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

Arek / Sarina Leese
810-624-7416
License #: 455314

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

$644,278

AVERAGE PRICE OF 1,013 HOMES

$2,181,459

AVERAGE PRICE OF 158 MULTI-MILLION DOLLAR HOMES

$820,397

AVERAGE PRICE OF 179 NEWLY BUILT HOMES

$1,363,000

AVERAGE PRICE OF 3 HOMES WITH A POOL

$639,752

AVERAGE PRICE OF 38 REDUCED PRICE HOMES

Average Home

Average Price $644,278
Avg Bedrooms 1.67 beds
Avg Bathrooms 1.18 baths

Average Price by Bedrooms

1 bedroom $399,668
2 bedrooms $425,294
3 bedrooms $686,340
4 bedrooms $893,755
5 bedrooms $1,248,619
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 High School
School Name Total Homes Average Price Avg Days on Site
Central 2 $1,199,500 27 days
Home Price by House Size
Total Homes Average Price Avg Days on Site
All Homes 1,013 $644,278 105 days
Multi-Million Dollar Homes 158 $2,181,459 122 days
Newly Built Homes 179 $820,397 112 days
Homes with a Pool 3 $1,363,000 35 days
Reduced Price Homes 38 $639,752 58 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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