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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

$712,017

AVERAGE PRICE OF 2,089 HOMES

$2,143,457

AVERAGE PRICE OF 380 MULTI-MILLION DOLLAR HOMES

$1,043,738

AVERAGE PRICE OF 344 NEWLY BUILT HOMES

$1,247,170

AVERAGE PRICE OF 22 HOMES WITH A POOL

$497,909

AVERAGE PRICE OF 105 REDUCED PRICE HOMES

$1,200,956

AVERAGE PRICE OF 39 DISTRESSED HOMES

Average Home

Average Price $712,017
Avg Bedrooms 1.74 beds
Avg Bathrooms 1.44 baths

Average Price by Bedrooms

1 bedroom $436,701
2 bedrooms $496,370
3 bedrooms $863,591
4 bedrooms $1,129,597
5 bedrooms $1,774,384
Traverse City Home Price Trends
  5/2025 4/2025 3/2025 2/2025 1/2025
Total Listings 1,961 1,819 1,732 1,764 1,814
Average Price $687,830 $663,710 $654,135 $691,666 $634,750
Avg Price Change +3.63% +1.46% -5.74% +8.97% -2.39%
Median Price $434,676 $407,597 $395,763 $393,680 $369,969
Med Price Change +6.64% +2.99% +0.53% +6.41% -1.79%
Avg Bedrooms 1.63 beds 1.53 beds 1.45 beds 1.44 beds 1.43 beds
Avg Bathrooms 1.37 baths 1.31 baths 1.24 baths 1.24 baths 1.21 baths
Home Price by High School
School Name Total Homes Average Price Avg Days on Site
Traverse City High School 2 $65,000 94 days
Traverse City West Senior High 61 $531,078 98 days
Total Homes Average Price Avg Days on Site
All Homes 2,089 $712,017 144 days
Multi-Million Dollar Homes 380 $2,143,457 173 days
Newly Built Homes 344 $1,043,738 224 days
Homes with a Pool 22 $1,247,170 84 days
Reduced Price Homes 105 $497,909 84 days
Distressed Homes 39 $1,200,956 220 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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