Market ReportUpdated September 9, 2021

In August 2021, Otter Tail County home prices were up 14.9% compared to last year, selling for a median price of $255K. On average, homes in Otter Tail County sell after 8 days on the market compared to 75 days last year. There were 74 homes sold in August this year, down from 116 last year.

Fergus Falls home prices were up 27.2% compared to August of last year, selling for a median price of $212K. On average, homes in Fergus Falls sell after 6 days on the market compared to 70 days last year. There were 22 homes sold in August this year, down from 40 last year.

Interest rates are still low, but we are starting to see indications of rates inching upwards. Buyers, if you are on the fence, jump in now. An increase in rates could add up to a lot. See our article on where interest rates are headed.

Sellers, we have buyers looking right now. With low inventory, under most circumstances you can expect a good price and efficient sale. Please contact us to list your property today.

Would you like a detailed report of listings and sales in your neighborhood, or perhaps one you would like to move to? Email us at info@homesandlakeshore.com or use the contact form – we’d love to help.

Take away: If you are thinking about selling, contact us immediately. Inventory remains low, so if you are buying, we can help you with alerts as soon as a new property hits the market. You will have to move fast when you find the right home.

View Otter Tail County Homes for Sale

Market Details

Looking for information Grant or Douglas County? We’ve got you covered. Browse listings by County or City. Or drop us a line- we would be happy to provide a custom report.

Interest Rates

According to Bankrate’s latest survey of the nation’s largest mortgage lenders: For August 6, 2021, the average 30-year fixed-mortgage APR is 3.21%, a decrease of 4 basis points over the last week. If you’re looking to refinance your current mortgage, the national average 30-year fixed refinance APR is 3.12%, down 6 basis points since the same time last week. Meanwhile, the national average 15-year fixed refinance APR is 2.49%, down 13 basis points since the same time last week. 

Keller Williams Zero Plus Financing for Customers

KW customers benefit most by saving thousands with the ZeroPlus Loan. We eliminate traditional costs and pass the savings directly to the consumer, at the same low rate! Applicable on new loans and refinancing!

 Zero Origination Fee

 Zero Lender Fees

 Plus $1,000 at Closing
*Towards 3rd Party Costs

 Plus A Low Rate
*$1,000 closing credit on loans $150k +

With the super low interest rates we are seeing, what are you waiting for?
Check out a Zero Plus loan today!

Otter Tail County Median Property Tax

The median property tax in Otter Tail County, Minnesota is $1,046 per year for a home worth the median value of $158,600. Otter Tail County collects, on average, 0.66% of a property’s assessed fair market value as property tax.

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Otter Tail County Real Estate Market Report
Article Name
Otter Tail County Real Estate Market Report
Otter Tail and surrounding MN counties real estate statistics including home values, median list and sales prices, current interest rates, updated monthly!