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Petoskey, MI Homes for Sale under $400,000

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  • /16

    $399,900

    • 5 Beds
    • 2 Baths
    • 2,461 Sq Ft

    431 Madison St, Petoskey, MI 49770

    Located in the heart of Petoskey, this versatile in-town home offers an exceptional location directly across the street from McLaren Northern Michigan Hospital and just a short distance from downtown Petoskey’s shopping, restaurants, and the scenic Bear River Walkway. Currently utilized as a two-unit rental, the property provides numerous possibilities—continue its income-producing use, or easily

    Agent Photo

    C.T. Shuman

    Real Estate One

    (231) 594-6814

    431 Madison St, Petoskey, MI 49770
  • /21

    $359,000

    • 3 Beds
    • 2 Baths
    • 1,296 Sq Ft

    2882 School Rd, Petoskey, MI 49770

    Location, Location, Location! Nestled between the crystal-clear waters of Walloon Lake and Lake Michigan, this welcoming home offers the perfect blend of Up North serenity and convenient access to the best of Northern Michigan living. Located just minutes from downtown Petoskey, you'll enjoy easy access to: • Unique boutiques and shops • Local breweries and wineries • World-class rock hunting and

    Agent Photo

    Todd Jansen

    CENTURY 21 REALTY NORTH-HOUGHTON LK

    (231) 272-2384

    2882 School Rd, Petoskey, MI 49770
  • /14

    $389,000

    • Land
    • 0.62 Acre
    • $627,419 per Acre

    1750 Spring St, Petoskey, MI 49770

    Multi-Family site with views over Petoskey and Little Traverse Bay. Zoned for Residential low density multi-family. Located close to Petoskey and close proximity to major shopping and dining areas. Water and sewer nearby.

    Brad Rellinger Harbor Sothebys International Realty

    1750 Spring St, Petoskey, MI 49770
  • /25

    $399,000

    • 1 Bed
    • 2 Baths
    • 1,097 Sq Ft

    4205 Main St, Bay Harbor, MI 49770

    This luxury one-bedroom condo is in Bay Harbor's desirable Marina District. Turnkey luxury awaits! Features an equipped kitchen and cozy gas fireplace. Recently renovated with Pergo floors, fresh paint, new furnishings, and original artwork. Experience the ultimate resort lifestyle: situated directly above the Village's finest shops, restaurants, and studios. Enjoy stunning views of the Village

    Craig Stolzenfels Harbor Sothebys International Realty

    4205 Main St, Bay Harbor, MI 49770
  • /17

    $314,900

    • 2 Beds
    • 1 Bath
    • 840 Sq Ft

    204 Winfield Ave, Petoskey, MI 49770

    This cozy, well-maintained two-bedroom, one-bath home is tucked along a quiet side street just minutes from downtown Petoskey. Inside, you’ll find a light-filled kitchen partially open to the living area, creating an easy, comfortable layout for everyday living. Sliding doors in the living room lead to a deck overlooking a sizable, fenced backyard complete with a storage shed — an ideal space for

    Pete Platte Gaslight Group Properties

    204 Winfield Ave, Petoskey, MI 49770
  • /41

    $360,000

    • 1 Bed
    • 1 Bath
    • 192 Sq Ft

    2067 Bluestem Dr Unit 264, Petoskey, MI 49770

    Discover the perfect Northern Michigan getaway on this beautifully wooded lot at Hearthside Grove - designed for the ultimate summer RV lifestyle and ready for year-round enjoyment. Spend your days swimming or relaxing by the resort pool, playing pickleball on the 4 resort courts, playing games in the clubhouse or mingling with neighbors. Venture off-site to enjoy the very best of northern

    Phyllis Burkee Jack Van Treese & Assoc..

    2067 Bluestem Dr Unit 264, Petoskey, MI 49770
  • /20

    $349,900

    • 4 Beds
    • 2.5 Baths
    • 2,026 Sq Ft

    944 Windsong Place, Petoskey, MI 49770

    Welcome to this charming and meticulously cared-for 4-bedroom, 2.5-bathroom home, located in the desirable Windsong Woods subdivision. This spacious property features an additional office room on the lower level, perfect for working from home or as a quiet retreat. Step into the heated two-car garage, complete with a large loft above—ideal for extra storage, a home office, or even conversion into

    Kenneth Heath EXP Realty

    944 Windsong Place, Petoskey, MI 49770
  • /24

    $371,900 New Construction

    • 3 Beds
    • 2 Baths
    • 1,520 Sq Ft

    1624 Pond Cir Unit 67, Petoskey, MI 49770

    COMING SOON! Waking up each morning in this beautiful 3-bedroom, 2-bathroom home, offering 1,520 sq. ft. of thoughtfully designed space that embraces the beauty of Northern Michigan's changing seasons. Step onto your back deck to take in the peaceful water views-an inspiring way to start your day. Inside, the open-concept layout creates a warm and inviting atmosphere, perfect for entertaining or

    Heidi Shearer Pine Pond Homes

    1624 Pond Cir Unit 67, Petoskey, MI 49770
  • /27

    $345,000

    • 2 Beds
    • 2 Baths
    • 1,116 Sq Ft

    1477 Castle Dr, Petoskey, MI 49770

    Now offering this nicely maintained 2-bedroom, 2-bath ground-floor condominium unit in the sought after Meadows Association. An open floor plan, granite kitchen countertops, laminate flooring, and a private one-car garage blend functionality with comfortable, low-maintenance living. Conveniently located near shopping, a movie theater, the hospital, and just minutes from downtown Petoskey and all

    Pete Platte Gaslight Group Properties

    1477 Castle Dr, Petoskey, MI 49770
  • /39

    $329,900

    • 3 Beds
    • 2 Baths
    • 1,200 Sq Ft

    9410 Pickerel Lake Rd, Petoskey, MI 49770

    Enjoy the best of Northern Michigan living just minutes from Petoskey, Alanson, and Pickerel Lake. Recently refreshed, this cozy home features brand new flooring, updated bathrooms, and warm, welcoming feel throughout. Step outside to enjoy the brand-new deck overlooking a spacious, quiet, and serene backyard—perfect for relaxing, entertaining, or enjoying Northern Michigan’s beautiful seasons.

    Abbie Gerred Coldwell Banker Schmidt - Boyne City

    9410 Pickerel Lake Rd, Petoskey, MI 49770
  • /31

    $329,900

    • 3 Beds
    • 1 Bath
    • 1,446 Sq Ft

    431 Carleton St, Petoskey, MI 49770

    Charming 3-bedroom, 1-bath in-town home just a short walk to downtown and close to schools. This 100-year-old home blends character with key updates, including an updated kitchen, new roof in 2025, and a Foundation Systems of Michigan basement. Property features a large fenced backyard and detached shed.

    Jeff Patton Coldwell Banker Schmidt - Petoskey

    431 Carleton St, Petoskey, MI 49770
  • /26

    $369,900

    • 3 Beds
    • 2 Baths
    • 1,520 Sq Ft

    1616 Pond Cir Unit 65, Petoskey, MI 49770

    Experience relaxed Northern Michigan living in this brand-new, never-lived-in pond-side home—fully furnished with custom pieces from downtown Petoskey’s Quiet Moose. Designed for simplicity and low maintenance, this home offers the perfect blend of comfort, convenience, and style in a growing community. Enjoy breathtaking westward views and the region’s famous sunset colors from your private 20'

    Bill Shearer Harbor Sothebys International Realty

    1616 Pond Cir Unit 65, Petoskey, MI 49770
  • /47

    $399,900

    • 4 Beds
    • 2 Baths
    • 1,518 Sq Ft

    1012 Jefferson Ave, Petoskey, MI 49770

    Indulge in the perks, ease, and joy of living in the heart of downtown Petoskey! Wonderful 4 bedroom/ 2 bath home with desirable features within short walking distance to the Gaslight District’s shopping and dining, NCMC walking trails, Washington Park, Bear River Valley Recreation Area, Little Traverse Bay waterfront and several Petoskey Schools campuses- unbeatable location for an unbeatable

    Tammy Hutchinson Alpine Realty Group

    1012 Jefferson Ave, Petoskey, MI 49770
  • /40

    $375,900

    • 5 Beds
    • 3 Baths
    • 2,300 Sq Ft

    316 Monroe St, Petoskey, MI 49770

    Downtown Living with Character & Space This 5-bedroom, 3-bath home has all the charm you’d expect in a downtown classic, with plenty of space for today’s lifestyle. Inside, you’ll find one of the bedrooms conveniently located on the main floor, along with a comfortable layout that works for both everyday living and entertaining. Full of character and unique details, this home is just minutes from

