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Short Sale Listings in Otego, NY

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Otego, NY Foreclosures

How much do homes sell for in Otego, NY?
The average home price is currently $211,918.
In Otego, NY, how many homes are available?
There are currently 2 active home listings available in Otego.
What’s the average rental cost in Otego, NY?
The average rental price in Otego is $1,078.
What is the most expensive home in Otego?
The most expensive home sold in Otego had a price of $1,179,505.
What is currently the cheapest priced home in Otego, NY?
The cheapest home for sale in Otego is priced at $10,594.

Living in Otego, NY

OTEGO, NY is a tranquil town nestled in the heart of upstate New York, offering stunning natural beauty and a supportive community. It features a variety of local amenities, schools, and recreational activities, making it perfect for families and nature lovers alike.

Current Market Conditions in Otego, NY

Real estate in OTEGO has remained relatively stable, with a slight increase in home prices over the past year. The market is favorable for buyers looking for affordable options in a peaceful rural environment. Inventory has been low, driving competition among potential buyers, particularly for well-priced homes.

Current trends indicate a growing interest in OTEGO from both out-of-state buyers seeking more affordable housing and local investments aiming for rental properties. This shift is encouraging for current homeowners looking to sell, as demand is rising.

Home Value Estimator For Otego, NY

There are currently 1,422 real estate properties in Otego, NY, with a median automated valuation model (AVM) price of $194,568.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Otego, NY, based on current market trends, comparable real estate sales nearby, historical data and, of course, property features, among other variables. These automated home estimates are often very helpful, providing buyers and sellers with a better idea of a home’s value ahead of the negotiation process. For example, the average home price in Otego, NY, is $211,918.00, with the most expensive house in Otego, NY, topping out at $1,179,505.00 and the cheapest home in Otego, NY, clocking in at $10,594.00. In other words, there’s something for every potential homebuyer or savvy investor in Otego, NY!

Rent Prices In Otego, NY

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Otego, NY, is on a rollercoaster ride. The average rent price in Otego, NY, is $1,078.00. Indeed, when looking to rent in Otego, NY, you can expect to pay as little as $580.00 or as much as $2,000.00, with the average rent median estimated to be $1,060.00. The good news is that finding an affordable and desirable property to rent in Otego, NY -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.

Otego, NY Short Sale Listings

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