Petersburg Real Estate
9 active listings · 63 sold in the past 12mo
$249,900
Median List Price
63
Sold (past 12mo)
64
Avg Days on Market
+19.3%
HFGⓘ
Household Formation Gap (HFG) is a secondary market indicator that measures hidden housing demand created by shrinking household sizes. As average household size decreases — due to divorce, single living, empty nesting, delayed marriage — more housing units are needed even without population growth. HFG compares the estimated number of households needed today versus 15 years ago: (population ÷ avg household size). This is a demographic trend signal, not a primary market indicator like income-based affordability or comparative market analysis. Source: U.S. Census Bureau, American Community Survey 5-Year Estimates (2009–2023), Tables B01003, B25010, B25001.
Active Listings
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Homes for Sale(9)
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For Sale
1/44
$649,900
2600 Meanwell Road, Petersburg, MI 49270
4 bd2 ba11.52 ac
Single Family
For Sale
1/61
$375,000
14844 Ida West Road, Petersburg, MI 49270
3 bd2 ba1.39 ac
Single Family
For Sale
1/9
$319,900
6772 Wells Road, Petersburg, MI 49270
3 bd1 ba1,100 sqft3.67 ac
Single Family
Under Contract
1/54
$289,900
8770 Summerfield Road, Petersburg, MI 49270
3 bd1 ba1.60 ac
Single Family
For Sale
1/24
$249,900
230 E Center Street, Petersburg, MI 49270
4 bd1 ba0.30 ac
Single Family
Under Contract
1/37
$200,000
140 W Vesey Street, Petersburg, MI 49270
2 bd1 ba1,156 sqft0.21 ac
Single Family
Under Contract
1/37
$200,000
144 Wood Street, Petersburg, MI 49270
4 bd2 ba0.17 ac
Single Family
For Sale
1/28
$198,900
16788 Ida West Road, Petersburg, MI 49270
3 bd1 ba1 ac
Single Family
For Sale
1/6
$155,000
29 E Vesey Street, Petersburg, MI 49270
4 bd2 ba0.45 ac
Single Family
Recently Sold(63)
Frequently Asked Questions about Petersburg
What is the current real estate inventory in Petersburg?
There are currently 9 active listings in Petersburg. The median asking price is $249,900.
What is the median home price in Petersburg?
Homes in Petersburg sell for a median of $249,900, drawn from 63 transactions over the past year.
How fast do homes sell in Petersburg?
The average days on market in Petersburg is 64, based on 63 recent transactions.
What school districts serve Petersburg?
Multiple school districts may serve Petersburg. Michigan school district boundaries are independent of city borders. The school district for a specific property depends on its exact location within the city.
Is Petersburg a buyer's or seller's market?
Petersburg is currently a seller's market, with 1.7 months of supply. That ratio comes from 9 active listings relative to 63 sales per year.
How much are property taxes in Petersburg?
Property taxes in Petersburg are based on a property's State Equalized Value (SEV), which is roughly 50% of market value, multiplied by the local millage rate. Homestead properties (primary residences) receive a lower rate than non-homestead. Tax bills are split into summer and winter installments.
What does demographic data show about housing demand in Petersburg?
Based on Census Bureau ACS 5-Year Estimates, the Household Formation Gap in Petersburg is +19.3%. Shrinking household sizes (from 2.55 to 2.66 persons per household) have increased the number of households needing housing by 77 since 2009 — independent of the 24.5% population growth. This is a secondary demographic indicator, not a primary market measure.