Data as of April 2026. Source: Realtor.com.
The Traverse City, MI real estate market currently shows 359 active listings, with 108 pending sales. Homes are averaging 62 days on the market before going under contract.
Inventory has tightened compared to last year, with 60 fewer active listings — creating more competition among buyers.
Homes are taking longer to sell, averaging 62 days on market compared to 52.8 days last year.
The median listing price has risen 0% year-over-year, from $525,790 to $525,995.
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.
Population: 77,926 · Density: 157.6/mi² · Median household income: $74,713
Typical home value: $291,895 · Homeownership: 74.3%