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Home prices, listings & rents by city and ZIP code.

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Median sale price
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Traverse City, MI: housing market trends

The median home sale price in Traverse City, MI was $490,766 for the three-month period ending September 2026. Sale prices were 25.8% higher than the same period one year earlier. These are area-level statistics; changes in the mix of homes sold can move the median.

Median sale price
$490,766
three-month period ending September 2026
Median sale price per sq ft
$359.64
three-month period ending September 2026
Active listings
311
three-month period ending September 2026
Typical monthly rent
$1,888
Rent index · August 2026

How is housing inventory changing?

There were 311 active listings for the three-month period ending September 2026. Active listings were 7.2% higher than the same period one year earlier. This counts homes active at any time during the period, not only those available on its final day.

How long are homes taking to sell?

The median time on market was 55 days for the three-month period ending September 2026. Sale prices, inventory, and selling time describe different parts of the market; none alone establishes what an individual home will sell for.

Home prices by property type

Published Redfin medians for each home type. Each row covers the three-month period ending in its listed month; missing values remain unavailable.

Property-type comparison for Traverse City, MI
Home typePeriod endingMedian sale priceSale price / sq ftHomes sold
All homesSeptember 2026$490,766$359.64112
Single-familySeptember 2026$512,296$330.8463
TownhousesSeptember 2026$730,009$315.551 · small sample
Condos / co-opsSeptember 2026$449,141$405.9847
Multifamily (2–4 units)September 2026$325,000$227.591 · small sample

Compare nearby housing markets

Published city and place figures. Check each row’s reporting period and source before comparing; these are separate markets, not neighborhood boundaries.

Nearby market comparison for Traverse City, MI
MarketMedian sale priceReporting period / source
Grawn, MI$224,8933 months ending September 2026 · Redfin
Williamsburg, MIUnavailableMonth ending unavailable date · Zillow
Interlochen, MI$425,0003 months ending July 2026 · Redfin
Cedar, MI$307,3543 months ending September 2026 · Redfin
Kingsley, MI$421,7993 months ending September 2026 · Redfin
Lake Ann, MI$515,0003 months ending August 2026 · Redfin

Recent sale-price history

All residential home types. Each row represents an overlapping three-month period ending in that month. Use the charts above for the full available history and home-type filters. Missing values remain unavailable.

Recent home sale prices for Traverse City, MI
Period endingMedian sale priceSale price / sq ftActive listings
September 2026$490,766$359.64311
August 2026$485,000$393.65325
July 2026$460,000$387.29334
June 2026$445,000$384.32314
May 2026$445,000$375.20253
April 2026$453,750$398.65212
March 2026$460,000$371.87206
February 2026$399,000$339.19210
January 2026$350,000$314.92215
December 2025$365,000$335.37243
November 2025$365,000$335.16279
October 2025$390,000$335.37297
September 2025$390,000$348.93290
August 2025$405,000$350.38309
July 2025$395,000$357.35315
June 2025$405,000$357.14309
May 2025$412,598$359.73303
April 2025$355,000$335.49264
March 2025$350,000$316.47212
February 2025$349,000$300.51227
January 2025$384,950$326.67247
December 2024$435,000$338.24244
November 2024$490,000$372.52266
October 2024$515,000$380.19305

Sources and definitions

Sale-price and property-type histories use Redfin where available. Redfin observations cover rolling three-month periods. Zillow Research supplies monthly home-value and rent indices and additional market series. Provider selection is shown in the chart details. Each metric retains its own reporting date.

Sale price per square foot describes completed sales with reported floor area; it is not a listing-price measure. Active listings count listings active during the reporting period. Home values and rents are typical-value indices, not sale-price or rent medians. ZIP map boundaries are Census ZCTAs and may differ from provider regions. Related ZIP associations do not imply containment within city boundaries.

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