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Foreclosure Homes in Otsego, MN 55330

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Otsego, MN Foreclosures

How much do homes sell for in Otsego, MN?
The average home price is currently $406,764.
In Otsego, MN, how many homes are available?
There are currently 20 active home listings available in Otsego.
What’s the average rental cost in Otsego, MN?
The average rental price in Otsego is $1,568.
What is the most expensive home in Otsego?
The most expensive home sold in Otsego had a price of $5,843,766.
What is currently the cheapest priced home in Otsego, MN?
The cheapest home for sale in Otsego is priced at $24,171.

Living in Otsego, MN

Otsego, MN is a vibrant and growing suburban community situated along the Mississippi River. This family-friendly area boasts numerous parks, trails, and recreational activities while providing easy access to the Twin Cities via Interstate 94. Excellent educational opportunities and a welcoming atmosphere make Otsego a desirable place to live.

Current Market Conditions in Otsego, MN

The real estate market in Otsego is currently experiencing a surge, with home prices steadily increasing. The demand for housing has risen due to the city's desirable location and amenities, attracting new families and professionals. Investors are showing interest in new developments, suggesting a flourishing market as the area continues to grow.

Detached single-family homes are the most popular housing type in Otsego, characterized by spacious lots and family-friendly layouts. The city’s real estate market has been marked by a shortage of inventory, which has kept properties selling quickly, often above asking price.

Home Value Estimator For Otsego, MN

There are currently 5,980 real estate properties in Otsego, MN, with a median automated valuation model (AVM) price of $401,964.00. 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, MN, 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, MN, is $406,764.00, with the most expensive house in Otsego, MN, topping out at $5,843,766.00 and the cheapest home in Otsego, MN, clocking in at $24,171.00. In other words, there’s something for every potential homebuyer or savvy investor in Otsego, MN!

Rent Prices In Otsego, MN

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Otsego, MN, is on a rollercoaster ride. The average rent price in Otsego, MN, is $1,568.00. Indeed, when looking to rent in Otsego, MN, you can expect to pay as little as $700.00 or as much as $3,770.00, with the average rent median estimated to be $1,550.00. The good news is that finding an affordable and desirable property to rent in Otsego, MN -- 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, MN 55330 Foreclosures

Market Trend for Otsego, MN

Total Listings Available: 20

Market Values:

Home Prices from $24,171 to $5,843,766

Average Sales Price: $406,764

Rental Values:

Rental from $700 to $3,770

Average Rent Value: $1,568 / month

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