Petoskey, MI Real Estate Market Summary – September 8, 2026
In the Petoskey, MI real estate market, there were a total of 16 homes sold in the last 30 days. The average sale price was $541,438, and homes were on the market for an average of 18 days before selling.
| Metric | 30 Days |
|---|---|
| Number Sold | 16 |
| Sold Per Day | 1 every 1.88 days |
| Average SQFT | 1962 |
| Median Sales Price | $433,000 |
| Average Sales Price | $541,438 |
| Average Price Per SQFT | $396 |
| Average Days on Market | 18 |
| Average Year Built | 1982 |
Petoskey, MI Single Family Home Analysis
In the single-family home segment, 13 properties were sold with an average sale price of $536,615. The typical home sold had an average living area of 1,985 square feet and was built around 1981.
| Metric | 30 Days |
|---|---|
| Number Sold | 13 |
| Sold Per Day | 1 every 2.31 days |
| Average SQFT | 1985 |
| Median Sales Price | $416,000 |
| Average Sales Price | $536,615 |
| Average Price Per SQFT | $416 |
| Average Days on Market | 19 |
| Average Year Built | 1981 |
Petoskey, MI Condo & Townhome Analysis
The condo and townhome market saw 3 properties sold, averaging $562,333 in sale price. These units had a living area of approximately 1,800 square feet and were built in 1989.
| Metric | 30 Days |
|---|---|
| Number Sold | 3 |
| Sold Per Day | 1 every 10.00 days |
| Average SQFT | 1800 |
| Median Sales Price | $465,000 |
| Average Sales Price | $562,333 |
| Average Price Per SQFT | $258 |
| Average Days on Market | 17 |
| Average Year Built | 1989 |
Buyer & Seller Analysis
- Pace of new listings is 1 every 1.88 days.
- Average days on market for sold homes was 18 days.
- Median sale price for all homes was $433,000.
- Data may not reflect the latest market conditions or sales prices.
Conclusion
Overall, the Petoskey real estate market displays varying activity across different segments, with single-family homes being the predominant category. Buyers and sellers should consider these trends when navigating the market.