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TRAVERSE CITY, MI 49686

Real Estate Market Report
Seller's Market
January 2026  ·  Source: Realtor.com

Market Overview

Active Listings
137
⇩ 6.2% vs 146 last year
Pending
28
20% pending ratio
Median Price
$359,500
⇧ 2.7% vs $349,900 last year
Average Price
$651,503
⇧ 16% vs $561,548 last year
Days on Market
96
⇩ 11.9% vs 109 days last year

Market Context

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

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

Market Analysis

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

The TRAVERSE CITY, MI real estate market (49686) currently shows 137 active listings, with 28 pending sales. Homes are averaging 96 days on the market before going under contract.

Inventory has tightened compared to last year, with 9 fewer active listings — creating more competition among buyers.

Homes are selling faster, averaging 96 days on market compared to 109 days last year.

The median listing price has risen 2.7% year-over-year, from $349,900 to $359,500.

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 Trends

Inventory & Days on Market

Year over Year
  • Listings: 137 this year vs 146 last year
  • Days on market: 96 now vs 109 last year

Median & Average Pricing

Year over Year
  • Median: $359,500 (+2.7% YoY)
  • Average: $651,503 (+16% 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

Nearby Real Estate Markets

Median Price Legend:
< $250K
$250K–$500K
$500K–$1M
$1M–$2M
> $2M
25 Nearby Zip Code Markets within 23.7 miles — 548 listings ($419,211,359 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
49686Traverse City, MI 496860.0 mi137$89,255,911$359,500$651,503
49684Traverse City, MI 496848.5 mi130$152,226,100$774,500$1,170,970
49696Traverse City, MI 4969610.8 mi33$17,549,895$480,000$531,815
49621Cedar, MI 4962112.0 mi13$9,365,785$657,000$720,445
49685Traverse City, MI 4968512.2 mi65$46,600,905$524,950$716,937
49648Kewadin, MI 4964814.3 mi26$35,026,940$437,450$1,347,190
49637Grawn, MI 4963716.2 mi20$8,246,540$419,900$412,327
49649Kingsley, MI 4964918.0 mi32$13,385,088$419,900$418,284
49615Bellaire, MI 4961518.9 mi59$22,893,298$265,000$388,022
49643Interlochen, MI 4964319.6 mi22$15,079,900$495,000$685,450
49627Eastport, MI 4962721.5 mi1$1,850,000$1,850,000$1,850,000
49636Glen Arbor, MI 4963622.6 mi7$5,645,997$407,500$806,571
49630Empire, MI 4963023.7 mi3$2,085,000$695,000$695,000

Frequently Asked Questions

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

As of January 2026, there are 137 active listings in TRAVERSE CITY, MI (zip code 49686), compared to 146 the prior year.

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

The median listing price in TRAVERSE CITY, MI 49686 is $359,500 as of January 2026, a 2.7% increase from $349,900 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 96 days on the market before going under contract, compared to 109 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 January 2026, TRAVERSE CITY, MI 49686 is currently a Seller's Market. Inventory has tightened compared to last year, with 9 fewer active listings — creating more competition among buyers. Homes are selling faster, averaging 96 days on market compared to 109 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 $7,190 compared to a typical 5% commission on the median listing price of $359,500. 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.