Otsego County, NY Home Values & Market Trends
The median home price in Otsego County, NY is $181,363.09. There were 871 home sales in Otsego County, NY over the past 12 months. The median residential Otsego County, NY home value for transactions over the previous year is $132,500. The number of current listings in Otsego County, NY is 83, and the percentage of properties for sale is 83.00%. The county has 97 foreclosures, 5 bank owned properties, 5 headed for auction, and 83 properties for sale.
Otsego County, NY Real Estate Market Overview
| City | Median Est. Value | City | Median Est. Value |
|---|---|---|---|
| Oneonta | $ 187,976 $ 128/sqft | Burlington Flats | $ 129,900 $ 88/sqft |
| Cooperstown | $ 299,000 $ 187/sqft | Worcester | $ 269,000 $ 128/sqft |
| Unadilla | $ 159,900 $ 81/sqft | West Burlington | $ -- $ -- |
| Cherry Valley | $ 86,950 $ 62/sqft | Portlandville | $ -- $ -- |
| Richfield Springs | $ 133,924 $ 42/sqft | Garrattsville | $ -- $ -- |
| Hartwick | $ 287,739 $ 143/sqft | East Worcester | $ -- $ -- |
| Fly Creek | $ 277,681 $ 234/sqft | Mount Vision | $ -- $ -- |
| Schenevus | $ 239,000 $ 64/sqft | Wells Bridge | $ -- $ -- |
| Morris | $ 38,965 $ 32/sqft | Springfield Center | $ -- $ -- |
| Otego | $ 196,467 $ 174/sqft | Westford | $ -- $ -- |
| Edmeston | $ 89,900 $ 112/sqft | East Springfield | $ -- $ -- |
| Maryland | $ 321,118 $ 191/sqft | Roseboom | $ -- $ -- |
| West Oneonta | $ 249,900 $ 144/sqft | Gilbertsville | $ -- $ -- |
| Milford | $ 575,000 $ 307/sqft | Laurens | $ -- $ -- |
| New Lisbon | $ 99,900 $ 94/sqft |
Housing Market Summary for Otsego County, NY
| Apr 2023 | March 2024 | Change | |
|---|---|---|---|
| Median Listing Price | $200K | $184.1K | -7.94% |
| Median Sold Price | $155.9K | $184.1K | 18.12% |
| Homes For Sale | 100 | 90 | -10.00% |
| Homes Sold | 409 | 409 | - |
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 Otsego County, NY
Browse Homes in Otsego County, NY
Otsego County, NY home values range from $13,208 to $4,782,401. Milford is the priciest city with a median listing home price of $575,000, and New Lisbon is most affordable with average house prices of around $99,900.
- Pre-ForeclosurePre-foreclosure homes account for 0.47% of all residential properties in Otsego County, NY with Oneonta containing 26 pre-foreclosures, the highest number of pre-foreclosure properties in a single city. There are 29 cities within Otsego County, NY; of those cities, the estimated home value for pre-foreclosure homes ranges from $600,606 in Springfield Center to the lowest home value of $37,216 in Richfield Springs.
- Bank OwnedThe median estimated home value of bank owned homes (REO properties) in Otsego County, NY ranges from the highest value of $307,233 in Worcester to the lowest value of $32,500 in Hartwick. Bank owned homes and properties account for 0.03% of properties in Otsego County, NY. There are 29 cities within Otsego County, NY; Worcester containing 1 REO properties, has the highest number of bank owned properties in a single city.
- AuctionsGilbertsville has 1 auction properties, the highest number of properties going to auction in a single city in the state of Otsego County, NY. Auction homes and other auction properties account for 0.03% of all properties in Otsego County, NY. There are 29 cities within Otsego County, NY; of those cities, the median estimated home value for homes going to auction ranges from $199,470 in East Worcester to the lowest value of $199,470 in East Worcester.
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More Real Estate Resources for Otsego County, NY
Guide for Otsego County, NY
The real estate market in Syracuse, New York is experiencing a surge in property values and sale prices, with homes typically selling above their listed prices.
The Albany real estate market from April 2023 to March 2024 showed a clear positive trend, with rising property values and sale prices offset by fluctuating property counts.
Amid rapid fluctuations in the Rochester real estate sector, a steady increase in the average sale price per square foot has been observed from March 2023 to February 2024. Surrounding cities like East Rochester, Webster, Penfield, Spencerport, and West Henrietta have experienced unique trends, providing a diverse regional real estate climate.
New York City’s real estate market from August 2023 to January 2024 witnessed roughly an 8% increase in average property values, along with fluctuations in per square foot values and sold prices.
