Metropolitan market · Michigan · June 2026 data

Petoskey Real Estate Market

The Petoskey, MI housing market as of June 2026 — real median listing price, market pace, inventory and supply, from public records and industry data. Prepare a client-ready Petoskey report in a click.

Median listing price
$838,125
▲ 6.0% YoY
Median $ / sq ft
$374
2,343 sq ft median
Median days on market
41
June 2026
Active listings
343
For sale now
New listings
104
June 2026
Listings with price cuts
14%
Share of active
Median listing price trend
$1.12M$1.02M$921K$821K Q3'24Q4'24Q1'25Q2'25Q3'25Q4'25Q1'26Q2'26

Median listing price, Petoskey MI · trailing 8 quarters · source: public records and industry data.

The 10-year view
$838K$702K$566K$430K '17'18'19'20'21'22'23'24'25'26

10-year median listing price, Petoskey MI · June of each year, 2017–2026 · source: public records and industry data.

Supply snapshot
Active listings
343
New this month
104
Pending
12
Price-reduced
47

As of June 2026, the median home listed in Petoskey, MI asks $838,125 — up 6.0% from a year ago. Homes are taking a median of 41 days to go under contract, and 14% of the 343 active listings have taken a price cut, which points to a seller-leaning market. Figures cover the Petoskey, MI metro area. Based on public records and industry data, updated monthly.

Investment snapshot
Investor Score
32/100
#795 of 932 covered metros
12-month outlook
-1.4%
Flat · model output, not advice
Momentum
44
Value
3
Rental yield
1
Supply risk
32
Market heat
42

Petoskey scores 32/100 on our composite Investor Score (#795 of 932 covered metros), a percentile blend of momentum, value, rental yield, supply and market-heat readings; active inventory sits at 68% of its June 2019 level, so supply is still below pre-pandemic norms; listing prices are up 6.0% year over year; all against a national 30-year fixed mortgage rate of 6.43% (national weekly average, 2026-07-02).

Scores are percentile ranks (0–100) across all covered U.S. metros, computed from the public data cited on this page — formulas here. They are data-derived opinions, not investment advice. See how Petoskey ranks on the trending markets index.

What mortgage rates do to the payment
If rates fall 1% · 5.43%
$3,778/mo
−$430/mo vs today
At today's rate · 6.43%
$4,207/mo
National weekly average
If rates rise 1% · 7.43%
$4,656/mo
+$449/mo vs today

Principal & interest on the $838,125 median listing with 20% down and a 30-year fixed loan — excludes taxes, insurance and HOA. Current rate: 6.43% (national weekly average, 2026-07-02). Model a full deal in the deal analyzer.

Growth, supply pipeline & risk
Building permits (2025)
135
▼ 16.1% vs 2024
4.0 per 1,000 residents
Net migration (2022–2023)
+131
▲ people, via tax-return records
net income flow +$30.5M/yr
Natural-hazard risk
Very Low
National hazard index · top hazard: Riverine flooding

Based on public government records — building-permit, tax-return migration, employment and natural-hazard statistics, aggregated to the metro. Details on /methodology.

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Petoskey market FAQs

What is the median home price in Petoskey?
As of June 2026, the median listing price in Petoskey, MI is $838,125, up 6.0% year over year (source: public records and industry data). Figures cover the Petoskey, MI metro area.
How fast are homes selling in Petoskey?
The median property in Petoskey spends 41 days on the market, with 343 homes actively listed and 14% of them carrying a price cut — a seller-leaning market by pace.
Who are the top real estate agents in Petoskey?
See WealthyBud directories for the top-producing agents, teams and brokerages serving Petoskey and the wider Michigan market.
Based on public records and industry data, June 2026 — see our methodology for how every figure is computed. Figures cover the Petoskey, MI metro area. Figures change monthly — verify current conditions with a local agent or MLS. Portions of market data courtesy of Realtor.com and Redfin; additional statistics from U.S. government sources.