Petoskey, MI
Monthly housing intelligence, market trends, and trusted local expertise.
As of the latest 2026 data
Median Listing
Pending Ratio
Active Inventory
Median DOM
Primary Intelligence Tool — Sold Score™
Will your home sell in today's very weak Petoskey market?
Sold Score™ analyzes 40+ local data points to estimate your home's probability of sale in the next 60 days across Petoskey, MI.
The Petoskey, MI market is currently characterized by a very weak demand absorption relative to available supply, with a pending ratio of 0.05. Active listings have expanded substantially, increasing 33.0% year-over-year to 395 units.
Local Market Signals
Source: FRED (St. Louis Fed)Local economic trends can influence how quickly homes sell and how much competition sellers may face.
What's moving the Petoskey market right now.
Supply-side expansion is evident, with active listings up 33.0% and new listings up 78.6% over the past year. Concurrently, the median listing price has shown a slight increase of 0.1% year-over-year, despite a month-over-month decline of 8.6%. The median days on market has also lengthened by 19.6% year-over-year, indicating a slower absorption pace. The pending ratio remains exceptionally low at 0.05, signaling broad demand softness.
Market Trends
Median Price
Active Inventory
Days on Market
Sold Score™
Sold Score™ Over Time
Market liquidity index • 36 months
Price & Days on Market
Median listing vs market velocity
Inventory Dynamics
Total active listings vs new monthly supply
Sourced from Realtor.com RDC Inventory Core Metrics, supplemented by the Primpted research desk. Updated As of the latest 2026 data.
Market Signals & Indicators
The current market dynamics suggest a significant emphasis on price discipline and extended marketing periods. With a pending ratio of 0.05 and a substantial year-over-year increase in active listings, buyers are likely to experience minimal pressure to accelerate decisions, enabling more deliberate evaluation. Inventory levels are elevated, contributing to a slower pace of transactions and potentially greater room for negotiation on listing prices.
The average listing price of $1,396,043 significantly exceeds the median listing price of $699,450, indicating a pronounced skew towards higher-priced inventory. However, the average price has only increased by 1.4% year-over-year, suggesting some moderation at the upper end of the market despite overall median price stability and a 2.1% year-over-year increase in median $/sqft.
395 active listings represent the current floor, with new supply arriving at roughly 100 per month.
of active listings carry a price reduction, -3.0% from prior period.
Median price per square foot has moved +2.1% year-over-year.
Pending-to-active ratio — Very Weak.
Recommended For This Market
Very WeakSelling in Petoskey, MI? Homes here are taking 10 days longer to sell than last year.
Buyers have leverage in Petoskey, MI. Homes that sell are the ones priced and presented for today's conditions, not last year's.
- Buyer Demand Index
- 5%
- Median Days on Market
- 61 days
- Inventory YoY
- +33%
In a buyer's market, strategy beats timing. See how your home scores in Petoskey, MI and what moves the number.
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Metro Demographics
ZIPs in Petoskey, MI
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