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Foreclosure Homes in Otsego, MI 49078

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Otsego, MI Foreclosures

How much do homes sell for in Otsego, MI?
The average home price is currently $271,657.
In Otsego, MI, how many homes are available?
There are currently 15 active home listings available in Otsego.
What’s the average rental cost in Otsego, MI?
The average rental price in Otsego is $1,419.
What is the most expensive home in Otsego?
The most expensive home sold in Otsego had a price of $2,674,817.
What is currently the cheapest priced home in Otsego, MI?
The cheapest home for sale in Otsego is priced at $14,837.

Living in Otsego, MI

Otsego, Michigan, is a quaint town perfect for those seeking a serene lifestyle surrounded by nature. With its friendly community, local amenities, and easy access to outdoor activities, Otsego is a hidden gem in southwestern Michigan. The town offers a variety of housing options, making it ideal for families or those looking to escape the hustle and bustle of city life.

Current Market Conditions in Otsego, MI

The current real estate market in Otsego is characterized by a strong demand, with home prices steadily increasing over the past year. The market remains competitive, with many properties receiving multiple offers, indicating a solid interest in home purchases.

Local real estate trends show that homebuyers are increasingly drawn to Otsego due to its affordability compared to adjacent cities. As more individuals seek a quieter lifestyle away from larger metropolitan areas, the market is expected to continue thriving.

Home Value Estimator For Otsego, MI

There are currently 3,306 real estate properties in Otsego, MI, with a median automated valuation model (AVM) price of $247,401.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Otsego, MI, 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 Otsego, MI, is $271,657.00, with the most expensive house in Otsego, MI, topping out at $2,674,817.00 and the cheapest home in Otsego, MI, clocking in at $14,837.00. In other words, there’s something for every potential homebuyer or savvy investor in Otsego, MI!

Rent Prices In Otsego, MI

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Otsego, MI, is on a rollercoaster ride. The average rent price in Otsego, MI, is $1,419.00. Indeed, when looking to rent in Otsego, MI, you can expect to pay as little as $670.00 or as much as $3,000.00, with the average rent median estimated to be $1,400.00. The good news is that finding an affordable and desirable property to rent in Otsego, MI -- 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.

Otsego, MI 49078 Foreclosures

Market Trend for Otsego, MI

Total Listings Available: 15

Market Values:

Home Prices from $14,837 to $2,674,817

Average Sales Price: $271,657

Rental Values:

Rental from $670 to $3,000

Average Rent Value: $1,419 / month

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