64 homes sold in Otsego in the last year, at a typical $228K
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 homes are listed.
Every place Otsego 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.
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 92% of Otsego’s sales, at a typical $228K
64 homes sold in the year to May 2026.
typical sale · 59 sold in 12 months
- Per square foot
- $163MI $172
- Days to sell
- 19
- Sold over asking
- 31%
- Listings with a price cut
- 51%
Multi-family (2–4 units): 4 sold, typical $211K
Condos: 1 sold, typical $225K
Too few sales in 12 months for reliable figures.
About as many homes sell as usual, at 2.2 times the 2016 price
64 sales in the last year, against 84 in 2018 and a low of 48 in 2014. The typical sale went from $106K in 2016 to $228K.
Source: Redfin Data Center, MLS sales. Typical price and $/sq ft are the monthly medians, weighted by sales.
What $250K buys in Otsego
Check a listing against what Otsego 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 are back to pre-pandemic levels, but half fewer homes come up for sale
We read every month of Otsego’s home sales 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 May 2026, 64 sales.
If you’re buying in Otsego
- Shop in July. It brings about 8 new listings a month, close to the busiest month, with fewer bidding wars (29% over asking).
- You can negotiate. 46% of listings have cut their price, against 36% before the pandemic.
- Bid near asking. Buyers paid 98.4% of the list price on average; 30% paid over.
- Move fast on good ones. Half of homes are under contract within two weeks.
Summer brings both the most homes and the most bidding wars
August has the most new listings (about 9 a month), but June is the most competitive: 44% of June sales close over asking. July offers nearly as much choice with fewer homes bid up (29%). February has the least competition (25%) but only about 4 new listings.
Averages for each calendar month, 2015 on.
Calmer than the 2021 frenzy, and about like Michigan as a whole
| Otsego now | 2017–19 | 2021 peak | MI now | |
|---|---|---|---|---|
| Sold over askingShare of sales that closed above the list price | 30% | 31% | 51% | 31% |
| Gone within two weeksShare of homes under contract within 14 days | 53% | 23% | 50% | 43% |
| Listings with a price cutShare of homes for sale that cut their price | 46% | 36% | 33% | 28% |
| Price paid vs. askingAverage sale price ÷ list price | 98.4% | 99% | 102.7% | 98.4% |
| Days to sellMedian days from listing to contract | 19 | 23 | 16 | 33 |
5 homes for sale on a typical day
That’s 1.3 times the 2022 low (4), 51% fewer than in 2017–19 and well under 2015’s 25.
1 in 2 listings has cut its price
46% in the last year, against 36% in 2017–19 and 28% across Michigan. More sellers are pricing high and coming down.
Otsego ranks 123rd of 194 busy Michigan markets for bidding wars
Share of sales over asking in the last year, among towns with 60 or more sales. Otsego is in the middle of the pack.
Source: Redfin Data Center, city market tracker, January 2012 to May 2026 (MLS sales, not seasonally adjusted). Ratios are weighted by homes sold; price cuts by homes for sale.
Owning the typical Otsego home costs about $1,462 a month
Price: Otsego’s typical sale, last 12 months. Property tax at Otsego’s 1.4% (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 is affordable on local pay is on Cost of living.
Six things worth knowing
New listings in August
The month with the most choice. December has the fewest, about 4.
Best time to buyProperty tax, a year
Of a home’s value: the median bill over the median home value. On a $228K home, about $3,280 a year.
Taxes vs. neighborsSchools
The schools grade for Otsego, from test results, graduation and how much students grow.
Schools in OtsegoCheck 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.
No busy market nearby sells for less a square foot
The busier markets within 25 miles of Otsego, 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 | 133 | $239K | $169 | 41% | 17 |
| Eastwood | 95 | $171K | $152 | 26% | 21 |
| Allegan | 78 | $229K | $154 | 32% | 22 |
| Otsego | 64 | $228K | $155 | 30% | 19 |
| Comstock Northwest | 59 | $278K | $166 | 29% | 28 |
| Plainwell | 39 | $242K | $154 | 31% | 29 |
| Parchment | 33 | $225K | $157 | 24% | 447 |
Redfin Data Center, June 2025 to May 2026. Towns with fewer than 20 sales are left out, and Redfin doesn’t report every town separately.
Post your home to Otsego, free
Selling it yourself, renting out an apartment or looking for a roommate? Post it to Otsego. People who follow the town see it, and so do people comparing Otsego with their own town. No commission, no listing fee.
Questions about buying a home in Otsego
What do homes sell for in Otsego, MI?
64 homes sold in the year to May 2026 at a typical $228K, $155 a square foot.
Is Otsego a buyer’s or seller’s market?
A seller’s market: 5 homes were for sale in May 2026 and 4 sold, about 1.3 months of supply. Buyers paid 98.4% of asking on average, and 46% of listings cut their price.
When is the best time to buy in Otsego?
August brings the most new listings. The sales history shows which months have fewer bidding wars.
How much are property taxes in Otsego?
About 1.4% of a home’s value a year. On a $228K home that’s near $3,280.
Where can I see homes for sale in Otsego?
Zillow, Redfin, Realtor.com and Homes.com all carry Otsego’s MLS listings; the search links above open each one filtered to Otsego.
Sales, prices, days on market and listings: Redfin Data Center (MLS, monthly, not seasonally adjusted). 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).