Is Otsego, MI 49078 a buyer’s or seller’s market?

The Otsego housing market right now

In the three months ending August 31, 2026, 31% of homes in Otsego, MI 49078 sold above their list price, the typical home went under contract in 8 days and there were 1.2 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 37 home sales.

Compared with the same period a year earlier, the share selling over asking fell from 46%, homes sold faster (13 days then) and the median sale price rose 27% to $297,871. Overall, Otsego is less competitive than a year ago, which gives buyers more room.

Within Allegan County, homes here sell faster than in 71% of the county’s ZIP codes, and sell less often over asking than in 57%. On our competition score, Otsego ranks #236 of 510 MI ZIP codes with enough sales (score 67 out of 100).

Nearby, buyers who want less competition could look at Pullman 49450 (0% sold over asking) or Douglas 49406 (0% sold over asking), while Dorr 49323 (64% sold over asking) and Martin 49070 (50% sold over asking) are even more competitive.