Otsego County Housing Market Report March 2025•Otsego County, New York

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Housing Prices in Otsego County, NY

How much do homes in Otsego County, NY cost?

Housing Market Conditions

Is Otsego County, NY a buyer’s or seller’s market?

Housing Market Conditions

This is the supply and demand for houses in an area based on home prices and trends.

Buyer’s Market

A buyer’s market occurs when the number of available properties for sale exceeds the number of buyers looking to purchase. In a buyer’s market, the supply exceeds the demand.

Neutral Market

A neutral market occurs when the number of buyers looking to purchase properties meets the number of available properties for sale. In a balanced market, there are enough homes to meet the demand.

Seller’s Market

A seller’s market occurs when there are more buyers looking to purchase properties than there are available homes on the market. In a seller’s market, the demand exceeds the supply.

Seller'sMarket

Buyer'sMarket

Otsego County is a Seller's Market

Difference Since March 2024

At the same time last year, Otsego County was a Buyer's Market.

Insight

Otsego County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Median Sold Price

Median Sold Price
This is the middle price for which all homes in the area were sold. Half of all the homes sold were below this price, and half were above.
$210,000$129/SqFt
+$7,436
+3.7%

Based on all homes sold in the last 12 months

Insight

Homes in Otsego County have sold for 3.7% more than they did a year ago.

Summary: The median home sold price in Otsego County was $210,000 in March 2025, up 3.7% from last year, and the median price per square foot was $129.

Median Sold Price By Counties

Median Sold Price By Counties
This is the middle price for which all homes in the area were sold compared to surrounding cities. Half of all the homes sold were below this price, and half were above.
CityChange YoY
Madison County
+15.6%
Chenango County
+12.0%
Delaware County
+10.6%
Schoharie County
+4.7%
Otsego County
+3.7%

Median Sold Price By Bedrooms

Median Sold Price By Bedrooms
This is the middle price for all homes actively listed in an area broken out by the number of bedrooms. Half of the homes are listed below this price, and half are above.
BedsMar 2024Mar 2025Change YoY
1$154.2K$135K
-12.5%
2$176.5K$175K
-0.8%
3$199K$200K
0.5%
4$224K$265K
+18.3%
5$261.5K$250K
-4.4%

Summary: Otsego County housing price by bedroom type for March 2025, compared to the previous year. The home price for 1 bedroom homes decreased by -12.5%. The home price for 2 bedroom homes decreased by -0.8%. The home price for 3 bedroom homes increased by 0.5%. The home price for 4 bedroom homes increased by +18.3%. The home price for 5 bedroom homes decreased by -4.4%.

How does Otsego County, NY compare with other places?

Market comparison tool

Data and numbers shown are subject to change and may vary based on different timeframes.

Otsego County, NY

Housing supply in Otsego County, NY

How many homes are available in Otsego County, NY?

Number of Homes For Sale

Number of Homes For Sale
This is the total number of homes actively listed in an area.
Last Month2 months agoChange MoM
178Last MonthMar 2025
1762 months agoFeb 2025
+1.1 %
Change MoMFeb – Mar

Summary: The Otsego County real estate market had 178 homes for sale in Mar 2025, a 1.1 % increase compared to Feb 2025.

Number of Homes Sold

Number of Homes Sold
This is the total number of both homes sold and pending in an area.
Last Month2 months agoChange MoM
30Last MonthMar 2025
252 months agoFeb 2025
+20.0 %
Change MoMFeb – Mar

Homes For Sale By Bedroom Count

Homes For Sale By Bedroom Count
This is the total number of homes actively listed in an area by number of bedrooms.
BedsFeb 2025Mar 2025Change MoM
155
0.0%
22022
+10.0%
37372
-1.4%
43432
-5.9%
54447
+6.8%

Summary: Otsego County housing inventory by bedroom type for March 2025, compared to the previous month. The inventory for 1 bedroom homes remained the same. The inventory for 2 bedroom homes increased by +10.0%. The inventory for 3 bedroom homes decreased by -1.4%. The inventory for 4 bedroom homes decreased by -5.9%. The inventory for 5 bedroom homes increased by +6.8%.

Asking Price vs. Sold Price

How much do homes in Otsego County, NY cost?

