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.
Population: 77,926 · Density: 157.6/mi² · Median household income: $74,713
Typical home value: $291,895 · Homeownership: 74.3%