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PETOSKEY, MI 49770

Real Estate Market Report
Balanced Market
June 2026  ·  Source: Realtor.com

Market Analysis

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

The PETOSKEY, MI real estate market (49770) currently shows 193 active listings, with 2 pending sales. Homes are averaging 40 days on the market before going under contract.

Inventory has increased compared to last year, with 61 more homes available — giving buyers more choice.

The median listing price has risen 34.2% year-over-year, from $1,041,000 to $1,397,500.

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 Context

Market Context

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

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

Market Overview

Active Listings
193
⇧ 46.2% vs 132 last year
Pending
2
1% pending ratio
Median Price
$1,397,500
⇧ 34.2% vs $1,041,000 last year
Average Price
$1,835,863
⇧ 4.9% vs $1,749,874 last year
Days on Market
40
vs 40 days last year

Price Per Square Foot

Median $/sqft
$509
⇧ 23.5% vs $412/sqft last year
Median Home Size
2,787 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 193 this year vs 132 last year
  • Days on market: 40 now vs 40 last year

Median & Average Pricing

Year over Year
  • Median: $1,397,500 (+34.2% YoY)
  • Average: $1,835,863 (+4.9% 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
Price Per Sqft
Price Reduced %

Nearby Real Estate Markets

Median Price Legend:
< $250K
$250K–$500K
$500K–$1M
$1M–$2M
> $2M
25 Nearby Zip Code Markets within 30.0 miles — 420 listings ($543,136,798 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
49770Petoskey, MI 497700.0 mi139$295,587,531$2,414,750$2,126,529
49706Alanson, MI 497068.6 mi17$11,227,548$532,000$660,444
49712Boyne City, MI 4971210.9 mi32$44,166,432$554,950$1,380,201
49740Harbor Springs, MI 4974013.5 mi52$77,358,580$869,087$1,487,665
49749Indian River, MI 4974915.9 mi21$28,554,351$424,925$1,359,731
49791Topinabee, MI 4979116.9 mi1$299,000$299,000$299,000
49727East Jordan, MI 4972717.9 mi26$24,356,150$421,175$936,775
49730Elmira, MI 4973020.6 mi12$4,831,656$393,725$402,638
49705Afton, MI 4970520.9 mi4$3,788,000$415,000$947,000
49718Carp Lake, MI 4971825.9 mi0$0$380,000$380,000
49721Cheboygan, MI 4972126.2 mi43$22,000,606$285,725$511,642
49627Eastport, MI 4962727.9 mi1$1,850,000$1,850,000$1,850,000
49615Bellaire, MI 4961530.0 mi72$29,116,944$269,000$404,402

Frequently Asked Questions

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

As of June 2026, there are 193 active listings in PETOSKEY, MI (zip code 49770), compared to 132 the prior year.

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

The median listing price in PETOSKEY, MI 49770 is $1,397,500 as of June 2026, a 34.2% increase from $1,041,000 the prior year.

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

Homes in PETOSKEY, MI 49770 spend an average of 40 days on the market before going under contract, compared to 40 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 June 2026, PETOSKEY, MI 49770 is currently a Balanced Market. Inventory has increased compared to last year, with 61 more homes available — giving buyers more choice.

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 $27,950 compared to a typical 5% commission on the median listing price of $1,397,500. 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.