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Short Sale Listings in Otsego, MI

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Otsego, MI Foreclosures

How much do homes sell for in Otsego, MI?
The average home price is currently $275,775.
In Otsego, MI, how many homes are available?
There are currently 12 active home listings available in Otsego.
What’s the average rental cost in Otsego, MI?
The average rental price in Otsego is $1,420.
What is the most expensive home in Otsego?
The most expensive home sold in Otsego had a price of $2,718,675.
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, MI is a charming city known for its close-knit community and beautiful natural surroundings. With access to parks and outdoor activities, it’s ideal for families and individuals alike. The city also boasts a good school system and offers various local amenities and services.

Current Market Conditions in Otsego, MI

The real estate market in Otsego has seen a steady increase in demand over the past few years. Home values are appreciating, and the environment remains competitive, particularly among first-time buyers looking for starter homes in a suburban setting.

Otsego benefits from its proximity to larger cities, which has attracted more residents seeking affordable housing options without sacrificing the benefits of a small-town atmosphere.

Home Value Estimator For Otsego, MI

There are currently 3,292 real estate properties in Otsego, MI, with a median automated valuation model (AVM) price of $250,585.00. 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 $275,775.00, with the most expensive house in Otsego, MI, topping out at $2,718,675.00 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 $1,420.00. 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 Short Sale Listings

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