Traverse City, MI Market Report

April 2026 Market Summary

The Traverse City real estate market in Michigan currently has 590 active listings with a median asking price of $364,900. Prices range from $2,850 to $5,549,000, with an average of $524,681. Buyers can expect to pay around $368 per square foot.

Land homes dominate the market at 35% of inventory, followed by Single Family at 33%. The typical listing offers 3 bedrooms and 2 bathrooms in 1,807 square feet. Homes spend an average of 276 days on market before going under contract.

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