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TRAVERSE CITY, MI 49685

Real Estate Market Report
Balanced Market
July 2026  ·  Source: Realtor.com

Neighborhoods in ZIP 49685

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Market Analysis

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

The TRAVERSE CITY, MI real estate market (49685) currently shows 126 active listings, with 40 pending sales. Homes are averaging 35 days on the market before going under contract.

Inventory has increased compared to last year, with 18 more homes available — giving buyers more choice.

Homes are selling faster, averaging 35 days on market compared to 54 days last year.

The median listing price has risen 12% year-over-year, from $509,200 to $570,500.

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: 21,120  ·  Density: 150.5/mi²  ·  Median household income: $75,035

Typical home value: $268,507  ·  Homeownership: 77.7%

Market Overview

Active Listings
126
⇧ 16.7% vs 108 last year
Pending
40
32% pending ratio
Median Price
$570,500
⇧ 12% vs $509,200 last year
Average Price
$735,779
⇧ 17.9% vs $624,304 last year
Days on Market
35
⇩ 35.2% vs 54 days last year

Price Per Square Foot

Median $/sqft
$294
⇧ 2.8% vs $286/sqft last year
Median Home Size
1,845 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 126 this year vs 108 last year
  • Days on market: 35 now vs 54 last year

Median & Average Pricing

Year over Year
  • Median: $570,500 (+12% YoY)
  • Average: $735,779 (+17.9% YoY)

12-Month Price Trend

Median & Average
  • Median and average listing prices over the past 12 months

12-Month Inventory Trend

Active & Pending
  • Active and pending listing counts over the past 12 months

Historical Trend Charts

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

Nearby Real Estate Markets

Median Price Legend:
< $250K
$250K–$500K
$500K–$1M
$1M–$2M
> $2M
25 Nearby Zip Code Markets within 22.6 miles — 249 listings ($223,143,761 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
49685Traverse City, MI 496850.0 mi64$42,004,992$472,400$656,328
49684Traverse City, MI 496847.1 mi119$127,431,031$749,900$1,070,849
49650Lake Ann, MI 496509.0 mi6$4,688,724$711,425$781,454
49621Cedar, MI 4962111.8 mi12$7,086,072$630,500$590,506
49620Buckley, MI 4962012.4 mi9$2,608,938$259,675$289,882
49664Maple City, MI 4966415.2 mi7$9,661,260$1,250,000$1,380,180
49640Honor, MI 4964016.4 mi5$5,685,415$743,750$1,137,083
49617Beulah, MI 4961716.7 mi7$9,152,997$1,371,225$1,307,571
49653Lake Leelanau, MI 4965318.9 mi6$7,925,880$995,000$1,320,980
49668Mesick, MI 4966820.4 mi6$1,892,280$228,225$315,380
49616Benzonia, MI 4961620.6 mi4$1,741,372$477,425$435,343
49630Empire, MI 4963021.2 mi2$2,510,000$1,255,000$1,255,000
49680South Boardman, MI 4968022.6 mi2$754,800$377,400$377,400

Frequently Asked Questions

How many homes are for sale in TRAVERSE CITY, MI 49685?

As of July 2026, there are 126 active listings in TRAVERSE CITY, MI (zip code 49685), compared to 108 the prior year.

What is the median home price in TRAVERSE CITY, MI 49685?

The median listing price in TRAVERSE CITY, MI 49685 is $570,500 as of July 2026, a 12% increase from $509,200 the prior year.

How long do homes stay on the market in TRAVERSE CITY, MI?

Homes in TRAVERSE CITY, MI 49685 spend an average of 35 days on the market before going under contract, compared to 54 days the prior year.

Is it a seller's or buyer's market in TRAVERSE CITY, MI 49685?

Based on current inventory and days-on-market data as of July 2026, TRAVERSE CITY, MI 49685 is currently a Balanced Market. Inventory has increased compared to last year, with 18 more homes available — giving buyers more choice. Homes are selling faster, averaging 35 days on market compared to 54 days last year.

How much can I save on real estate commission in TRAVERSE CITY, MI?

With SELL123.com's maximum 3% commission, sellers in TRAVERSE CITY, MI 49685 save an estimated $11,410 compared to a typical 5% commission on the median listing price of $570,500. Our fee structure: 1% listing + 2% selling broker — no additional buyer or seller fees. Call (240) SELL-123 or email info@SELL123.com for a free consultation.