The Petoskey-Otsego housing market is somewhat competitive. The median sale price of a home in Petoskey-Otsego was $80K last month, down 8.0% since last year. The median sale price per square foot in Petoskey-Otsego is $16, down 51.5% since last year.
What is the housing market like in Petoskey-Otsego today?
In May 2025, Petoskey-Otsego home prices were down 8.0% compared to last year, selling for a median price of $80K. On average, homes in Petoskey-Otsego sell after 68 days on the market compared to 107 days last year. There were 9 homes sold in May this year, down from 10 last year.
All Home Types
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$80,000
-8.0% YoY | May 2025
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
May 2025
Growth
% YoY
Petoskey-Otsego, MI
$80,000
-8.0%
United States
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How hot is the Petoskey-Otsego housing market?
Petoskey-Otsego is somewhat competitive. Homes sell in 61 days.
0
100
43
Somewhat Competitive
Redfin Compete Score™
The Redfin Compete Score rates how competitive an area is on a scale of 0 to 100, where 100 is the most competitive.
Calculated over the last 12 months
Some homes get multiple offers.
The average homes sell for about 6% below list price and go pending in around 61 days.
Hot homes
can sell for around list price and go pending in around 7 days.
School data provided by GreatSchools. School service boundaries are intended to be used as reference only. To verify enrollment eligibility for a property, contact the school directly.
Climate's impact on Petoskey-Otsego housing
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that
could impact homes in Petoskey-Otsego.
Flood Factor - Minor
8% of properties are at risk of severe flooding over the next 30 years
Flood Factor
Petoskey-Otsego has a minor risk of flooding. 58 properties in Petoskey-Otsego are likely to be
severely affected
by flooding over the next 30 years. This represents 8% of all properties in Petoskey-Otsego. Flood risk is increasing faster than the national average.
100% of properties are at minor
risk of a severe wind event over the next 30 years
Wind Factor
Petoskey-Otsego has a Minor Wind Factor® risk based on the projected likelihood and speed of hurricane, tornado, or severe storm winds impacting it. Petoskey-Otsego is most at risk from severe storms. 1,672 properties in Petoskey-Otsego have some risk of being in a severe wind event within the next 30 years.