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Foreclosure Homes in Pelkie, MI 49958

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Pelkie, MI Foreclosures

How much do homes sell for in Pelkie, MI?
The average home price is currently $160,074.
In Pelkie, MI, how many homes are available?
There are currently 2 active home listings available in Pelkie.
What’s the average rental cost in Pelkie, MI?
The average rental price in Pelkie is $1,247.
What is the most expensive home in Pelkie?
The most expensive home sold in Pelkie had a price of $951,965.
What is currently the cheapest priced home in Pelkie, MI?
The cheapest home for sale in Pelkie is priced at $32,000.

Living in Pelkie, MI

Pelkie is a serene community located in the heart of Michigan's Keweenaw Peninsula, known for its stunning natural landscapes and outdoor lifestyle. Residents enjoy a close-knit atmosphere with friendly neighbors and access to various recreational activities, including hiking, fishing, and winter sports. The charm of Pelkie lies in its ability to offer a peaceful retreat while still being in proximity to larger towns for shopping and dining.

Current Market Conditions in Pelkie, MI

The real estate market in Pelkie has shown a steady trend over the past few months. With a limited inventory and high demand, properties are selling quickly, often above listing price. Buyers are attracted by the scenic locations and affordable housing compared to urban areas.

There has been a noticeable interest from remote workers and retirees looking for a peaceful environment that allows for outdoor activities. This trend has increased competition in the housing market, pushing values higher.

Home Value Estimator For Pelkie, MI

There are currently 671 real estate properties in Pelkie, MI, with a median automated valuation model (AVM) price of $138,744.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Pelkie, MI, based on current market trends, comparable real estate sales nearby, historical data and, of course, property features, among other variables. These automated home estimates are often very helpful, providing buyers and sellers with a better idea of a home’s value ahead of the negotiation process. For example, the average home price in Pelkie, MI, is $160,074.00, with the most expensive house in Pelkie, MI, topping out at $951,965.00 and the cheapest home in Pelkie, MI, clocking in at $32,000.00. In other words, there’s something for every potential homebuyer or savvy investor in Pelkie, MI!

Rent Prices In Pelkie, MI

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Pelkie, MI, is on a rollercoaster ride. The average rent price in Pelkie, MI, is $1,247.00. Indeed, when looking to rent in Pelkie, MI, you can expect to pay as little as $460.00 or as much as $1,850.00, with the average rent median estimated to be $1,260.00. The good news is that finding an affordable and desirable property to rent in Pelkie, MI -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.

Pelkie, MI 49958 Foreclosures


Market Trend for Pelkie, MI

Total Listings Available: 2

Market Values:

Home Prices from $32,000 to $951,965

Average Sales Price: $160,074

Rental Values:

Rental from $460 to $1,850

Average Rent Value: $1,247 / month

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