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Foreclosure Homes in Petoskey, MI

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Petoskey, MI Foreclosures

Current Market Conditions in in Petoskey, MI As of June 2026?
Home values: -0.79% MoM; rent: +0.00% MoM.
How much do homes sell for in Petoskey, MI?
The average home price is currently $624,419.
In Petoskey, MI, how many homes are available?
There are currently 6 active home listings available in Petoskey.
What’s the average rental cost in Petoskey, MI?
The average rental price in Petoskey is $1,625.
What is the most expensive home in Petoskey?
The most expensive home sold in Petoskey had a price of $25,256,822.
What is currently the cheapest priced home in Petoskey, MI?
The cheapest home for sale in Petoskey is priced at $10,936.

Living in Petoskey, MI

Petoskey is a scenic northern Michigan community on Little Traverse Bay, offering historic downtown charm, waterfront recreation, strong regional amenities, and access to ski, golf, boating, and four-season tourism demand.

Buyer vs Seller Market in Petoskey, MI

Median home value: $387,461 as of 2026-05-14.

Median rent: $1,600 as of 2026-05-14.

Home values: -0.79% MoM, +3.84% YoY.

Rent: +0.00% MoM, +0.00% YoY.

Home Value Estimator For Petoskey, MI

There are currently 8,330 real estate properties in Petoskey, MI, with a median automated valuation model (AVM) price of $387,461.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Petoskey, MI, based on current market trends, comparable real estate sales nearby, historical data and, of course, property features, among other variables. These automated home estimates are often very helpful, providing buyers and sellers with a better idea of a home’s value ahead of the negotiation process. For example, the average home price in Petoskey, MI, is $624,419.00, with the most expensive house in Petoskey, MI, topping out at $25,256,822.00 and the cheapest home in Petoskey, MI, clocking in at $10,936.00. In other words, there’s something for every potential homebuyer or savvy investor in Petoskey, MI!

Rent Prices In Petoskey, MI

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Petoskey, MI, is on a rollercoaster ride. The average rent price in Petoskey, MI, is $1,625.00. Indeed, when looking to rent in Petoskey, MI, you can expect to pay as little as $700.00 or as much as $3,660.00, with the average rent median estimated to be $1,600.00. The good news is that finding an affordable and desirable property to rent in Petoskey, MI -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.

Petoskey, MI Foreclosures

Market Trend for Petoskey, MI

Total Listings Available: 6

Market Values:

Home Prices from $10,936 to $25,256,822

Average Sales Price: $624,419

Rental Values:

Rental from $700 to $3,660

Average Rent Value: $1,625 / month

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