New - 1 day on Rocket
$5,136 Closing Credit¹
#201833406, Aaron Raymond, Listing Office: Century 21 Realty North Grayling
Otsego County Housing Market Report January 2025•Otsego County, Michigan
Housing Prices in Otsego County, MI
How much do homes in Otsego County, MI cost?
Housing Market Conditions
Is Otsego County, MI a buyer’s or seller’s market?
Seller'sMarket
Buyer'sMarket
Otsego County is a Neutral Market
Difference Since January 2024
At the same time last year, Otsego County was a Seller's Market.
Insight
Otsego County is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Median Sold Price
$270,000$140/SqFt
+$25,033
+10.2%
Based on all homes sold in the last 12 months
Insight
Homes in Otsego County have sold for 10.2% more than they did a year ago.
Summary: The median home sold price in Otsego County was $270,000 in January 2025, up 10.2% from last year, and the median price per square foot was $140.
Median Sold Price By Counties
| City | Jan 2024 | Jan 2025 | Change YoY |
|---|---|---|---|
| Cheboygan County | $224.7K | $261.3K | +16.3% |
| Montmorency County | $155K | $180K | +16.1% |
| Antrim County | $276.2K | $320K | +15.8% |
| Otsego County | $244.9K | $270K | +10.2% |
| Crawford County | $195K | $180K | -7.7% |
Median Sold Price By Bedrooms
| Beds | Jan 2024 | Jan 2025 | Change YoY |
|---|---|---|---|
| 11 Bedroom | $67.5K | $150K | +122.2% |
| 22 Bedrooms | $192.7K | $210K | +8.9% |
| 33 Bedrooms | $245K | $265K | +8.2% |
| 44 Bedrooms | $298.5K | $356.1K | +19.3% |
| 55+ Bedrooms | $300K | $399K | +33.0% |
Summary: Otsego County housing price by bedroom type for January 2025, compared to the previous year. The home price for 1 bedroom homes increased by +122.2%. The home price for 2 bedroom homes increased by +8.9%. The home price for 3 bedroom homes increased by +8.2%. The home price for 4 bedroom homes increased by +19.3%. The home price for 5 bedroom homes increased by +33.0%.
Housing supply in Otsego County, MI
How many homes are available in Otsego County, MI?
Number of Homes For Sale
| Last Month | 2 months ago | Change MoM |
|---|---|---|
| 121Last MonthJan 2025 | ||
| 1232 months agoDec 2024 | -1.6 % Change MoMDec – Jan |
Summary: The Otsego County real estate market had 121 homes for sale in Jan 2025, a 1.6 % decrease compared to Dec 2024.
Number of Homes Sold
| Last Month | 2 months ago | Change MoM |
|---|---|---|
| 18Last MonthJan 2025 | ||
| 232 months agoDec 2024 | -21.7 % Change MoMDec – Jan |
Homes For Sale By Bedroom Count
| Beds | Dec 2024 | Jan 2025 | Change MoM |
|---|---|---|---|
| 11 Bedroom | 2 | 4 | +100.0% |
| 22 Bedrooms | 20 | 21 | +5.0% |
| 33 Bedrooms | 68 | 63 | -7.4% |
| 44 Bedrooms | 22 | 20 | -9.1% |
| 55+ Bedrooms | 11 | 13 | +18.2% |
Summary: Otsego County housing inventory by bedroom type for January 2025, compared to the previous month. The inventory for 1 bedroom homes increased by +100.0%. The inventory for 2 bedroom homes increased by +5.0%. The inventory for 3 bedroom homes decreased by -7.4%. The inventory for 4 bedroom homes decreased by -9.1%. The inventory for 5 bedroom homes increased by +18.2%.
Asking Price vs. Sold Price
How much do homes in Otsego County, MI cost?
Over Asking Price0 Home
At Asking Price2 Homes
Under Asking Price16 Homes
Insight
If you're buying a home in Otsego County, you may be able to get a good deal. 88.9% of homes here sold below asking price last month.
Summary: A total of 18 homes were sold or pending in Otsego County in January 2025, down by 21.7% month-over-month. Of the 18 sold homes, 89% were sold under asking, 11% were sold at asking, and and 0% were sold over asking.
Days on Market for Otsego County, MI
How long does it take to sell a home in Otsego County, MI?
Breakdown of Home Sale Times
Under 30 Days0 Home
30 – 90 Days0 Home
Over 90 Days2 Homes
Insight
Most homes in Otsego County are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During January 2025, 18 homes were sold in Otsego County; 0% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.
Average Sale Time
| This Year | 1 year ago | Change YoY |
|---|---|---|
| 116 DaysThis YearJan 2025 | ||
| 33 Days1 year agoJan 2024 | +248.0 % Change YoYJan 2024 – Jan 2025 |
Summary: Homes in Otsego County had an average listing age of 116 days in Jan 2025, up by 248.0% compared to the previous year.
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Newest Listings in Otsego County, MI
What homes are available in Otsego County, MI?
New - 2 days on Rocket
#201833408, Jennifer Hamilton, Listing Office: Keller Williams Northern Michigan
New - 2 days on Rocket
#20250010812, Randy Miller, Jennifer L Miller, Listing Office: RE/MAX Eclipse Clarkston
New - 6 days on RocketBackup offers
$4,738 Closing Credit¹
#201833367, Lesa B Jarski, Listing Office: smith realty GROUP
#201833342, TEAM SHERI, Listing Office: COLDWELL BANKER SCHMIDT GAYLORD
#201833323, Team Boyden, Listing Office: Real Estate One of Gaylord
$3,266 Closing Credit¹
#201833333, Catherine Callahan, Listing Office: Alpine Realty Group-Gaylord
Backup offers
$4,038 Closing Credit¹
#201833311, Donna S Stubenvoll, Listing Office: Real Estate One of Gaylord
Backup offers
$2,458 Closing Credit¹
#201833310, SOLD ON MICHIGAN TEAM Nancy, Leslie, Kaycie, Kinsey & Troy, Listing Office: smith realty GROUP
$7,124 Closing Credit¹
#1930695, Kimberly Kamrow, Listing Office: Keller Williams Northern Michi
#475759, Richard Lobenherz, Listing Office: Berkshire Hathaway HomeServices Real Estate
Backup offers
$1,780 Closing Credit¹
#201833288, Connie L Madej, Listing Office: The TEAM Real Estate Group
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MLS Disclaimers and Copyright
Based on information from Water Wonderland MLS Inc., Northern Michigan MLS, Northern Great Lakes Realtors MLS, RealComp II Ltd., and Michigan Regional Information Center LLC for the period 02/01/2023 - 02/01/2025
© 2025 Water Wonderland MLS, Inc © All rights reserved. The data relating to real estate on this web site comes in part from the Internet Data Exchange Program of the Water Wonderland MLS (WWLX). Real estate listings held by brokerage firms other than this broker are marked with the WWLX logo and the detailed information about said listing includes the listing office.The listings displayed come from various Water Wonderland Board of REALTORS® member offices who have chosen to participate in WWBR. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither the site hosting broker(s), nor the listing broker or Water Wonderland Board of REALTORS® shall be responsible for any typographical errors, misinformation, misprints, and shall be held totally harmless.Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 2/21/2025, 12:20:51 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
The data relating to real estate on this web site comes in part from the Internet Data Exchange Program of the Northern Michigan MLS (NM-MLS). The listings displayed come from various NM-MLS. member offices who have chosen to participate in NM-MLSX IDX, the detailed information The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing about said listings includes the listing office information. All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither the site hosting broker(s), nor the listing broker or NM-MLS, or this broker shall be responsible for any typographical errors, misinformation, misprints, and shall be held totally harmless. © 2025 NM-MLS. All rights reservedData displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 2/21/2025, 12:20:49 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Copyright © 2025 Northern Great Lakes REALTORS® MLS™ All Rights Reserved. IDX 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. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 2/21/2025, 12:20:51 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 2/21/2025, 12:20:51 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Disclaimer: The data relating to real estate on this web site comes in part from the IDX of Realcomp II Ltd. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. IDX information is provided exclusively for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Any use of search facilities of data on the site, other than by a consumer looking to purchase real estate, is prohibited.
IDX provided courtesy of Realcomp II Ltd. Copyright © 2025 Realcomp II Ltd. Shareholders. All rights reserved. Originating MLS shown with each listing detail.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 2/21/2025, 12:20:57 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Disclaimer: Information deemed reliable, but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor this broker shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The data relating to real estate for sale on this website comes in part from the Broker Reciprocity Program of MichRIC, LLC. Real estate listings held by brokerage firms other than this broker are marked with the BR logo and detailed information includes the name of the listing broker. Copyright 2025 Grand Rapids Association of REALTORS® / Copyright © MichRIC, LLC. / MLS Exchange Inc. All rights reserved.Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 2/21/2025, 12:20:57 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.