Otter Lake, MI Home Values & Market Trends
Real estate market trends reflect that there have been 48 transactions over the past year in Otter Lake. The median value for residential home transactions that occurred over the previous year is $271,646. The number of current listings in Otter Lake is 52, and the percentage of properties for sale in the city is 52.00%. Otter Lake, MI currently has 3 properties in foreclosure, 0 bank owned properties, 3 properties headed for auction, and 52 properties for sale.
Otter Lake, MI Real Estate Market Overview
| Zip | Median Est. Value |
|---|---|
| 48464 | $ 271,646 $ 178/sqft |
Housing Market Summary for Otter Lake, MI
| Sep 2025 | September 2026 | Change | |
|---|---|---|---|
| Median Listing Price | $246K | $238K | -3.25% |
| Median Sold Price | $260.4K | $130K | -50.08% |
| Homes For Sale | 42 | 52 | 23.81% |
| Homes Sold | 30 | 15 | -50.00% |
Price Per Square Foot
On an average, Single Family homes cost $33 more per sqft than Condos. In comparison with sales price/sqft last week, list price/sqft of Single Family homes increased by 1.93% whereas, list price/sqft of Condos increased by 9.38%.
Recently Sold Homes
Explore recent offers and recently sold homes in Otter Lake, MI
Browse Homes in Otter Lake, MI
Otter Lake home values range from $53,395 to $791,630. The median estimated value of a home in Otter Lake is $271,646. The median list price of a home is 245,999, and the total count of properties in the city is 72.
- Pre-ForeclosurePre-foreclosure homes account for 0% of all residential properties in Otter Lake, MI with $[pre-foreclosures-highest-count-region] containing 0 pre-foreclosures, the highest number of pre-foreclosure properties in a single zip. There is 1 zips within Otter Lake, MI; of that zips, the estimated home value for pre-foreclosure homes ranges from $0 in N/A to the lowest home value of $0 in $[pre-foreclosures-lowest-avm-region].
- Bank OwnedThe median estimated home value of bank owned homes (REO properties) in Otter Lake, MI ranges from the highest value of $0 in N/A to the lowest value of $0 in N/A. Bank owned homes and properties account for 0% of properties in Otter Lake, MI. There is 1 zips within Otter Lake, MI; N/A containing 0 REO properties, has the highest number of bank owned properties in a single zip.
- Auctions48464 has 3 auction properties, the highest number of properties going to auction in a single zip in the state of Otter Lake, MI. Auction homes and other auction properties account for 4.17% of all properties in Otter Lake, MI. There is 1 zips within Otter Lake, MI; of that zips, the median estimated home value for homes going to auction ranges from $306,568 in 48464 to the lowest value of $160,000 in 48464.
Compare Nearby Cities
More Real Estate Resources for Otter Lake, MI
Guide for Otter Lake, MI
Foreclosure is a term that can sometimes lead to confusion for those looking to make a real estate investment. In simple terms, it refers to the process where a lender takes possession of a property after the owner fails to keep up with their mortgage payments. When it comes to land, this means that buyers […]
Descubre todo lo que necesitas saber sobre cómo comprar una casa en ejecución hipotecaria.
Learn how to buy a foreclosed home in Chicago, Illinois.
Tips to find a home in pre-foreclosure and get a good deal on a new home.