Current Price

$134,398

1 Month Forecast

â–² $155,020

1-Year Forecast *

â–² $162,772

5-Year Forecast *

â–² $169,775

"Is it a good time to buy homes in Pelkie?" "Does investing in real estate in Pelkie (Michigan State, Houghton County) worth it?" According to our live Forecast System, buying a house in Pelkie is a good short-term (1-year) investment*. The Pelkie average house/property forecasts are updated every month with the latest median property prices by smart technical real estate market analysis. Q&A about "Pelkie" projections.
At Walletinvestor.com we predict future home values/prices with real estate market analysis for a wide selection of properties, for example houses in Pelkie in Michigan State, Houghton County. If you are looking for homes for sale with good flipping profit, Pelkie can be a profitable property investment option. The median price of an average house in Pelkie was 134,398 USD on 2026-03-03. Based on our forecasts, a long-term increase is expected, the predicted price of an average home in the "Pelkie" area is 169,775 USD by 2031-03-03. For a 5-year investment the profit is expected to be around +26.32% meaning that investing 100000 USD today may yield a profit of 26,322 USD by 2031.

Current Median Listing Price: 134,398 USD Median Listing Price Per Square Foot: 75 USD

Pelkie Real Estate Forecast Chart, Short-Term Housing Market Forecast for The Upcoming Months and Year

The short-term real estate market forecast is based on the median home listing prices from the last 5 years.

Pelkie (Michigan State) Forecast Chart, Long-Term Predictions for Next Months and Years: 2026-2032

The long-term housing forecast is based on all the available median listing price recorded up to today.

Pelkie Price Target

Pelkie median home price target in 12 months: $162,772* (upside of 21.1%)

14 Years Historical Data

DateOpening priceClosing priceMinimum priceMaximum price
2025 $154,285 $153,792 $153,792 $160,874
2024 $134,156 $134,398 $132,850 $136,792
2023 $138,882 $136,036 $136,036 $148,711
2022 $120,734 $136,480 $120,734 $136,663
2021 $113,526 $117,003 $113,526 $120,423
2020 $107,258 $112,534 $102,541 $112,534
2019 $119,359 $108,167 $108,167 $119,359
2018 $0 $119,071 $0 $121,810
2017 $0 $0 $0 $0
2016 $0 $0 $0 $0
2015 $0 $0 $0 $0
2014 $0 $0 $0 $0
2013 $0 $0 $0 $0
2012 $0 $0 $0 $0

Questions & Answers about the Pelkie Housing Market Forecast

How much does an average home cost in Pelkie today?

The value of an average home (the listing price) in Pelkie is $134,398 USD.

What is the average price per square foot in Pelkie?

According to Walletinvestor the median price per square foot in Pelkie is 75 USD.

Will the median listing price of homes in Pelkie grow / rise / go up?

Yes. The Pelkie home prices may rise from 134,398 USD to 162,772 USD in one year.

Is it profitable to invest in Pelkie homes?

Yes. The long-term profit potential is +21.11% in one year.

Will Pelkie house prices fall / drop?

No. See above.

What is the predicted price of a Pelkie home in 2030?

The predicted home sales price of a Pelkie home in 2030 in Pelkie is 173,174 USD.

What is the predicted price of a Pelkie home in 2035?

The predicted home sales price of a Pelkie home in 2035 in Pelkie is 190,436 USD.

Will real estate prices decrease in Pelkie?

According to our analysis, it is unlikely to happen.

Short-Term Outlook Based On The Last 12 Months

Pelkie is the 18818. largest city in the United States, located in Michigan State.

During the last 12 months the real estate prices in Houghton, Pelkie decreased, looking at the past 12 months.

According to Walletinvestor's Pelkie real estate market research, home values will increase in the next 12 months.

Median home values decreased by 16.259% to 134,398 USD, between 2025-03-03 and 2026-03-03

The average annual profit of property investment was:

  • 19.802% in 2021
  • 21.502% in 2022
  • 19.722% in 2023
  • 21.642% in 2024
  • 19.472% in 2025
  • 22.672% in 2026

Based on our Pelkie real estate market research and report the predicted sales prices will increase by 578.987% in the next 10 years.

