If you need assistance, please call 810-344-7275

Melissa Macko
810-919-2921
License #: 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

$877,113

AVERAGE PRICE OF 276 HOMES

$1,125,125

AVERAGE PRICE OF 55 DISTRESSED HOMES

$2,266,299

AVERAGE PRICE OF 64 MULTI-MILLION DOLLAR HOMES

$1,109,908

AVERAGE PRICE OF 79 NEWLY BUILT HOMES

$842,450

AVERAGE PRICE OF 2 HOMES WITH A POOL

$724,186

AVERAGE PRICE OF 15 REDUCED PRICE HOMES

Average Home

Average Price $877,113
Avg Bedrooms 1.65 beds
Avg Bathrooms 1.58 baths

Average Price by Bedrooms

1 bedroom $499,372
2 bedrooms $599,879
3 bedrooms $979,811
4 bedrooms $1,619,079
5 bedrooms $736,971
Traverse City Home Price Trends
  9/2024 8/2024 7/2024 6/2024 5/2024
Total Listings 2,296 2,214 2,166 2,041 796
Average Price $679,526 $680,509 $685,414 $700,126 $634,373
Avg Price Change -0.14% -0.72% -2.15% +10.37% +3.33%
Median Price $413,885 $409,495 $408,984 $417,780 $404,662
Med Price Change +1.07% +0.12% -2.15% +3.24% +4.24%
Avg Bedrooms 1.68 beds 1.64 beds 1.61 beds 1.58 beds 1.5 beds
Avg Bathrooms 1.4 baths 1.39 baths 1.37 baths 1.35 baths 1.09 baths
Home Price by House Size
Total Homes Average Price Avg Days on Site
All Homes 276 $877,113 96 days
Distressed Homes 55 $1,125,125 104 days
Multi-Million Dollar Homes 64 $2,266,299 120 days
Newly Built Homes 79 $1,109,908 115 days
Homes with a Pool 2 $842,450 22 days
Reduced Price Homes 15 $724,186 94 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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