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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

$922,405

AVERAGE PRICE OF 245 HOMES

$1,335,636

AVERAGE PRICE OF 35 DISTRESSED HOMES

$2,102,406

AVERAGE PRICE OF 67 MULTI-MILLION DOLLAR HOMES

$1,326,653

AVERAGE PRICE OF 61 NEWLY BUILT HOMES

$895,000

AVERAGE PRICE OF 1 HOMES WITH A POOL

$508,377

AVERAGE PRICE OF 9 REDUCED PRICE HOMES

Average Home

Average Price $922,405
Avg Bedrooms 1.66 beds
Avg Bathrooms 1.56 baths

Average Price by Bedrooms

1 bedroom $544,620
2 bedrooms $620,098
3 bedrooms $1,149,567
4 bedrooms $1,245,574
5 bedrooms $1,789,980
Traverse City Home Price Trends
  4/2025 3/2025 2/2025 1/2025 12/2024
Total Listings 1,819 1,732 1,764 1,814 2,097
Average Price $663,710 $654,135 $691,666 $634,750 $649,936
Avg Price Change +1.46% -5.74% +8.97% -2.39% -1.08%
Median Price $407,597 $395,763 $393,680 $369,969 $376,597
Med Price Change +2.99% +0.53% +6.41% -1.79% -3.21%
Avg Bedrooms 1.53 beds 1.45 beds 1.44 beds 1.43 beds 1.52 beds
Avg Bathrooms 1.31 baths 1.24 baths 1.24 baths 1.21 baths 1.29 baths
Total Homes Average Price Avg Days on Site
All Homes 245 $922,405 134 days
Distressed Homes 35 $1,335,636 211 days
Multi-Million Dollar Homes 67 $2,102,406 173 days
Newly Built Homes 61 $1,326,653 232 days
Homes with a Pool 1 $895,000 66 days
Reduced Price Homes 9 $508,377 63 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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