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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

$679,039

AVERAGE PRICE OF 1,200 HOMES

$1,044,459

AVERAGE PRICE OF 52 DISTRESSED HOMES

$2,294,071

AVERAGE PRICE OF 195 MULTI-MILLION DOLLAR HOMES

$861,495

AVERAGE PRICE OF 272 NEWLY BUILT HOMES

$704,958

AVERAGE PRICE OF 26 HOMES WITH A POOL

$522,146

AVERAGE PRICE OF 13 REDUCED PRICE HOMES

Average Home

Average Price $679,039
Avg Bedrooms 1.57 beds
Avg Bathrooms 1.43 baths

Average Price by Bedrooms

1 bedroom $478,378
2 bedrooms $511,210
3 bedrooms $826,549
4 bedrooms $1,447,325
5 bedrooms $999,708
Traverse City Home Price Trends
  11/2024 10/2024 9/2024 8/2024 7/2024
Total Listings 2,228 2,277 2,296 2,214 2,166
Average Price $656,945 $671,315 $679,526 $680,509 $685,414
Avg Price Change -2.19% -1.22% -0.14% -0.72% -2.15%
Median Price $388,676 $404,614 $413,885 $409,495 $408,984
Med Price Change -4.10% -2.29% +1.07% +0.12% -2.15%
Avg Bedrooms 1.61 beds 1.66 beds 1.68 beds 1.64 beds 1.61 beds
Avg Bathrooms 1.34 baths 1.39 baths 1.4 baths 1.39 baths 1.37 baths
Home Price by High School
School Name Total Homes Average Price Avg Days on Site
Traverse City West Senior High 69 $350,607 75 days
Home Price by House Size
Total Homes Average Price Avg Days on Site
All Homes 1,200 $679,039 120 days
Distressed Homes 52 $1,044,459 136 days
Multi-Million Dollar Homes 195 $2,294,071 150 days
Newly Built Homes 272 $861,495 135 days
Homes with a Pool 26 $704,958 90 days
Reduced Price Homes 13 $522,146 52 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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