Traverse City Market Report
$634,320
AVERAGE PRICE OF 816 HOMES$2,174,921
AVERAGE PRICE OF 127 MULTI-MILLION DOLLAR HOMES$897,526
AVERAGE PRICE OF 135 NEWLY BUILT HOMES$895,000
AVERAGE PRICE OF 1 HOMES WITH A POOL$408,545
AVERAGE PRICE OF 11 REDUCED PRICE HOMESAverage Home
| Average Price | $634,320 |
| Avg Bedrooms | 1.55 beds |
| Avg Bathrooms | 1.12 baths |
Average Price by Bedrooms
| 1 bedroom | $395,427 |
| 2 bedrooms | $415,575 |
| 3 bedrooms | $749,049 |
| 4 bedrooms | $902,386 |
| 5 bedrooms | $1,582,106 |
Traverse City Home Price Trends
| 3/2025 | 2/2025 | 1/2025 | 12/2024 | 11/2024 | |
|---|---|---|---|---|---|
| Total Listings | 764 | 781 | 812 | 930 | 985 |
| Average Price | $616,951 | $643,885 | $597,722 | $612,505 | $626,523 |
| Avg Price Change | -4.37% | +7.72% | -2.47% | -2.29% | -2.49% |
| Median Price | $375,966 | $370,633 | $349,121 | $359,796 | $374,113 |
| Med Price Change | +1.44% | +6.16% | -3.06% | -3.98% | -5.11% |
| Avg Bedrooms | 1.5 beds | 1.48 beds | 1.43 beds | 1.52 beds | 1.62 beds |
| Avg Bathrooms | 1.07 baths | 1.06 baths | 1 bath | 1.06 baths | 1.13 baths |
Home Price by High School
| School Name | Total Homes | Average Price | Avg Days on Site |
|---|---|---|---|
| Traverse City High School | 2 | $65,000 | 33 days |
| Total Homes | Average Price | Avg Days on Site | |
|---|---|---|---|
| All Homes | 816 | $634,320 | 168 days |
| Multi-Million Dollar Homes | 127 | $2,174,921 | 182 days |
| Newly Built Homes | 135 | $897,526 | 176 days |
| Homes with a Pool | 1 | $895,000 | 40 days |
| Reduced Price Homes | 11 | $408,545 | 39 days |
