Data as of January 2026. Source: Realtor.com.
The Traverse City, MI real estate market currently shows 365 active listings, with 99 pending sales. Homes are averaging 91.6 days on the market before going under contract.
Inventory has tightened compared to last year, with 15 fewer active listings — creating more competition among buyers.
Homes are selling faster, averaging 91.6 days on market compared to 106.3 days last year.
The median listing price has risen 15.7% year-over-year, from $473,534 to $547,666.
Whether you are buying or selling in Traverse City, MI, SELL123.com can help you save significantly on commission — typically 2% compared to traditional 5% broker fees. Call (240) SELL-123 for a free consultation.
ZIP coverage: 4 · Population: 77,926 · Median household income: $74,713
Typical home value: $291,895 · Homeownership rate: 74.3%