Over the last 12 months, the value of homes in Pelkie fluctuated: increasing 1 times and decreasing 3 times.

Pelkie (Michigan) Housing Market Price Prediction, Forecast for next months and years

Below you will find the price predictions for 2026, 2027, 2028, 2029, 2030, 2031, 2032, 2033.

Date Average price Minimum price Maximum price
Pelkie Housing Market Forecast with Real Estate Prices for 2025
August 2025 155020 141069 168972
September 2025 156365 146514 166216
October 2025 158453 146252 170654
November 2025 159780 145560 174001
December 2025 159710 150766 168653
Pelkie Housing Market Forecast with Real Estate Prices for 2026
January 2026 157946 145310 170582
February 2026 156201 147610 164793
March 2026 155510 142448 168573
April 2026 156422 147976 164869
May 2026 158511 143135 173886
June 2026 160627 150347 170907
July 2026 162772 148285 177258
August 2026 164945 151914 177975
September 2026 166275 153472 179079
October 2026 166940 155755 178125
November 2026 167067 156040 178093
December 2026 168169 157574 178764
Pelkie Housing Market Forecast with Real Estate Prices for 2027
January 2027 168701 153012 184390
February 2027 168890 158926 178855
March 2027 168336 155374 181298
April 2027 168665 157870 179459
May 2027 170917 159636 182197
June 2027 173198 163673 182724
July 2027 175511 162347 188674
August 2027 177854 162559 193149
September 2027 179533 169658 189407
October 2027 178670 168843 188497
November 2027 176697 159204 194190
December 2027 174745 161115 188376
Pelkie Housing Market Forecast with Real Estate Prices for 2028
January 2028 172976 156198 189755
February 2028 171747 161786 181709
March 2028 169851 153715 185986
April 2028 167975 154201 181749
May 2028 166120 149674 182565
June 2028 164502 149203 179801
July 2028 164834 155933 173735
August 2028 166151 154188 178114
September 2028 167460 159087 175833
October 2028 168524 153526 183523
November 2028 169084 160122 178045
December 2028 169384 157019 181749
Pelkie Housing Market Forecast with Real Estate Prices for 2029
January 2029 168204 154075 182333
February 2029 167191 155989 178393
March 2029 165810 157520 174101
April 2029 166419 156267 176571
May 2029 168641 152114 185168
June 2029 170892 161664 180121
July 2029 173174 163130 183218
August 2029 173586 164039 183134
September 2029 171669 159824 183514
October 2029 169773 154833 184713
November 2029 167898 156145 179651
December 2029 169240 157731 180748
Pelkie Housing Market Forecast with Real Estate Prices for 2030
January 2030 170708 154662 186755
February 2030 172987 157418 188556
March 2030 174436 158563 190310
April 2030 174359 157098 191621
May 2030 172433 160536 184331
June 2030 170529 158422 182637
July 2030 169775 155683 183866
August 2030 170770 161378 180163
September 2030 173050 156610 189490
October 2030 175361 165014 185707
November 2030 177702 168817 186587
December 2030 180074 168730 191419
Pelkie Housing Market Forecast with Real Estate Prices for 2031
January 2031 181527 172451 190603
February 2031 182253 170953 193552
March 2031 182391 165429 199353
April 2031 183594 165969 201219
May 2031 184175 170546 197804
June 2031 184382 167235 201530
July 2031 183777 168707 198847
August 2031 184136 170878 197393
September 2031 186594 167935 205253
October 2031 189085 179253 198918
November 2031 191610 180688 202531
December 2031 194168 177858 210478
Pelkie Housing Market Forecast with Real Estate Prices for 2032
January 2032 196000 176400 215600
February 2032 195059 179454 210663
March 2032 192904 182488 203321
April 2032 190774 171887 209661
May 2032 188843 177512 200173
June 2032 187501 177188 197813
July 2032 185430 174119 196741

> Page 2: detailed data / price table <

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* Our real estate forecasts and predictions are made by Machine Learning & AI, and shouldn't been used for financial decisions. We can't guarantee any profit.