The Petoskey-Otsego housing market is somewhat competitive. The median sale price of a home in Petoskey-Otsego was $36K last month, down 11.3% since last year.
What is the housing market like in Petoskey-Otsego today?
In October 2024, Petoskey-Otsego home prices were down 11.3% compared to last year, selling for a median price of $36K. On average, homes in Petoskey-Otsego sell after 30 days on the market compared to 73 days last year. There were 2 homes sold in October this year, down from 5 last year.
All Home Types
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$35,500
-11.3% YoY | Oct 2024
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Oct 2024
Growth
% YoY
Petoskey-Otsego, MI
$35,500
-11.3%
United States
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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.
Flood Factor - Minor
12% of properties are at risk of severe flooding over the next 30 years
Flood Factor
Petoskey-Otsego has a minor risk of flooding. 111 properties in Petoskey-Otsego are likely to be
severely affected
by flooding over the next 30 years. This represents 12% of all properties in Petoskey-Otsego. Flood risk is increasing slower 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.