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City / Town Overview

Traverse City, MI

Aggregate real estate market report across all ZIPs in scope
Balanced Market
March 2026  ·  Source: Realtor.com

Market Analysis

Data as of March 2026. Source: Realtor.com.

The Traverse City, MI real estate market currently shows 367 active listings, with 109 pending sales. Homes are averaging 75.2 days on the market before going under contract.

Inventory has tightened compared to last year, with 20 fewer active listings — creating more competition among buyers.

Homes are taking longer to sell, averaging 75.2 days on market compared to 68.2 days last year.

The median listing price has risen 11.1% year-over-year, from $489,485 to $544,004.

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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Market Context

Market Context

Population: 77,926  ·  Density: 157.6/mi²  ·  Median household income: $74,713

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

Included Areas

Traverse City: 49684, 49685, 49686, 49696

Area Map

Market Overview

Active Listings
367
⇩ 5.2% vs 387 last year
Pending
109
30% pending ratio
Median Price
$544,004
⇧ 11.1% vs $489,485 last year
Average Price
$792,586
⇧ 8.7% vs $729,244 last year
Days on Market
75.2
⇧ 10.3% vs 68 days last year

Price Per Square Foot

Median $/sqft
$370
⇧ 7.4% vs $344/sqft last year
Median Home Size
1,533 sqft
Typical listing size
12-Month $/sqft Trend

12-Month Trends

Historical Trend Charts

Median Price
Average Price
Days on Market
Total Listings
Pending Listings
Active Listings
New Listings
Price Per Sqft
Price Reduced %