$1,195,000
3,336 SqFt
4 Beds
•3 Full Baths, 2 Partial
Mark Ashley, Listing Office: Coldwell Banker Schmidt - Petoskey
September 2024
Report Updated 30 Days Ago
Is Petoskey, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since September 2023
At the same time last year, Petoskey was a Seller's Market.
How much do homes in Petoskey, MI cost?
$444,500
$252/sqft
Based on all homes sold in the last 12 months.
Difference Since September 2023
Summary: The median home sold price in Petoskey was $444,500 in September 2024, up 4.6% from last year, and the median price per square foot was $252.
# BEDS# BEDROOMS | Sep 2023 | Sep 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $242K | $279.9K | +15.7% |
2 Bedrooms | $285K | $312.5K | +9.6% |
3 Bedrooms | $397.5K | $415K | +4.4% |
4 Bedrooms | $587.5K | $649.2K | +10.5% |
5+ Bedrooms | $1.2M | $1.7M | +35.5% |
Summary: Petoskey housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes increased by 15.7%, 2 bedroom homes increased by 9.6%, 3 bedroom homes increased by 4.4%, 4 bedroom homes increased by 10.5%, and 5+ bedroom homes increased by 35.5%.
Resort Township | $450K | $611.7K | +35.9% |
Petoskey | $425K | $444.5K | +4.6% |
Bear Creek Township | $395K | $375K | -5.1% |
How many homes are available in Petoskey, MI?
Aug 2024 | Sep 2024 | CHANGE |
---|---|---|
134 | 133 | -0.7% |
Summary: The Petoskey real estate market had 133 homes for sale in September 2024, a 0.7% decrease compared to August 2024.
# BEDS# BEDROOMS | Aug 2024 | Sep 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 5 | 7 | +40.0% |
2 Bedrooms | 21 | 15 | -28.6% |
3 Bedrooms | 50 | 49 | -2.0% |
4 Bedrooms | 18 | 21 | +16.7% |
5+ Bedrooms | 40 | 41 | +2.5% |
Summary: The Petoskey housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 40%, 2 bedroom homes decreased by 28.6%, 3 bedroom homes decreased by 2%, 4 bedroom homes increased by 16.7%, and 5+ bedroom homes increased by 2.5%.
Aug 2024 | Sep 2024 | CHANGE |
---|---|---|
30 | 22 | -26.7% |
12 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Summary: A total of 22 homes were sold or pending in Petoskey in September 2024, down by 26.7% month-over-month. Of the 22 sold homes, 55% were sold under asking, 23% were sold at asking, and 23% were sold over asking.
How long does it take to sell a home in Petoskey, MI?
Sep 2023 | Sep 2024 | CHANGE |
---|---|---|
36 Days | 177 Days | +391.7% |
Summary: Homes in Petoskey had an average of 177 days on market in Sep 2024, up by 391.7% compared to last year.
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During September 2024, 22 homes were sold in Petoskey; 5% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 5% of homes were sold over 90 days.
Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.
Report Updated 30 Days Ago
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MLS Disclaimers and Copyright
Based on information from Northern Michigan MLS, Water Wonderland MLS Inc., and RealComp II Ltd. Previous Previous for the period 10/01/2022 - 10/01/2024
The data relating to real estate on this web site comes in part from the Internet Data Exchange Program of the Northern Michigan MLS (NM-MLS). The listings displayed come from various NM-MLS. member offices who have chosen to participate in NM-MLSX IDX, the detailed information The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing about said listings includes the listing office information. All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither the site hosting broker(s), nor the listing broker or NM-MLS, or this broker shall be responsible for any typographical errors, misinformation, misprints, and shall be held totally harmless. © 2024 NM-MLS. All rights reserved
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 10/31/2024, 6:20:47 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
© 2024 Water Wonderland MLS, Inc © All rights reserved. The data relating to real estate on this web site comes in part from the Internet Data Exchange Program of the Water Wonderland MLS (WWLX). Real estate listings held by brokerage firms other than this broker are marked with the WWLX logo and the detailed information about said listing includes the listing office.The listings displayed come from various Water Wonderland Board of REALTORS® member offices who have chosen to participate in WWBR. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither the site hosting broker(s), nor the listing broker or Water Wonderland Board of REALTORS® shall be responsible for any typographical errors, misinformation, misprints, and shall be held totally harmless.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 10/31/2024, 6:20:50 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Disclaimer: The data relating to real estate on this web site comes in part from the IDX of Realcomp II Ltd. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified.
IDX information is provided exclusively for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Any use of search facilities of data on the site, other than by a consumer looking to purchase real estate, is prohibited.
IDX provided courtesy of Realcomp II Ltd. Copyright © 2024 Realcomp II Ltd. Shareholders. All rights reserved. Originating MLS shown with each listing detail.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 10/31/2024, 6:20:52 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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