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TRAVERSE CITY, MI 49686

Real Estate Market Report  ·  Grand Traverse County
Balanced Market
September 2026  ·  Source: Realtor.com

Market Analysis

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

The TRAVERSE CITY, MI real estate market (49686) currently shows 183 active listings, with 41 pending sales. Homes are averaging 53 days on the market before going under contract.

Inventory has increased compared to last year, with 2 more homes available — giving buyers more choice.

Homes are selling faster, averaging 53 days on market compared to 66 days last year.

The median listing price has risen 20.9% year-over-year, from $394,975 to $477,450.

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Market Context

Market Context

Population: 25,282  ·  Density: 206.3/mi²  ·  Median household income: $67,279

Typical home value: $277,304  ·  Homeownership: 70.0%

Market Overview

Active Listings
183
⇧ 1.1% vs 181 last year
Pending
41
22% pending ratio
Median Price
$477,450
⇧ 20.9% vs $394,975 last year
Average Price
$834,947
⇧ 4% vs $802,514 last year
Days on Market
53
⇩ 19.7% vs 66 days last year

Price Per Square Foot

Median $/sqft
$342
⇧ 6.9% vs $320/sqft last year
Median Home Size
1,442 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 183 this year vs 181 last year
  • Days on market: 53 now vs 66 last year

Median & Average Pricing

Year over Year
  • Median: $477,450 (+20.9% YoY)
  • Average: $834,947 (+4% 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 23.7 miles — 535 listings ($388,269,470 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
49686Traverse City, MI 496860.0 mi147$94,110,135$356,225$640,205
49684Traverse City, MI 496848.5 mi119$127,431,031$749,900$1,070,849
49696Traverse City, MI 4969610.8 mi27$15,184,530$514,500$562,390
49621Cedar, MI 4962112.0 mi12$7,086,072$630,500$590,506
49685Traverse City, MI 4968512.2 mi64$42,004,992$472,400$656,328
49648Kewadin, MI 4964814.3 mi21$30,511,572$534,975$1,452,932
49637Grawn, MI 4963716.2 mi16$6,722,176$426,250$420,136
49649Kingsley, MI 4964918.0 mi27$13,070,592$438,225$484,096
49615Bellaire, MI 4961518.9 mi72$29,116,944$269,000$404,402
49643Interlochen, MI 4964319.6 mi19$12,595,594$447,000$662,926
49627Eastport, MI 4962721.5 mi1$1,850,000$1,850,000$1,850,000
49636Glen Arbor, MI 4963622.6 mi8$6,075,832$453,250$759,479
49630Empire, MI 4963023.7 mi2$2,510,000$1,255,000$1,255,000

Frequently Asked Questions

How many homes are for sale in TRAVERSE CITY, MI 49686?

As of September 2026, there are 183 active listings in TRAVERSE CITY, MI (zip code 49686), compared to 181 the prior year.

What is the median home price in TRAVERSE CITY, MI 49686?

The median listing price in TRAVERSE CITY, MI 49686 is $477,450 as of September 2026, a 20.9% increase from $394,975 the prior year.

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

Homes in TRAVERSE CITY, MI 49686 spend an average of 53 days on the market before going under contract, compared to 66 days the prior year.

Is it a seller's or buyer's market in TRAVERSE CITY, MI 49686?

Based on current inventory and days-on-market data as of September 2026, TRAVERSE CITY, MI 49686 is currently a Balanced Market. Inventory has increased compared to last year, with 2 more homes available — giving buyers more choice. Homes are selling faster, averaging 53 days on market compared to 66 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 49686 save an estimated $9,549 compared to a typical 5% commission on the median listing price of $477,450. 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.