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City / Town Overview

Traverse City, MI

Aggregate real estate market report across all ZIPs in scope
Seller's Market
January 2026  ·  Source: Realtor.com

Market Overview

Active Listings
365
⇩ 3.9% vs 380 last year
Pending
99
27% pending ratio
Median Price
$547,666
⇧ 15.7% vs $473,534 last year
Average Price
$837,350
⇧ 18.8% vs $705,134 last year
Days on Market
91.6
⇩ 13.8% vs 106 days last year

Market Analysis

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.

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Included Areas

Traverse City: 49684, 49685, 49686, 49696

Market Context

ZIP coverage: 4  ·  Population: 77,926  ·  Median household income: $74,713

Typical home value: $291,895  ·  Homeownership rate: 74.3%

12-Month Trends

Historical Trend Charts

Median Price
Average Price
Days on Market
Total Listings
Pending Listings
Active Listings
New Listings