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PETOSKEY, MI 49770

Real Estate Market Report  ·  Emmet County
Balanced Market
January 2026  ·  Source: Realtor.com

Market Overview

Active Listings
139
⇧ 59.8% vs 87 last year
Pending
5
4% pending ratio
Median Price
$2,399,000
⇧ 110.8% vs $1,138,250 last year
Average Price
$2,116,685
⇧ 22.9% vs $1,722,049 last year
Days on Market
64
⇩ 46.2% vs 119 days last year

Market Context

Population: 17,555  ·  Density: 62.0/mi²  ·  Median household income: $76,971

Typical home value: $269,369  ·  Homeownership: 68.3%

Market Analysis

Data as of January 2026. Source: Realtor.com.

The PETOSKEY, MI real estate market (49770) currently shows 139 active listings, with 5 pending sales. Homes are averaging 64 days on the market before going under contract.

Inventory has increased compared to last year, with 52 more homes available — giving buyers more choice.

Homes are selling faster, averaging 64 days on market compared to 119 days last year.

The median listing price has risen 110.8% year-over-year, from $1,138,250 to $2,399,000.

Whether you are buying or selling in PETOSKEY, MI, SELL123.com can help you save significantly on commission — typically 2% compared to traditional 5% broker fees. Call (240) SELL-123 for a free consultation.

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Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 139 this year vs 87 last year
  • Days on market: 64 now vs 119 last year

Median & Average Pricing

Year over Year
  • Median: $2,399,000 (+110.8% YoY)
  • Average: $2,116,685 (+22.9% YoY)

12-Month Price Trend

Median & Average
  • Median and average listing prices over the past 12 months

12-Month Inventory Trend

Active & Pending
  • Active and pending listing counts over the past 12 months

Historical Trend Charts

Median Price
Average Price
Days on Market
Total Listings
Pending Listings
Active Listings
New Listings

Nearby Real Estate Markets

Median Price Legend:
< $250K
$250K–$500K
$500K–$1M
$1M–$2M
> $2M
25 Nearby Zip Code Markets within 30.9 miles — 468 listings ($578,911,529 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
49770Petoskey, MI 497700.0 mi139$294,219,215$2,399,000$2,116,685
49706Alanson, MI 497068.6 mi23$13,202,092$359,000$574,004
49712Boyne City, MI 4971210.9 mi38$45,450,660$499,900$1,196,070
49740Harbor Springs, MI 4974013.5 mi57$82,833,483$754,400$1,453,219
49749Indian River, MI 4974915.9 mi22$24,786,014$520,450$1,126,637
49720Charlevoix, MI 4972017.7 mi58$45,911,814$549,900$791,583
49795Vanderbilt, MI 4979519.9 mi10$8,704,380$577,400$870,438
49755Levering, MI 4975520.8 mi1$850,000$850,000$850,000
49729Ellsworth, MI 4972923.0 mi7$3,247,797$479,000$463,971
49622Central Lake, MI 4962226.0 mi16$17,669,968$549,500$1,104,373
49735Gaylord, MI 4973526.3 mi78$31,837,884$346,950$408,178
49701Mackinaw City, MI 4970129.1 mi8$4,875,432$380,000$609,429
49765Onaway, MI 4976530.9 mi11$5,322,790$261,500$483,890

Frequently Asked Questions

How many homes are for sale in PETOSKEY, MI 49770?

As of January 2026, there are 139 active listings in PETOSKEY, MI (zip code 49770), compared to 87 the prior year.

What is the median home price in PETOSKEY, MI 49770?

The median listing price in PETOSKEY, MI 49770 is $2,399,000 as of January 2026, a 110.8% increase from $1,138,250 the prior year.

How long do homes stay on the market in PETOSKEY, MI?

Homes in PETOSKEY, MI 49770 spend an average of 64 days on the market before going under contract, compared to 119 days the prior year.

Is it a seller's or buyer's market in PETOSKEY, MI 49770?

Based on current inventory and days-on-market data as of January 2026, PETOSKEY, MI 49770 is currently a Balanced Market. Inventory has increased compared to last year, with 52 more homes available — giving buyers more choice. Homes are selling faster, averaging 64 days on market compared to 119 days last year.

How much can I save on real estate commission in PETOSKEY, MI?

With SELL123.com's maximum 3% commission, sellers in PETOSKEY, MI 49770 save an estimated $47,980 compared to a typical 5% commission on the median listing price of $2,399,000. Our fee structure: 1% listing + 2% selling broker — no additional buyer or seller fees. Call (240) SELL-123 or email info@SELL123.com for a free consultation.