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PetoskeyPhoto: Todd Van Hoosear · CC BY-SA 2.0
Housing in Petoskey

16 homes sold in Petoskey in the last year, at a typical $557K

Almost every sale is a house. Below: what each kind of home sells for and a shortcut to every site where Petoskey homes are listed.

Homes sold
16
October 2025 to September 2026
Typical sale price
$557K
median, weighted by sales
Price per square foot
$292
Michigan $168
Paid vs. asking
94.8%
6% sold over asking
For sale now
3
September 2026 · 3 sold that month
What sold · last 12 months

Houses are 0% of Petoskey’s sales, at a typical — (year to May 2026)

16 homes sold in the year to September 2026.

13 years of sales

More homes sell than most years, at twice the 2016 price

16 sales in the last year, against 18 in 2015 and a low of 0 in 2013. The typical sale went from $265K in 2016 to $557K.

Homes soldTypical sale price
012253750$550K$1M$1.5M$1.9M2013: 0 sold, typical —’132014: 6 sold, typical $1.2M2015: 18 sold, typical $256K’152016: 4 sold, typical $265K2017: 4 sold, typical $1.8M’172018: 9 sold, typical $216K2019: 8 sold, typical $353K’192020: 12 sold, typical $246K2021: 14 sold, typical $321K’212022: 11 sold, typical $331K2023: 17 sold, typical $370K’232024: 12 sold, typical $471K2025: 6 sold, typical $449K’25Last 12 months: 16 sold, typical $557KNow

Source: Redfin Data Center, MLS sales; from June 2026 each month is a 3-month rolling window, its counts divided by 3. Typical price and $/sq ft are the monthly medians, weighted by sales. Redfin stopped publishing towns’ figures by property type after May 2026, so houses and condos are shown for the year to then.

Rent or buy?

Owning the typical Petoskey home costs about $3,396 a month

Mortgage
Property tax
Insurance
Rent

Price: Petoskey’s typical sale, last 12 months. Property tax at Petoskey’s 1.1% (median bill ÷ median value, Census ACS); insurance at 0.35% of price a year. Before PMI, HOA dues, upkeep and the tax deduction. Whether Petoskey is affordable on local pay is on Cost of living.

Before you buy in Petoskey

Five things worth knowing

1.1%

Property tax, a year

Of a home’s value: the median bill over the median home value. On a $557K home, about $5,880 a year.

Taxes vs. neighbors
A

Schools

The schools grade for Petoskey, from test results, graduation and how much students grow.

Schools in Petoskey
15 min

Typical commute

The average one-way trip to work for people who live in Petoskey.

Work & commute
Flood

Check the flood map

Flood insurance isn’t in a standard policy, and lenders require it in FEMA flood zones. Check the address before you make an offer.

Natural hazards
Records

Look up any property

Assessed value, lot size and every past sale of a home you’re eyeing are public, at the town or county assessor and the registry of deeds.

Selling, or renting out?

Post your home to Petoskey, free

Selling it yourself, renting out an apartment or looking for a roommate? Post it to Petoskey. People who follow the town see it, and so do people comparing Petoskey with their own town. No commission, no listing fee.

Questions about buying a home in Petoskey

What do homes sell for in Petoskey, MI?

16 homes sold in the year to September 2026 at a typical $557K, $292 a square foot.

Is Petoskey a buyer’s or seller’s market?

A seller’s market: 3 homes were for sale in September 2026 and 3 sold, about 0.9 months of supply. Buyers paid 94.8% of asking on average.

How much are property taxes in Petoskey?

About 1.1% of a home’s value a year. On a $557K home that’s near $5,880.

Where can I see homes for sale in Petoskey?

Zillow, Redfin, Realtor.com and Homes.com all carry Petoskey’s MLS listings; the search links above open each one filtered to Petoskey.

Sales, prices, days on market and listings: Redfin Data Center (MLS, monthly, not seasonally adjusted; from June 2026 each month is a 3-month rolling window, its counts divided by 3). Property tax rate: Census American Community Survey. Two-bedroom rent: HUD Fair Market Rent. Typical home value: Zillow Home Value Index. Schools grade: TownRatings (how grades work).