The Petoskey-Otsego housing market is somewhat competitive. The median sale price of a home in Petoskey-Otsego was $80K last month, up 46.1% since last year. The median sale price per square foot in Petoskey-Otsego is $31, down 1.6% since last year.
What is the housing market like in Petoskey-Otsego today?
In March 2024, Petoskey-Otsego home prices were up 46.1% compared to last year, selling for a median price of $80K. On average, homes in Petoskey-Otsego sell after 154 days on the market compared to 74 days last year. There were 5 homes sold in March this year, up from 4 last year.
$80K
Sale Price
+7.4% since last year
$31
Sale $/Sq. Ft.
-1.6% since last year
Under List Price
9%
Days on Market
22
Down Payment
—
Total Homes Sold
2
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How hot is the Petoskey-Otsego housing market?
Petoskey-Otsego is somewhat competitive. Homes sell in 22 days.
0
100
45
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 9% below list price and go pending in around 22 days.
Hot homes
can sell for around list price and go pending in around 13 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.
Risk Factor
Flood Factor - Moderate
14% of properties are at risk of severe flooding over the next 30 years
Flood Factor
Petoskey-Otsego has a moderate risk of flooding. 124 properties in Petoskey-Otsego are likely to be
severely affected
by flooding over the next 30 years. This represents 14% of all properties in Petoskey-Otsego. Flood risk is increasing slower than the national average.
<1% of properties are at risk of wildfire over the next 30 years
Fire Factor
Petoskey-Otsego has a minor risk of wildfire. There are 1 properties in Petoskey-Otsego that have some risk of being affected by wildfire over the next 30 years. This represents <1% of all properties in Petoskey-Otsego.
Petoskey-Otsego has minimal risk of severe winds over the next 30 years
Wind Factor
Petoskey-Otsego has a Minimal Wind Factor®, which means there is a very low likelihood that hurricane, tornado or severe storm winds will impact this area.