Traverse City Market Report
$651,816
AVERAGE PRICE OF 1,004 HOMES$2,140,650
AVERAGE PRICE OF 157 MULTI-MILLION DOLLAR HOMES$798,962
AVERAGE PRICE OF 201 NEWLY BUILT HOMES$1,624,450
AVERAGE PRICE OF 2 HOMES WITH A POOL$504,490
AVERAGE PRICE OF 40 REDUCED PRICE HOMESAverage Home
| Average Price | $651,816 |
| Avg Bedrooms | 1.71 beds |
| Avg Bathrooms | 1.2 baths |
Average Price by Bedrooms
| 1 bedroom | $361,753 |
| 2 bedrooms | $430,523 |
| 3 bedrooms | $664,675 |
| 4 bedrooms | $975,345 |
| 5 bedrooms | $1,243,951 |
Traverse City Home Price Trends
| 8/2024 | 7/2024 | 6/2024 | 5/2024 | 4/2024 | |
|---|---|---|---|---|---|
| Total Listings | 959 | 924 | 854 | 796 | 739 |
| Average Price | $648,616 | $650,671 | $657,763 | $634,373 | $613,957 |
| Avg Price Change | -0.32% | -1.09% | +3.69% | +3.33% | +3.18% |
| Median Price | $397,381 | $397,714 | $410,306 | $404,662 | $388,193 |
| Med Price Change | -0.08% | -3.17% | +1.39% | +4.24% | -10.88% |
| Avg Bedrooms | 1.64 beds | 1.6 beds | 1.58 beds | 1.5 beds | 1.36 beds |
| Avg Bathrooms | 1.19 baths | 1.16 baths | 1.15 baths | 1.09 baths | .98 bath |
Home Price by High School
| School Name | Total Homes | Average Price | Avg Days on Site |
|---|---|---|---|
| Traverse City City School | 1 | $389,900 | 2 days |
Home Price by House Size
| Total Homes | Average Price | Avg Days on Site | |
|---|---|---|---|
| All Homes | 1,004 | $651,816 | 95 days |
| Multi-Million Dollar Homes | 157 | $2,140,650 | 112 days |
| Newly Built Homes | 201 | $798,962 | 103 days |
| Homes with a Pool | 2 | $1,624,450 | 3 days |
| Reduced Price Homes | 40 | $504,490 | 69 days |
