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TRAVERSE CITY, MI 49696

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

Market Overview

Active Listings
33
⇩ 36.5% vs 52 last year
Pending
14
42% pending ratio
Median Price
$480,000
⇩ 6.1% vs $511,175 last year
Average Price
$531,815
⇩ 8.9% vs $583,836 last year
Days on Market
110
⇧ 44.7% vs 76 days last year

Market Context

Population: 10,353  ·  Density: 58.2/mi²  ·  Median household income: $94,223

Typical home value: $274,413  ·  Homeownership: 91.0%

Market Analysis

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

The TRAVERSE CITY, MI real estate market (49696) currently shows 33 active listings, with 14 pending sales. Homes are averaging 110 days on the market before going under contract.

Inventory has tightened compared to last year, with 19 fewer active listings — creating more competition among buyers.

Homes are taking longer to sell, averaging 110 days on market compared to 76 days last year.

The median listing price has fallen 6.1% year-over-year, from $511,175 to $480,000.

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: 33 this year vs 52 last year
  • Days on market: 110 now vs 76 last year

Median & Average Pricing

Year over Year
  • Median: $480,000 (-6.1% YoY)
  • Average: $531,815 (-8.9% 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

Nearby Real Estate Markets

Median Price Legend:
< $250K
$250K–$500K
$500K–$1M
$1M–$2M
> $2M
25 Nearby Zip Code Markets within 24.5 miles — 295 listings ($201,857,573 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
49696Traverse City, MI 496960.0 mi33$17,549,895$480,000$531,815
49690Williamsburg, MI 496908.5 mi31$36,068,066$659,000$1,163,486
49685Traverse City, MI 4968510.9 mi65$46,600,905$524,950$716,937
49680South Boardman, MI 4968011.7 mi0$0$474,900$474,900
49676Rapid City, MI 4967614.8 mi16$16,259,088$890,000$1,016,193
49633Fife Lake, MI 4963316.5 mi18$6,059,700$245,000$336,650
49643Interlochen, MI 4964317.4 mi22$15,079,900$495,000$685,450
49612Alden, MI 4961218.0 mi10$9,277,500$613,250$927,750
49650Lake Ann, MI 4965019.8 mi4$2,839,200$656,000$709,800
49668Mesick, MI 4966821.9 mi7$2,587,319$288,000$369,617
49682Suttons Bay, MI 4968222.5 mi13$15,780,297$1,000,000$1,213,869
49683Thompsonville, MI 4968323.9 mi17$10,862,405$449,000$638,965
49615Bellaire, MI 4961524.5 mi59$22,893,298$265,000$388,022

Frequently Asked Questions

How many homes are for sale in TRAVERSE CITY, MI 49696?

As of January 2026, there are 33 active listings in TRAVERSE CITY, MI (zip code 49696), compared to 52 the prior year.

What is the median home price in TRAVERSE CITY, MI 49696?

The median listing price in TRAVERSE CITY, MI 49696 is $480,000 as of January 2026, a 6.1% decrease from $511,175 the prior year.

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

Homes in TRAVERSE CITY, MI 49696 spend an average of 110 days on the market before going under contract, compared to 76 days the prior year.

Is it a seller's or buyer's market in TRAVERSE CITY, MI 49696?

Based on current inventory and days-on-market data as of January 2026, TRAVERSE CITY, MI 49696 is currently a Balanced Market. Inventory has tightened compared to last year, with 19 fewer active listings — creating more competition among buyers. Homes are taking longer to sell, averaging 110 days on market compared to 76 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 49696 save an estimated $9,600 compared to a typical 5% commission on the median listing price of $480,000. 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.