township in the last year, at a typical $264K
Redfin reports Otsego Township’s sales by ZIP code, so these figures are for ZIP 49078, which takes in Otsego Township and the area around it. Almost every sale is a house. Below: what each kind of home sells for, what your budget buys, the best months to buy, how hard you’ll have to bid, and a shortcut to every site where Otsego Township homes are listed.
Every place Otsego Township homes are listed, in one stop
We don’t copy listings: the agents’ sites have the photos and the latest price changes. Set what you want once and we open each site already filtered to Otsego Township.
For sale
Rent
New, land & open houses
Links open the listing sites; TownRatings isn’t paid for them and doesn’t rank one above another. Rentals and government-owned homes come from sources outside the MLS.
Houses are 94% of Otsego Township’s sales, at a typical $248K (year to May 2026)
112 homes sold in the year to September 2026.
typical sale · 97 sold in the year to May 2026
- Per square foot
- $163MI $172
- Days to sell
- 16
- Sold over asking
- 34%
Condos: 2 sold, typical $275K
Too few sales in 12 months for reliable figures.
About as many homes sell as usual, at twice the 2016 price
112 sales in the last year, against 148 in 2018 and a low of 82 in 2012. The typical sale went from $123K in 2016 to $264K.
Source: Redfin Data Center, MLS sales; for ZIP 49078, which takes in Otsego Township and the area around it (each month is a 3-month rolling window, its counts divided by 3). Typical price and $/sq ft are the monthly medians, weighted by sales. Redfin stopped publishing towns’ figures by property type after May 2026, so houses and condos are shown for the year to then.
What $250K buys in Otsego Township
Check a listing against what Otsego Township homes sold for
Against the town’s median price per square foot over the last 12 months. A rough check: condition, lot and location within town move a price more than this can see.
Bidding wars in Otsego Township are back to pre-pandemic levels, but 43% fewer homes come up for sale
We read every month of home sales in ZIP 49078 since 2012 so you don’t have to. Each figure covers 12 months, because a single month in a town is too few sales to mean much. Latest: the year to September 2026, 112 sales.
If you’re buying in Otsego Township
- Shop in May. It brings about 13 new listings a month, close to the busiest month, with fewer bidding wars (33% over asking).
- Offer under asking. Buyers paid 98% of the list price on average; 27% paid over.
- Move fast on good ones. Half of homes are under contract within two weeks.
Fall brings the homes; summer brings the bidding wars
September has the most new listings (about 15 a month), but June is the most competitive: 40% of June sales close over asking. May offers nearly as much choice with fewer homes bid up (33%). March has the least competition (27%).
Averages for each calendar month, 2015 on.
Calmer than the 2021 frenzy, and about like Michigan as a whole
| Otsego Township now | 2017–19 | 2021 peak | MI now | |
|---|---|---|---|---|
| Sold over askingShare of sales that closed above the list price | 27% | 29% | 52% | 28% |
| Gone within two weeksShare of homes under contract within 14 days | 50% | 21% | 49% | 40% |
| Price paid vs. askingAverage sale price ÷ list price | 98% | 98.5% | 102.4% | 98.1% |
| Days to sellMedian days from listing to contract | 14 | 24 | 9 | 36 |
12 homes for sale on a typical day
That’s 1.4 times the 2022 low (9), 43% fewer than in 2017–19 and well under 2015’s 51.
Source: Redfin Data Center, ZIP code tracker; for ZIP 49078, which takes in Otsego Township and the area around it (each month is a 3-month rolling window, its counts divided by 3), January 2012 to September 2026 (MLS sales, not seasonally adjusted). Ratios are weighted by homes sold; price cuts by homes for sale.
Owning the typical Otsego Township home costs about $1,613 a month
Price: Otsego Township’s typical sale, last 12 months. Property tax at Otsego Township’s 1.1% (median bill ÷ median value, Census ACS); insurance at 0.35% of price a year. Before PMI, HOA dues, upkeep and the tax deduction. Whether Otsego Township is affordable on local pay is on Cost of living.
Six things worth knowing
New listings in September
The month with the most choice. January has the fewest, about 7.
Best time to buyProperty tax, a year
Of a home’s value: the median bill over the median home value. On a $264K home, about $2,830 a year.
Taxes vs. neighborsSchools
The schools grade for Otsego Township, from test results, graduation and how much students grow.
Schools in Otsego TownshipTypical commute
The average one-way trip to work for people who live in Otsego Township.
Work & commuteCheck the flood map
Flood insurance isn’t in a standard policy, and lenders require it in FEMA flood zones. Check the address before you make an offer.
Natural hazardsLook up any property
Assessed value, lot size and every past sale of a home you’re eyeing are public, at the town or county assessor and the registry of deeds.
Otsego, Plainwell, Allegan, Westwood and Parchment sell for less a square foot
The busier markets within 25 miles of Otsego Township, by what sold. Prices, taxes and how far a paycheck goes next door are on Cost of living.
| Sold | Typical sale | $/sq ft | Over asking | Days to sell | |
|---|---|---|---|---|---|
| Westwood | 129 | $242K | $167 | 32% | 21 |
| Otsego Township (ZIP 49078) | 112 | $264K | $173 | 27% | 14 |
| Allegan | 86 | $232K | $160 | 31% | 21 |
| Otsego | 63 | $235K | $161 | 25% | 19 |
| Wayland | 46 | $312K | $204 | 41% | 20 |
| Plainwell | 39 | $246K | $161 | 31% | 28 |
| Parchment | 36 | $224K | $147 | 32% | 22 |
Redfin Data Center, October 2025 to September 2026. Towns with fewer than 20 sales are left out, and Redfin doesn’t report every town separately.
Post your home to Otsego Township, free
Selling it yourself, renting out an apartment or looking for a roommate? Post it to Otsego Township. People who follow the town see it, and so do people comparing Otsego Township with their own town. No commission, no listing fee.
Questions about buying a home in Otsego Township
What do homes sell for in Otsego Township, MI?
112 homes sold in the year to September 2026 at a typical $264K, $173 a square foot.
Is Otsego Township a buyer’s or seller’s market?
A seller’s market: 19 homes were for sale in September 2026 and 12 sold, about 1.5 months of supply. Buyers paid 98% of asking on average.
When is the best time to buy in Otsego Township?
September brings the most new listings. The sales history shows which months have fewer bidding wars.
How much are property taxes in Otsego Township?
About 1.1% of a home’s value a year. On a $264K home that’s near $2,830.
Where can I see homes for sale in Otsego Township?
Zillow, Redfin, Realtor.com and Homes.com all carry Otsego Township’s MLS listings; the search links above open each one filtered to Otsego Township.
Sales, prices, days on market and listings: Redfin Data Center (MLS, monthly, not seasonally adjusted; for ZIP 49078, which takes in Otsego Township and the area around it (each month is a 3-month rolling window, its counts divided by 3)). Property tax rate: Census American Community Survey. Two-bedroom rent: HUD Fair Market Rent. Typical home value: Zillow Home Value Index. Schools grade: TownRatings (how grades work).