Current Price

$229,690

1 Month Forecast

â–² $230,601

1-Year Forecast *

â–² $233,279

5-Year Forecast *

â–² $259,382

"Is it a good time to buy homes in Pennington?" "Does investing in real estate in Pennington (Minnesota State, Beltrami County) worth it?" According to our live Forecast System, buying a house in Pennington is a not so good short-term (1-year) investment*. The Pennington average house/property forecasts are updated every month with the latest median property prices by smart technical real estate market analysis. Q&A about "Pennington" 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 Pennington in Minnesota State, Beltrami County. If you are looking for homes for sale with good flipping profit, Pennington can be a profitable property investment option. The median price of an average house in Pennington was 229,690 USD on 2026-03-02. Based on our forecasts, a long-term increase is expected, the predicted price of an average home in the "Pennington" area is 259,382 USD by 2031-03-02. For a 5-year investment the profit is expected to be around +12.93% meaning that investing 100000 USD today may yield a profit of 12,927 USD by 2031.

Current Median Listing Price: 229,690 USD Median Listing Price Per Square Foot: 128 USD

Pennington 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.

Pennington (Minnesota 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.

Pennington Price Target

Pennington median home price target in 12 months: $233,279* (upside of 1.6%)

14 Years Historical Data

DateOpening priceClosing priceMinimum priceMaximum price
2024 $219,601 $229,690 $219,601 $229,690
2023 $205,277 $220,454 $205,277 $221,670
2022 $0 $205,363 $0 $208,380
2021 $0 $0 $0 $0
2020 $0 $0 $0 $0
2019 $0 $0 $0 $0
2018 $0 $0 $0 $0
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 Pennington Housing Market Forecast

How much does an average home cost in Pennington today?

The value of an average home (the listing price) in Pennington is $229,690 USD.

What is the average price per square foot in Pennington?

According to Walletinvestor the median price per square foot in Pennington is 128 USD.

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

Yes. The Pennington home prices may rise from 229,690 USD to 233,279 USD in one year.

Is it profitable to invest in Pennington homes?

Yes. The long-term profit potential is +1.56% in one year.

Will Pennington house prices fall / drop?

No. See above.

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

The predicted home sales price of a Pennington home in 2030 in Pennington is 252,627 USD.

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

The predicted home sales price of a Pennington home in 2035 in Pennington is 291,480 USD.

Will real estate prices decrease in Pennington?

According to our analysis, it is unlikely to happen.

Short-Term Outlook Based On The Last 12 Months

Pennington is the 23145. largest city in the United States, located in Minnesota State.

During the last 12 months the real estate prices in Beltrami, Pennington remained stable, looking at the past 12 months.

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

Median home values remained unchanged to 229,690 USD, between 2025-03-02 and 2026-03-02

The average annual profit of property investment was:

  • 1.662% in 2021
  • 0.172% in 2022
  • 1.602% in 2023
  • 1.152% in 2024
  • 0.108% in 2025
  • 1.912% in 2026

Based on our Pennington real estate market research and report the predicted sales prices will increase by 16.770% in the next 10 years.

Pennington (Minnesota) 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
Pennington Housing Market Forecast with Real Estate Prices for 2025
January 2025 230601 218379 242823
February 2025 231515 208826 254203
March 2025 232433 215233 249633
April 2025 233354 213052 253656
May 2025 234279 214365 254193
June 2025 235019 212928 257111
July 2025 234507 219733 249281
August 2025 233996 212936 255055
September 2025 233486 210604 256367
October 2025 233152 219163 247141
November 2025 233055 210915 255195
December 2025 233279 221615 244943
Pennington Housing Market Forecast with Real Estate Prices for 2026
January 2026 234204 219449 248959
February 2026 235132 219613 250651
March 2026 236064 219304 252825
April 2026 237000 224439 249561
May 2026 237939 216525 259354
June 2026 238883 225266 252499
July 2026 239829 221363 258296
August 2026 240147 218293 262000
September 2026 240327 219659 260995
October 2026 239803 215822 263783
November 2026 239280 225402 253158
December 2026 239516 226103 252929
Pennington Housing Market Forecast with Real Estate Prices for 2027
January 2027 240466 226038 254894
February 2027 241419 227175 255663
March 2027 241975 221891 262058
April 2027 241980 227703 256256
May 2027 241947 227430 256464
June 2027 242906 227846 257966
July 2027 243869 226554 261184
August 2027 244836 232104 257567
September 2027 245806 232533 259080
October 2027 246781 232714 260847
November 2027 247759 223726 271791
December 2027 248741 226603 270879
Pennington Housing Market Forecast with Real Estate Prices for 2028
January 2028 249727 224754 274700
February 2028 250717 229657 271777
March 2028 251711 229560 273861
April 2028 252506 238366 266647
May 2028 251956 239358 264554
June 2028 251406 233054 269759
July 2028 250858 227779 273937
August 2028 250500 236723 264278
September 2028 250396 236374 264418
October 2028 250637 230084 271189
November 2028 251630 233261 269999
December 2028 252627 227617 277638
Pennington Housing Market Forecast with Real Estate Prices for 2029
January 2029 253629 237397 269861
February 2029 254634 235027 274241
March 2029 255643 236215 275072
April 2029 256657 232274 281039
May 2029 257674 238349 277000
June 2029 258015 237890 278140
July 2029 258208 244781 271635
August 2029 257645 239610 275681
September 2029 257084 243715 270452
October 2029 257338 239581 275094
November 2029 258358 241048 275668
December 2029 259382 233703 285061
Pennington Housing Market Forecast with Real Estate Prices for 2030
January 2030 259979 242560 277397
February 2030 259984 239186 280783
March 2030 259950 243313 276586
April 2030 260980 239841 282119
May 2030 262014 247604 276425
June 2030 263053 241220 284886
July 2030 264096 242968 285223
August 2030 265143 243931 286354
September 2030 266194 251553 280834
October 2030 267249 242929 291568
November 2030 268308 244697 291919
December 2030 269372 253209 285534
Pennington Housing Market Forecast with Real Estate Prices for 2031
January 2031 270439 245829 295049
February 2031 271294 250676 291913
March 2031 270703 251483 289923
April 2031 270113 246883 293342
May 2031 269524 253891 285156
June 2031 269139 255413 282865
July 2031 269027 247235 290818
August 2031 269285 249358 289212
September 2031 270353 246291 294414
October 2031 271424 251882 290967
November 2031 272500 245795 299205
December 2031 273580 257986 289175

> 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.