Asking Price vs. Sold Price

The asking price is how much a home is listed for. The selling price is how much the home actually sold for.

Under Asking

Homes that sold for less than the asking price

At Asking

Homes that sold at their asking price

Over Asking

Homes that sold above the asking price

Over Asking Price6 Homes

At Asking Price6 Homes

Under Asking Price18 Homes

Insight

If you're buying a home in Otsego County, you may be able to get a good deal. 60% of homes here sold below asking price last month.

Summary: A total of 30 homes were sold or pending in Otsego County in March 2025, up by 20.0% month-over-month. Of the 30 sold homes, 60% were sold under asking, 20% were sold at asking, and and 20% were sold over asking.

Days on Market for Otsego County, NY

How long does it take to sell a home in Otsego County, NY?

Breakdown of Home Sale Times

Under 30 Days12 Homes

30 – 90 Days9 Homes

Over 90 Days9 Homes

Insight

Many homes in Otsego County are selling fast, if you're buying plan to act quickly.

Summary: During March 2025, 30 homes were sold in Otsego County; 40% of homes were sold within 30 days, 30% of homes were sold within 30 to 90 days, and 30% of homes were sold over 90 days.

Average Sale Time

Average Sale Time
This is the average number of days homes take to sell in an area.
This Year1 year agoChange YoY
66 DaysThis YearMar 2025
85 Days1 year agoMar 2024
-21.8 %
Change YoYMar 2024 – Mar 2025

Summary: Homes in Otsego County had an average listing age of 66 days in Mar 2025, down by 21.8% compared to the previous year.

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Newest Listings in Otsego County, NY

What homes are available in Otsego County, NY?

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MLS Disclaimers and Copyright

Based on information from New York State Alliance of MLS, Global MLS, OneKey MLS, and Hudson Valley Catskill Region MLS for the period 04/01/2023 - 04/01/2025

IDXThe data relating to real estate on this website comes in part from the Internet Data Exchange (IDX) Program of NYSAMLS’s. Real estate listings held by other firms are marked with theListing Broker’s Firm Name. Data provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties that 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 listing broker(s) nor this firm shall be responsible for any typographical errors, misinformation, misprints, and shall be held totally
harmless.

© 2025 CNYIS, UNYREIS, WNYREIS. All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.

This advertisement does not suggest that the broker has a listing in this property or properties or that any property is currently available.
Last updated on: 4/28/2025, 8:20:50 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
IDX The data relating to real estate on this website comes in part from the Internet Data Exchange program of the Global MLS (GMLS). All information is deemed reliable but not guaranteed and should be independently verified. All properties subject to prior sale, change, or withdrawal. Neither listing broker(s), GMLS shall be responsible for any typographical errors, misinformation, or misprints, and shall be held totally harmless from any damages arising from reliance upon these data. 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 they may be interested in purchasing.

Copyright © 2025 Global Multiple Listing Service, Inc. All Rights Reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.

This advertisement does not suggest that the broker has a listing in this property or properties or that any property is currently available.
Last updated on: 4/28/2025, 8:20:55 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
IDX Listings courtesy of OneKey MLS as distributed by MLS GRID.

All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Properties displayed may be listed or sold by various participants in the MLS.

IDXThe data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the OneKey™ MLS. Real Estate listings held by brokerage firms other than this broker are marked with the Broker Reciprocity logo and detailed information about them includes the name of the listing brokers. This 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 source of the displayed data is either the property owner or public record provided by non-governmental third parties. It is believed to be reliable but not guaranteed.

Information Copyright 2025, OneKey™ MLS. All Rights Reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.

This advertisement does not suggest that the broker has a listing in this property or properties or that any property is currently available.
Last updated on: 4/26/2025, 8:12:20 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
IDX Copyright © 2025 Hudson Valley Catskill Region MLS. All rights reserved. Real estate listings of brokerage firms other than Hudson Valley Catskill Region MLS are marked with the IDX logo and the detailed information about them includes the listing broker's name. This 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. All information provided is deemed reliable but is not guaranteed and should be independently verified.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.

This advertisement does not suggest that the broker has a listing in this property or properties or that any property is currently available.
Last updated on: 4/28/2025, 8:15:56 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.