$736 Closing Credit*
$62,000
1,936 SqFt
2 Full Baths
Edwin Vento, Listing Office: RE/MAX Leading Edge
Housing Prices in Petosky-Otsego, MI
How much do homes in Petosky-Otsego, MI cost?
Median List Price
$76,250
$48/sqft
Based on all homes listed in the last 12 months.
Difference Since November 2023
+$2,800(+3.8%)
Key Takeaway
The list price of homes in Petosky-Otsego has increased by 3.8% since last year.
Summary: The median home list price in Petosky-Otsego was $76,250 in November 2024, up 3.8% from the previous year, and the median price per square foot was $48.
Median List Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $10K | N/A |
| 2 Bedrooms | $40K | $10K | -75.0% |
| 3 Bedrooms | $30K | $40K | +33.3% |
| 4 Bedrooms | $102.4K | $149.9K | +46.3% |
| 5+ Bedrooms | $20.1K | $99K | +392.5% |
Summary: Petosky-Otsego housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 75%, 3 bedroom homes increased by 33.3%, 4 bedroom homes increased by 46.3%, and 5+ bedroom homes increased by 392.5%.
Median List Price Compared To Nearby Neighborhoods
| Rosa Parks | $107.4K | $155K | +44.3% |
| Russell Woods | $132.4K | $180K | +35.9% |
| Durfee | $125K | $165K | +32.0% |
| Winterhalter | $89.9K | $100K | +11.2% |
| Petosky-Otsego | $73.4K | $76.2K | +3.8% |
Housing Supply in Petosky-Otsego, MI
How many homes are available in Petosky-Otsego, MI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 18 | 22 | +22.2% |
Summary: The Petosky-Otsego real estate market had 22 homes for sale in November 2024, a 22.2% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 1 | 0 | -100.0% |
| 3 Bedrooms | 11 | 14 | +27.3% |
| 4 Bedrooms | 3 | 3 | 0.0% |
| 5+ Bedrooms | 2 | 4 | +100.0% |
Summary: The Petosky-Otsego housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 100%, 3 bedroom homes increased by 27.3%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 100%.
Days on Market for Petosky-Otsego, MI
How long does it take to sell a home in Petosky-Otsego, MI?
Average Listing Age
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 129 Days | 91 Days | -29.8% |
Summary: Homes in Petosky-Otsego had an average listing age of 91 days in Nov 2024, down by 29.8% compared to the previous year.
