Is Otter Lake, MI 48464 a buyer’s or seller’s market?
Otter Lake is a seller’s market. With about 1.9 months of supply and 10% of recent sales closing above the original list price, competing offers are common on well-priced homes. Buyers here often have a pre-approval in hand and a plan for the appraisal gap before touring.
Months of supply1.9Under 4 months = seller’s market
Sold above original list10%Share of sales, last 3 months
Median sale-to-list96.7%Sold price ÷ list price
Median days on market28Listing to accepted offer
Median price per sq ft$146▼ −15.9% vs. last year
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Nearby markets
Almont 48003Seller’s market $222 /sq ftAttica 48412Seller’s market $195 /sq ftClifford 48727Seller’s market $157 /sq ftColumbiaville 48421Seller’s market $165 /sq ft Browse all markets →Local agents
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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology