Here is a glimpse of the median home value and listing price around Otter Tail County. Note this does not include listings not on the MLS. 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 email@example.com or use the contact form – we’d love to help.
Market Temperature- Very Hot for Sellers
The median home value in Otter Tail County is $181,900. Otter Tail County home values have gone up 5.9% over the past year are predicted to rise 4.0% within the next year. The median list price per square foot in Otter Tail County is $84, which is the same as the Fergus Falls Metro average of $84. The median price of homes currently listed in Otter Tail County is $193,250 .
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.
RE trends that will affect 2019
We can help both buyers and sellers translate this data for your particular area or neighborhood.Sellers looking to market their property should be preparing now. Buyers will face a competitive marketplace, so make sure you are prepared as more listing hit the market this spring.
Statewide, closed sales are down 6% from last year, with pending sales down 4%. The good news is that both prices and percent of list price improved from last year. Homes in Minnesota also continue to appreciate in value, but at a rate slightly lower than the national average. Data collected on home appreciation values over a five-year period from 2012 to 2017 show that homes appreciated by 37.4% across the country, and by 31% in Minnesota.
Whether buying or selling, please contact us for a specific market analysis for the area you are interested in, to get the best value for your real estate investment.