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Otsego Market Trends

Today, November 10, 2009

Median Sales Price in Otsego

Embed Info
1 yr 5 yr Max
Otsego median sales prices
Number of sold homes in Otsego
No. BedroomsAug - Oct '09y-o-y3 months prior1 year prior5 years prior
1 bedroom-----
2 bedrooms$135,000-3.6%$98,250$140,000$160,850
3 bedrooms$189,900-3.1%$157,800$196,000$267,062
4 bedrooms$209,600-20.9%$218,750$265,000$236,000
All properties$160,000-11.6%$154,750$180,912$217,000
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Otsego Summary

The median sales price for homes in Otsego MN for Aug 09 to Oct 09 was $160,000. This represents an increase of 3.4%, or $5,250, compared to the prior quarter and a decrease of 11.6% compared to the prior year. Sales prices have depreciated 26.3% over the last 5 years in Otsego.

The average listing price for Otsego homes for sale on Trulia was $209,066 for the week ending Nov 04, which represents an increase of 11.7%, or $21,873, compared to the prior week and an increase of 12.6%, or $23,430, compared to the week ending Oct 14. Average price per square foot for Otsego MN was $140, a decrease of 8.5% compared to the same period last year.

 

Average Listing Price in Otsego

Embed Info
1 yr 5 yr Max
Otsego average property price
Otsego – number of properties
No. BedroomsWeek ending
Nov 4
w-o-wWeek ending
Oct 28
Week ending
Oct 21
Week ending
Oct 14
1 bedroom-----
2 bedrooms$124,252-0.2%$124,458$122,197$120,180
3 bedrooms$182,574+1.9%$179,100$177,044$158,614
4 bedrooms$268,039+4.3%$256,933$260,278$275,545
All properties$209,066+11.7%$187,193$184,801$185,636
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Average Price Per Sqft for Homes in Otsego

Embed Info
1 yr 5 yr Max
Otsego average price per square foot
No. BedroomsAug - Oct '09y-o-y3 months prior1 year prior5 years prior
1 bedroom-----
2 bedrooms$114-9.5%$118$126$228
3 bedrooms$160-1.2%$137$162$603
4 bedrooms$179-3.8%$181$186$243
All properties$140-8.5%$136$153$388
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Homes for Sale in Otsego

8020 Parell Avenue NE, Otsego MN
8020 Parell…
$249,900
4 br  3 ba
7663 Palisades Avenue NE, Otsego MN
7663 Palis…
$162,000
4 br  2 ½ ba
8158 Needham Avenue NE, Otsego MN
8158 Needh…
$80,000
2 br  2 ba
8038 Packard Avenue NE, Otsego MN
8038 Packa…
$69,900
 
7791 Palomino Avenue NE, Otsego MN
7791 Palom…
$174,900
3 br  2 ½ ba
15241 81st Street Northeast, Otsego MN
15241 81st…
$289,900
4 br  3 ba
View all Otsego Homes for Sale
 
Stats & Trends
Otsego

Real Estate Overview

Market Trends

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Community Info

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  • 55301
  • 55330
  • 55362
  • 55374
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Nearby Cities

Cities
Median
sales price
Average
listing price
Albertville
$155,000
$190,757
Saint Michael
$172,900
$252,352
Hanover
$255,000
$312,175
Rogers
$235,000
$317,441
Elk River
$168,725
$225,065
Big Lake
$145,000
$237,614
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Advice & Opinions

Recent Q&A in Otsego, MN

Q: I am desperate! I am doing a waiting to get a PA on a short sale. The bank already did a BTO and I just got 4 answers
Q: I have foreclosed 2 yrs ago. Have a good job. I need a home now . How can I get one? 9 answers
Q: Can someone recommend a builder who wants to rent a single town home with option to buy or know of a rent to own house in Elk River? 2 answers
Q: With all the foreclosed houses in Elk River, how come they bank is not renting their properties. I see on TV other States and cities are doing it. 2 answers
Q: Is Bank of America obligated to look at the short sale offer we offered on 05/29/08? Seller accepted our 9 answers

Got a real estate question? 

More Advice & Opinions:
  • Recent Q&A in Otsego, MN
  • Recent blog posts in Otsego, MN
  • Find a real estate professional Otsego, MN

Nearby Cities Real Estate

  • Albertville Real Estate
  • Saint Michael Real Estate
  • Hanover Real Estate
  • Rogers Real Estate
  • Elk River Real Estate
  • Burns Township Real Estate

Nearby Cities Sold Homes

  • Albertville Sold Homes
  • Saint Michael Sold Homes
  • Hanover Sold Homes
  • Rogers Sold Homes
  • Elk River Sold Homes
  • Burns Township Sold Homes

Nearby Cities Home Prices

  • Albertville Home Prices
  • Saint Michael Home Prices
  • Hanover Home Prices
  • Rogers Home Prices
  • Elk River Home Prices
  • Burns Township Home Prices

Otsego Stats & Trends

  • Otsego Real Estate Overview
  • Otsego Schools
  • Otsego Community Info
  • Otsego Home Prices
  • Otsego Real Estate
  • Otsego Recently Sold Homes

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Our real estate market trends page gives you a valuable overview of the Otsego real estate market. Find Otsego properties, sales statistics, real estate price trends, and real estate market activity. Find detailed information on Otsego average and median listing prices, home value trends, and average price per square feet information for single family homes, condos, and other property types. Real estate market data is segmented by the number of bedrooms and Otsego housing statistics are available for each Otsego, MN neighborhood.
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About this Info
Average Listing Price for the most recent week available is based on daily list price data for resale and new homes on Trulia and is compared to the same period one week prior.

Volume for All Bedrooms may be higher than the total volume for 1-4 Bedrooms. All Bedrooms includes not only 1-4 Bedrooms but also 5+ Bedrooms and records where the number of bedrooms is unknown.

 
   
About this Info
Average Sales Price is based on sales during the most recent 90-day period available and is updated each week to include recent transactions from public record data sources.

Number of Sales is a count of all known arms-length residential property sales over the prior 90-day period. Volume for All Bedrooms may be higher than the total volume for 1-4 Bedrooms. All Bedrooms includes not only 1-4 Bedrooms but also 5+ Bedrooms and records where the number of bedrooms is unknown.

 
   
About this Info
Median Sales Price is the price at which one half of the homes sold above that amount and one half of the homes sold below that amount. Median Sales Price is based on sales during the most recent 90-day period available and is updated each week to include recent transactions from public record data sources.

Number of Sales is a count of all known arms-length residential property sales over the prior 90-day period. Volume for All Bedrooms may be higher than the total volume for 1-4 Bedrooms. All Bedrooms includes not only 1-4 Bedrooms but also 5+ Bedrooms and records where the number of bedrooms is unknown.

 
   
About this Info
Average Price per Square Foot is based on sales during the most recent 90-day period available and is updated each week to include recent transactions from public record data sources.