Is Petoskey, MI 49770 a buyer’s or seller’s market?
Petoskey is a seller’s market. With about 3.8 months of supply and 31% of recent sales closing above the original list price, competing offers are common on well-priced homes. Buyers here often have a pre-approval in hand and a plan for the appraisal gap before touring.
Months of supply3.8Under 4 months = seller’s market
Sold above original list31.2%Share of sales, last 3 months
Median sale-to-list98.3%Sold price ÷ list price
Median days on market29Listing to accepted offer
Median price per sq ft$275▲ +16.3% vs. last year
Run the numbers for 49770
Nearby markets
Alanson 49706Seller’s market $235 /sq ftBrutus 49716Buyer’s market $439 /sq ftCarp Lake 49718Buyer’s market $261 /sq ftHarbor Springs 49740Seller’s market $312 /sq ft Browse all markets →Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology