Petoskey, MI Homes for Sale under $500,000

/44
$484,000
- 3 Beds
- 2 Baths
- 1,925 Sq Ft
420 Wachtel Ave, Petoskey, MI 49770

Light and bright is a theme in this classic downtown Petoskey home with water views on a great corner lot, an easy walk to shopping, dining, and the incredible walking/biking trails that connect Petoskey to the waterfront and neighboring communities. Great floor plan with tall ceilings and sunshine that flows through the main floor, boasting a clean neutral palette, large open rooms, and a

Michael MacCarthy Gaslight Group Properties

420 Wachtel Ave, Petoskey, MI 49770
/11
$449,000
- Land
- 24.5 Acres
- $18,327 per Acre
1951 Intertown Rd, Petoskey, MI 49770

Discover the perfect blend of open space and recreational opportunity with this rare 24.5+/- acre parcel located on Intertown Road in Petoskey. Ideally situated just south of Meijer and Walmart, this property offers the convenience of town with the tranquility of country living. The land features expansive flat open meadows—ideal for building your dream home, establishing a horse property, or

Patrick Leavy Kidd & Leavy Real Estate Co. LLC

1951 Intertown Rd, Petoskey, MI 49770
/25
$455,000
- 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
/31
$425,000
- 3 Beds
- 2 Baths
- 1,483 Sq Ft
11076 Botsford Ln, Petoskey, MI 49770

Charming Pickerel Lake Retreat! Welcome to this three-season family cottage nestled on a private lane near Camp Petosega, offering the perfect blend of Up North charm and comfort. The main cottage features 3 bedrooms and 2 baths, a warm, inviting living space, and a covered screened patio — ideal for relaxing summer evenings or entertaining guests outdoors. Also included is a 1-bedroom, 1-bath

Sarah Jones Key Realty One

11076 Botsford Ln, Petoskey, MI 49770
/30
$410,000
- 2 Beds
- 2 Baths
- 1,010 Sq Ft
600 Arlington Ave Unit 7, Petoskey, MI 49770

Desirable In-Town Condo with Panoramic Bay Views! Experience the best of Petoskey living in this meticulously maintained condo overlooking sparkling Little Traverse Bay. Enjoy breathtaking sunsets from the front balcony and peaceful morning light from the back deck. Inside, an open-concept layout connects a beautifully updated kitchen with granite countertops to bright, comfortable living spaces.

Lori Smith Bay North Realty Co.

600 Arlington Ave Unit 7, Petoskey, MI 49770
/17
$499,000
- Land
- 25.38 Acres
- $19,661 per Acre
00000 Willams Rd, Petoskey, MI 49770

LOCATION !! Welcome to one of the few large parcels left within 2 miles of downtown Petoskey and a stones throw to Walloon Lake. Rolling terrain and nice elevations makes for many opportunities for use, development, winery, family compound and so much more. Location is the key to this property and the many uses you have.

Logan Ciesielski Kidd & Leavy Real Estate Co. LLC

00000 Willams Rd, Petoskey, MI 49770
/32
$450,000
- 3 Beds
- 2 Baths
- 1,450 Sq Ft
8198 Horton Bay Rd, Petoskey, MI 49770

Welcome to your dream hobby farm, perfectly located between Petoskey, Boyne City, and Charlevoix. Set on 2.5 peaceful acres, this updated farmhouse offers a stylish blend of modern comfort and country charm. The exterior features a newly sided home, new windows, and a 40-foot covered front porch overlooking the expansive pasture and garden areas. The property is move-in ready for your hobby farm

Jeff Wellman @properties Christie's International Real Estate - Petoskey

8198 Horton Bay Rd, Petoskey, MI 49770
/21
$499,000
- Land
- 2.2 Acres
- $226,818 per Acre
1256 Pirates Way, Petoskey, MI 49770

Bring Your Vision to Life in Northern Michigan. Here’s your chance to create something special between Petoskey and Harbor Springs. With peaceful creek frontage, nearby amenities, and a special use permit already approved for hotel, motel, or motor inn use, this property is ready for your dream project. Past plans included a lodge and seven buildings with 22 total units—making it a great fit for

Pete Platte Gaslight Group Properties

1256 Pirates Way, Petoskey, MI 49770
/22
$439,900
- 1 Bed
- 2 Baths
- 1,243 Sq Ft
4200 Main St Unit 304 - 305, Bay Harbor, MI 49770

Price Improvement! Attractively renovated Captain Suite in the Bay Harbor Marina District with views of Lake Michigan. Offered fully furnished, this spacious condominium includes a Double Queen bedroom, Murphy bed and two full baths. Enjoy the comforts of sophisticated furnishings and decor with an open floor plan and balcony with a view of Lake Michigan. All furniture, furnishings linens and TV

Lori Jodar Lori Jodar & Company

4200 Main St Unit 304 - 305, Bay Harbor, MI 49770
/23
$500,000
- Land
- 1 Acre
- $500,000 per Acre
Lot 2 Leeward Dr, Petoskey, MI 49770

Lakefront property on an island surrounded by 53 acres of Little Traverse Conservancy property and 5,000 feet of lake frontage. Three exceptional lots on Oden Island are available where you can build your dream home with a view of beautiful Crooked Lake. These unique parcels are the home to giant pine trees and include approximately 130 feet of lake frontage each. An approved community

Jack Van Treese Jack Van Treese & Assoc..

Lot 2 Leeward Dr, Petoskey, MI 49770
/24
$400,000
- Land
- 1 Acre
- $400,000 per Acre
Lot 1 Leeward Dr, Petoskey, MI 49740

Lakefront property on an island surrounded by 53 acres of Little Traverse Conservancy property and 5,000 feet of lake frontage. Three exceptional lots on Oden Island are available where you can build your dream home with a view of beautiful Crooked Lake. These unique parcels are the home to giant pine trees and include approximately 130 feet of lake frontage each. An approved community

Jack Van Treese Jack Van Treese & Assoc..

Lot 1 Leeward Dr, Petoskey, MI 49740

Michigan Emmet County Petoskey

Home Trends in Petoskey, MI

On average, homes in Petoskey, MI sell after 77 days on the market compared to the national average of 53 days. The median sale price for homes in Petoskey, MI over the last 12 months is $507,500, up 24% from the median home sale price over the previous 12 months.

Housing Trends

Median Sale Price

$507,500

Median Single Family Sale Price

$525,000

Median 2 Bedroom Sale Price

$345,000

Median 1 Bedroom Sale Price

$270,750

Average Price Per Sq Ft

$378

Number of Homes for Sale

Last 12 months Home Sales

196

Months of Supply

5.40

Median List Price

$575,000

Median Change From 1st List Price

Median Home Sale Price YoY Change

24%

How to Buy a Home How to Finance a Home How to Sell a Home

In Petoskey, you'll encounter a variety of homes and houses for sale priced under $500,000, providing affordable options for potential buyers. With 11 listings available, there's a wide selection to explore, from charming bungalows to contemporary townhouses. These properties offer an opportunity to enter the real estate market or diversify your investment portfolio without exceeding your budget. Discover the range of homes for sale under 500k in Petoskey, MI and find the perfect fit for your homeownership goals.

Petoskey Types of Homes for Sale

Petoskey Homes by Price

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