Is East Otto, NY 14729 a buyer’s or seller’s market?

Balanced 3 months ending August 31, 2026 · Source: Redfin

East Otto is a balanced market. With about 4.3 months of supply, well-priced homes can still draw more than one offer, but buyers have some room to negotiate.

Months of supply4.3Under 4 months = seller’s market
Sold above original list66.6%Share of sales, last 3 months
Median sale-to-list97.3%Sold price ÷ list price
Median days on market33Listing to accepted offer
Median price per sq ft$186▲ +22.1% vs. last year

The East Otto housing market right now

In the three months ending August 31, 2026, 67% of homes in East Otto, NY 14729 sold above their list price, the typical home went under contract in 33 days and there were 4.3 months of supply. Four to six months of supply is a balanced market, where pricing and condition decide how much room there is to negotiate. With only 3 sales, these figures can swing a lot from month to month.

Compared with the same period a year earlier, the share selling over asking rose from 25%, homes sold faster (179 days then) and the median sale price rose 15% to $192,917. Overall, East Otto is more competitive than a year ago, so tougher for buyers.

Within Cattaraugus County, homes here sell more slowly than in 67% of the county’s ZIP codes, and sell more often over asking than in 90%.

Nearby, buyers who want less competition could look at Salamanca 14779 (0% sold over asking) or Limestone 14753 (0% sold over asking), while Perrysburg 14129 (100% sold over asking) and Yorkshire 14173 (100% sold over asking) are even more competitive.

Nearby markets

Allegany 14706Seller’s market $111 /sq ftCattaraugus 14719Seller’s market $147 /sq ftConewango Valley 14726Seller’s market $127 /sq ftDelevan 14042Seller’s market $183 /sq ft Browse all markets →

Where East Otto is

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Questions about East Otto real estate

Is East Otto a buyer’s or seller’s market?

A balanced market: there were 4.3 months of supply in East Otto, NY 14729 in the three months ending August 31, 2026. Under four months usually favors sellers, and more than six favors buyers.

How fast do homes sell in East Otto?

The typical home went under contract in 33 days in the latest three months.

Do homes in East Otto sell over asking?

67% of homes sold above their original list price, and the typical sale closed at 97.3% of the list price.

What are property taxes in East Otto?

About 2.64% of a home’s value a year in Cattaraugus County, or roughly $10,560 on a $400,000 home.

What is the median home price in East Otto?

The median sale price was $192,917 in the three months ending August 31, 2026, about $186 per square foot.

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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology