New listing
6
$58,500
1185 Aster Ln
Traverse City, MI 49696
0 ba
Land16,988 sqft lot
More about this property
Traverse City, MI Housing Market & Real Estate
Buyer's market+44.1% YoY
Housing market overview · Updated weekly ·
Quick answer: The median home sale price in Traverse City, MI is $500,000, up 44.1% year-over-year. Homes sell in an average of 146 days with 133 active listings. The market is currently a buyer's market.
$500,000median sale price
Is Traverse City a buyer's or seller's market?
Buyer's market6.0 months of supply146 avg. days on market
Traverse City, MI is currently a buyer's market, based on 6.0 months of supply and homes selling in about 146 days. How we determine this →
Homes sold
22
Last 12 weeks
Days on market
146
Average pace
Active listings
133
6.0 months supply
Sale-to-list
95.0%
Below asking
Traverse City, MI market data
| Metric | Value |
|---|---|
| Median sale price | $500,000 |
| Median list price | $599,900 |
| Year-over-year price change | +44.1% |
| Average days on market | 146 days |
| Active inventory | 133 listings |
| Months of supply | 6.0 months |
| Sale-to-list price ratio | 95.0% |
| Market condition | Buyer's market |
Source: Redfin · Updated weekly
The Traverse City housing market is currently classified as a buyer's market with a median sale price of $500,000. Prices have risen 44.1% compared to last year, with homes spending an average of 146 days on market, indicating 6.0 months of inventory.This inventory level gives buyers significantly more negotiating power, allowing time to inspect properties thoroughly and potentially negotiate better terms.
Market trends
Homes for sale in Traverse City
There are currently 133 homes listed for sale in Traverse City, Michigan. The median listing price is $600K. Featured listings range from $58,500 to $1,000,000.
New listing
6
$58,500
1143 Aster Ln
Traverse City, MI 49696
0 ba
Land16,988 sqft lot
More about this property
New listing
6
$58,500
1165 Aster Ln
Traverse City, MI 49696
0 ba
Land16,988 sqft lot
More about this property
New listing
13
$58,500
1184 Aster Ln
Traverse City, MI 49696
0 ba
Land16,988 sqft lot
More about this property
New listing
6
$58,500
1199 Aster Ln
Traverse City, MI 49696
0 ba
Land16,988 sqft lot
More about this property
New listing
24
$107,900
843 Wind Drift Dr
Traverse City, MI 49684
0 ba
Land40,511 sqft lot
Est. $97K
More about this property
New listing
24
$115,000
2150 Friendship Dr
Traverse City, MI 49686
3 bd2 ba1,456 sqft
Mobile home
Est. $63K
More about this property
New listing
24
$117,900
865 Wind Drift Dr
Traverse City, MI 49684
0 ba
Land37,026 sqft lot
Est. $111K
More about this property
New listing
25
$259,900
1216 Hoch Rd
Traverse City, MI 49696
0 ba
Land23.03 acres
More about this property
New listing
24
$290,500
4469 S Curry Dr
Traverse City, MI 49685
3 bd1 ba1,886 sqft
House17,860 sqft lot
Est. $299KSold 2020 for $166K
More about this property
New listing
55
$840,000
188 Wildwood Meadow Dr Unit 10
Traverse City, MI 49686
3 bd3 ba3,000 sqft
Condo
More about this property
New listing
7
$1,000,000
7608 Peninsula Rd
Traverse City, MI 49686
0 ba
Land32,670 sqft lot
Est. $1.2MSold 2009 for $200K
More about this property
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Active listings
133
Homes on market
Median list price
$600K
Avg. days on market
146
Days until sale
New this week
39
Newly listed
Price drops:18.8%of listings
Sale-to-list:95.0%
Top public schools in Traverse City
26 schools tracked · 10,275 students
The largest public schools serving Traverse City, MI by enrollment, drawn from the National Center for Education Statistics. School quality is a commonly cited factor in home-buying decisions — these are the campuses families in this area are most likely to encounter.
West Senior High
Grades 9-12 · 1,471 students
Central High School
Grades 8-12 · 1,324 students
West Middle School
Grades 6-8 · 1,108 students
Grand Traverse Academy
Grades PK-12 · 798 students
East Middle School
Grades 6-8 · 779 students
Central Grade School
Grades PK-6 · 537 students
Eastern Elementary School
Grades PK-5 · 480 students
Willow Hill Elementary School
Grades PK-5 · 444 students
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
Explore nearby cities in MI
Frequently asked questions
What is the average home price in Traverse City?
The median home sale price in Traverse City is $500,000, up 44.1% from last year.
How long do homes stay on market in Traverse City?
Homes typically spend 146 days on market before going under contract.
Is Traverse City a buyer's or seller's market?
With 6.0 months of supply, Traverse City is currently a buyer's market.
How many homes are for sale in Traverse City?
There are currently 133 homes listed for sale in Traverse City, MI.
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