    Nancy Chomiczewski Berkshire Hathaway HomeServices Real Estate

    316 Monroe St, Petoskey, MI 49770
  • /32

    $379,900

    • 2 Beds
    • 1.5 Baths
    • 1,480 Sq Ft

    511 Bay St, Petoskey, MI 49770

    Prime location perfectly situated just a block from the heart of downtown Petoskey in the highly sought after Lower Eastside neighborhood. Walk anywhere in town; just a short stroll to schools, restaurants, shopping, and Little Traverse Bay waterfront million dollar sunsets. This historic home has been extensively updated and features 2 large bedrooms and 1.5 baths, plus a fantastic three-seasons

    Cam Braddock Gaslight Group Properties

    511 Bay St, Petoskey, MI 49770
  • /19

    $399,900

    • Land
    • 15 Acres
    • $26,660 per Acre

    862 S Ellsworth Rd, Petoskey, MI 49770

    If you're looking for Nature and Privacy look no further. This well cared for home has a large deck in back overlooking a beautifully landscaped pond with fish, acres of woods and two large garden areas with blackberries ready for picking. The three bedroom, two bath home features an open concept living area, 28x24 heated garage and 28x20 pole barn for all your toys. Don't miss out, set up an

    Mike Sherwood Re/Max North

    862 S Ellsworth Rd, Petoskey, MI 49770
  • /18

    $365,000

    • 4 Beds
    • 5 Baths
    • 3,850 Sq Ft

    319 W Mitchell St, Petoskey, MI 49770

    Located in the heart of Petoskey, this mixed-use property offers a rare investment opportunity just steps from downtown shopping, restaurants, waterfront parks, and McLaren Hospital. The property includes a duplex and 3 commercial spaces. The duplex has two 2-bedroom, 1-bath apartments with a year-round water view from the upper unit. Zoning allows the upper unit to be used as a vacation rental,

    Amanda Conklin Real Estate One

    319 W Mitchell St, Petoskey, MI 49770
  • /31

    $350,000

    • 4 Beds
    • 2 Baths
    • 1,816 Sq Ft

    513 Liberty St, Petoskey, MI 49770

    Charm, location, and income potential come together at this centrally located Petoskey duplex perfectly positioned between downtown, the waterfront, and McLaren Hospital. Ideal for investors or anyone looking to live in one unit and rent the other, this property offers flexibility and long-term value. The main-level unit features three bedrooms and an open kitchen and dining area. Upstairs, a

    Atty Belanger @properties Christie's International Real Estate - Petoskey

    513 Liberty St, Petoskey, MI 49770
  • /26

    $309,000

    • 2 Beds
    • 1 Bath
    • 1,050 Sq Ft

    1035 Emmet St, Petoskey, MI 49770

    This charming two-story home is ideally located within walking distance to downtown Petoskey and adjacent to Washington Park — the perfect spot to land in the heart of town. Emmet Street remains one of the more attainable locations near downtown, and the neighborhood continues to see exciting improvements, including the new Lumber Square, a popular local brewery, and a fitness center just steps

    Pete Platte Gaslight Group Properties

    1035 Emmet St, Petoskey, MI 49770
  • /39

    $324,000

    • 3 Beds
    • 2 Baths
    • 1,425 Sq Ft

    5160 Vis-A-vis Ln, Petoskey, MI 49770

    Nestled in a peaceful wooded setting, this charming home offers room for the whole family to relax and grow. Inside, you’ll find three spacious bedrooms, two full baths, a large living room, and a welcoming kitchen and dining area perfect for sharing meals together. A bonus room provides the ideal spot for a home office, playroom, or cozy den. Outside, there’s plenty of space to enjoy the fresh

    Doug Pelon Northern Real Estate Services

    5160 Vis-A-vis Ln, Petoskey, MI 49770

Home Trends in Petoskey, MI

Housing Trends

Median Sale Price
$505,000
Median Single Family Sale Price
$525,000
Median 2 Bedroom Sale Price
$345,000
Median 1 Bedroom Sale Price
$254,000
Average Price Per Sq Ft
$401
Number of Homes for Sale
108
Last 12 months Home Sales
201
Months of Supply
6.40
Median List Price
$639,500
Median Change From 1st List Price
0%
Median Home Sale Price YoY Change
14%
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