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 categorized as Very Weak, primarily driven by a critically low pending ratio of 0.04, indicating severely constrained demand absorption. This is further accentuated by a year-over-year decline of 1.4% in the pending ratio. Active listings have expanded substantially, with a 37.5% increase over the past year, contributing to significant inventory pressure.
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.
Inventory levels have seen a notable increase, with active listings up 37.5% over the past year to 392 units. Concurrently, new listings experienced a modest decline of 5.1% year-over-year. Demand, as measured by the pending ratio, remains exceptionally low at 0.04, reflecting a considerable disconnect between available supply and buyer engagement. Median listing prices have retracted, showing a 9.1% year-over-year decrease and a 3.9% month-over-month decline, while the share of price-reduced properties has risen by 3.4% year-over-year to 20.2%.
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
With a pending ratio of 0.04 and a substantial year-over-year increase in active listings, properties are experiencing extended market exposure, evidenced by median days on market rising 14.5% over the past year to 75 days. This environment places significant inventory pressure on sellers, necessitating greater price discipline to align with buyer expectations. The elevated share of price reductions further underscores the need for strategic pricing to facilitate transaction velocity.
While the median $/sqft shows a modest 1.8% year-over-year increase, the average listing price has declined by 1.2% year-over-year to $1,406,082, diverging from the median listing price, which saw a more pronounced 9.1% year-over-year decrease. This suggests potential softness in the higher-priced segments, where average prices are declining despite a slight uptick in median $/sqft across the market. The elevated spread between average and median listing prices warrants closer observation for luxury-tier dynamics.
392 active listings represent the current floor, with new supply arriving at roughly 74 per month.
of active listings carry a price reduction, +3.4% from prior period.
Median price per square foot has moved +1.8% year-over-year.
Pending-to-active ratio — Very Weak.
Recommended For This Market
Very WeakSelling in Petoskey, MI? Homes here are taking 9 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
- 4%
- Median Days on Market
- 75 days
- Inventory YoY
- +38%
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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