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TRAVERSE CITY, MI 49685

Real Estate Market Report
Buyer's Market
September 2026  ·  Source: Realtor.com

Neighborhoods in ZIP 49685

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Market Analysis

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

The TRAVERSE CITY, MI real estate market (49685) currently shows 122 active listings, with 30 pending sales. Homes are averaging 66 days on the market before going under contract.

Inventory has increased compared to last year, with 28 more homes available — giving buyers more choice.

Homes are taking longer to sell, averaging 66 days on market compared to 51 days last year.

The median listing price has fallen 8.1% year-over-year, from $518,725 to $476,548.

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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
122
⇧ 29.8% vs 94 last year
Pending
30
25% pending ratio
Median Price
$476,548
⇩ 8.1% vs $518,725 last year
Average Price
$679,642
⇧ 5.8% vs $642,447 last year
Days on Market
66
⇧ 29.4% vs 51 days last year

Price Per Square Foot

Median $/sqft
$287
⇩ 1% vs $290/sqft last year
Median Home Size
1,641 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 122 this year vs 94 last year
  • Days on market: 66 now vs 51 last year

Median & Average Pricing

Year over Year
  • Median: $476,548 (-8.1% YoY)
  • Average: $679,642 (+5.8% 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 September 2026, there are 122 active listings in TRAVERSE CITY, MI (zip code 49685), compared to 94 the prior year.

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

The median listing price in TRAVERSE CITY, MI 49685 is $476,548 as of September 2026, a 8.1% decrease from $518,725 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 66 days on the market before going under contract, compared to 51 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 September 2026, TRAVERSE CITY, MI 49685 is currently a Buyer's Market. Inventory has increased compared to last year, with 28 more homes available — giving buyers more choice. Homes are taking longer to sell, averaging 66 days on market compared to 51 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 $9,531 compared to a typical 5% commission on the median listing price of $476,548. 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.