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Melissa Macko
810-919-2921
312019

Traverse City

Why you'd want to live in Traverse City

Traverse City, MI, located on the shores of Lake Michigan's Grand Traverse Bay, is renowned for its natural beauty, vibrant tourism industry, and outdoor recreational opportunities. Known as the "Cherry Capital of the World," the city hosts the annual National Cherry Festival, drawing visitors from around the country. Traverse City offers picturesque landscapes, including vineyards, wineries, and rolling hills, making it a popular destination for those seeking a mix of scenic tranquility and cultural charm. Its thriving downtown features a variety of shops, restaurants, and art galleries, adding to the city's appeal as a year-round destination for both tourists and residents.

Traverse City Market Report

$704,251

AVERAGE PRICE OF 2,256 HOMES

$2,209,687

AVERAGE PRICE OF 387 MULTI-MILLION DOLLAR HOMES

$1,059,254

AVERAGE PRICE OF 362 NEWLY BUILT HOMES

$1,194,587

AVERAGE PRICE OF 17 HOMES WITH A POOL

$578,423

AVERAGE PRICE OF 114 REDUCED PRICE HOMES

$1,145,540

AVERAGE PRICE OF 46 DISTRESSED HOMES

Average Home

Average Price $704,251
Avg Bedrooms 1.76 beds
Avg Bathrooms 1.43 baths

Average Price by Bedrooms

1 bedroom $418,443
2 bedrooms $499,531
3 bedrooms $808,605
4 bedrooms $1,118,463
5 bedrooms $1,826,533
Traverse City Home Price Trends
  6/2025 5/2025 4/2025 3/2025 2/2025
Total Listings 2,136 1,961 1,819 1,732 1,764
Average Price $709,509 $687,830 $663,710 $654,135 $691,666
Avg Price Change +3.15% +3.63% +1.46% -5.74% +8.97%
Median Price $445,497 $434,676 $407,597 $395,763 $393,680
Med Price Change +2.49% +6.64% +2.99% +0.53% +6.41%
Avg Bedrooms 1.74 beds 1.63 beds 1.53 beds 1.45 beds 1.44 beds
Avg Bathrooms 1.44 baths 1.37 baths 1.31 baths 1.24 baths 1.24 baths
Home Price by High School
School Name Total Homes Average Price Avg Days on Site
Traverse City High School 2 $65,000 115 days
Traverse City West Senior High 67 $477,150 86 days
Total Homes Average Price Avg Days on Site
All Homes 2,256 $704,251 143 days
Multi-Million Dollar Homes 387 $2,209,687 178 days
Newly Built Homes 362 $1,059,254 221 days
Homes with a Pool 17 $1,194,587 86 days
Reduced Price Homes 114 $578,423 79 days
Distressed Homes 46 $1,145,540 109 days
Real Estate For A CAUSE
8200 South Saginaw Street, Suite 200
Grand Blanc, MI 48439
810-344-7275

Fair Housing/Equal Opportunity
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