Is Pelkie, MI 49958 a buyer’s or seller’s market?
Pelkie is a buyer’s market. With about 8 months of supply, buyers usually have more time and more room to negotiate on price and terms.
The Pelkie housing market right now
In the three months ending August 31, 2026, 0% of homes in Pelkie, MI 49958 sold above their list price, the typical home went under contract in 170 days and there were 8 months of supply. More than six months of supply favors buyers, who usually have more time and more room to negotiate. With only 2 sales, these figures can swing a lot from month to month.
Compared with the same period a year earlier, the share selling over asking fell from 17%, homes sold more slowly (55 days then) and the median sale price fell 36% to $170,926. Overall, Pelkie is less competitive than a year ago, which gives buyers more room.
Within Houghton County, homes here sell more slowly, and less often over asking, than in any other ZIP code in the county.
Nearby, Hubbell 49934 (67% sold over asking) and Dodgeville 49921 (50% sold over asking) are even more competitive.
Run the numbers for 49958
Nearby markets
Atlantic Mine 49905Seller’s market $122 /sq ftCalumet 49913Buyer’s market $97 /sq ftChassell 49916Balanced $226 /sq ftDodgeville 49921Seller’s market $167 /sq ft Browse all markets →Where Pelkie is
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Questions about Pelkie real estate
Is Pelkie a buyer’s or seller’s market?
A buyer’s market: there were 8 months of supply in Pelkie, MI 49958 in the three months ending August 31, 2026. Under four months usually favors sellers, and more than six favors buyers.
How fast do homes sell in Pelkie?
The typical home went under contract in 170 days in the latest three months.
Do homes in Pelkie sell over asking?
0% of homes sold above their original list price, and the typical sale closed at 92.5% of the list price.
What are property taxes in Pelkie?
About 1.16% of a home’s value a year in Houghton County, or roughly $4,640 on a $400,000 home.
What is the median home price in Pelkie?
The median sale price was $170,926 in the three months ending August 31, 2026, about $230 per square foot.
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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology