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TRAVERSE CITY, MI 49696

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 (49696) currently shows 81 active listings, with 28 pending sales. Homes are averaging 43 days on the market before going under contract.

Inventory has increased compared to last year, with 19 more homes available — giving buyers more choice.

Homes are selling faster, averaging 43 days on market compared to 47 days last year.

The median listing price has fallen 5.7% year-over-year, from $575,000 to $542,450.

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Market Context

Market Context

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

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

Market Overview

Active Listings
81
⇧ 30.6% vs 62 last year
Pending
28
35% pending ratio
Median Price
$542,450
⇩ 5.7% vs $575,000 last year
Average Price
$588,056
⇩ 6.1% vs $626,254 last year
Days on Market
43
⇩ 8.5% vs 47 days last year

Price Per Square Foot

Median $/sqft
$305
⇩ 5% vs $321/sqft last year
Median Home Size
1,656 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 81 this year vs 62 last year
  • Days on market: 43 now vs 47 last year

Median & Average Pricing

Year over Year
  • Median: $542,450 (-5.7% YoY)
  • Average: $588,056 (-6.1% 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 24.5 miles — 296 listings ($195,939,749 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
49696Traverse City, MI 496960.0 mi27$15,184,530$514,500$562,390
49690Williamsburg, MI 496908.5 mi28$35,526,764$657,000$1,268,813
49685Traverse City, MI 4968510.9 mi64$42,004,992$472,400$656,328
49680South Boardman, MI 4968011.7 mi2$754,800$377,400$377,400
49676Rapid City, MI 4967614.8 mi18$17,129,412$744,950$951,634
49633Fife Lake, MI 4963316.5 mi14$4,752,706$239,950$339,479
49643Interlochen, MI 4964317.4 mi19$12,595,594$447,000$662,926
49612Alden, MI 4961218.0 mi9$8,992,737$452,500$999,193
49650Lake Ann, MI 4965019.8 mi6$4,688,724$711,425$781,454
49668Mesick, MI 4966821.9 mi6$1,892,280$228,225$315,380
49682Suttons Bay, MI 4968222.5 mi11$13,859,846$1,100,000$1,259,986
49683Thompsonville, MI 4968323.9 mi20$9,440,420$395,000$472,021
49615Bellaire, MI 4961524.5 mi72$29,116,944$269,000$404,402

Frequently Asked Questions

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

As of September 2026, there are 81 active listings in TRAVERSE CITY, MI (zip code 49696), compared to 62 the prior year.

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

The median listing price in TRAVERSE CITY, MI 49696 is $542,450 as of September 2026, a 5.7% decrease from $575,000 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 43 days on the market before going under contract, compared to 47 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 September 2026, TRAVERSE CITY, MI 49696 is currently a Balanced Market. Inventory has increased compared to last year, with 19 more homes available — giving buyers more choice. Homes are selling faster, averaging 43 days on market compared to 47 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 $10,849 compared to a typical 5% commission on the median listing price of $542,450. 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.