Traverse City, MI Home Values & Market Trends
Real estate market trends reflect that there have been 0 transactions over the past year in Traverse City. The median value for residential home transactions that occurred over the previous year is $525,000. The number of current listings in Traverse City is 1,669, and the percentage of properties for sale in the city is 1669.00%. Traverse City, MI currently has 7 properties in foreclosure, 0 bank owned properties, 7 properties headed for auction, and 1,669 properties for sale.
Traverse City, MI Real Estate Market Overview
Housing Market Summary for Traverse City, MI
| Oct 2025 | October 2026 | Change | |
|---|---|---|---|
| Median Listing Price | $485K | $499K | 2.89% |
| Median Sold Price | $0 | $0 | - |
| Homes For Sale | 1,388 | 1,667 | 20.10% |
| Homes Sold | 0 | 0 | - |
Price Per Square Foot
On an average, Single Family homes cost $33 more per sqft than Condos. In comparison with sales price/sqft last week, list price/sqft of Single Family homes increased by 1.93% whereas, list price/sqft of Condos increased by 9.38%.
Recently Sold Homes
Explore recent offers and recently sold homes in Traverse City, MI
Browse Homes in Traverse City, MI
Traverse City home values range from $89,900 to $5,549,000. The median estimated value of a home in Traverse City is $525,000. The median list price of a home is 499,000, and the total count of properties in the city is 1,683.
- Pre-ForeclosurePre-foreclosure homes account for 0% of all residential properties in Traverse City, MI with $[pre-foreclosures-highest-count-region] containing 0 pre-foreclosures, the highest number of pre-foreclosure properties in a single zip. There are 4 zips within Traverse City, MI; of those zips, the estimated home value for pre-foreclosure homes ranges from $0 in N/A to the lowest home value of $0 in $[pre-foreclosures-lowest-avm-region].
- Bank OwnedThe median estimated home value of bank owned homes (REO properties) in Traverse City, MI ranges from the highest value of $0 in N/A to the lowest value of $0 in N/A. Bank owned homes and properties account for 0% of properties in Traverse City, MI. There are 4 zips within Traverse City, MI; N/A containing 0 REO properties, has the highest number of bank owned properties in a single zip.
- Auctions49686 has 3 auction properties, the highest number of properties going to auction in a single zip in the state of Traverse City, MI. Auction homes and other auction properties account for 0.42% of all properties in Traverse City, MI. There are 4 zips within Traverse City, MI; of those zips, the median estimated home value for homes going to auction ranges from $2,500,000 in 49686 to the lowest value of $271,563 in 49686.
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More Real Estate Resources for Traverse City, MI
Guide for Traverse City, MI
Foreclosure is a term that can sometimes lead to confusion for those looking to make a real estate investment. In simple terms, it refers to the process where a lender takes possession of a property after the owner fails to keep up with their mortgage payments. When it comes to land, this means that buyers […]
Descubre todo lo que necesitas saber sobre cómo comprar una casa en ejecución hipotecaria.
Learn how to buy a foreclosed home in Chicago, Illinois.
Tips to find a home in pre-foreclosure and get a good deal on a new home.
