The Traverse City housing market is somewhat competitive. The median sale price of a home in Traverse City was $445K over the last 3 months, up 9.8% since the same period last year. The median sale price per square foot in Traverse City is $425, up 23.9% since last year.
What is the housing market like in Traverse City today?
Over the three months ending June 2026, Traverse City home prices were up 9.8% compared to the same period last year, selling for a median price of $445K. On average, homes in Traverse City sell after 52 days on the market compared to 39 days last year. There were 95 homes sold in June this year, down from 110 last year.
All Home Types
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$444,758
+9.8% YoY | Jun 2026
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Jun 2026
Growth
% YoY
Traverse City, MI
$444,758
+9.8%
United States
To compare other locations to the Traverse City and U.S. housing market, enter a city, neighborhood, state, or zip code into the search bar. Learn which home features in Traverse City add value to a home.
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How hot is the Traverse City housing market?
Traverse City is somewhat competitive. Homes sell in 48 days.
0
100
59
Somewhat Competitive
Redfin Compete Score™
The Redfin Compete Score rates how competitive an area is on a scale of 0 to 100, where 100 is the most competitive.
Calculated over the last 3 months
Some homes get multiple offers.
The average homes sell for about 1% below list price and go pending in around 48 days.
Hot homes
can sell for around list price and go pending in around 30 days.
All Home Types
Sale-to-List PriceAll Home Types
Sale-to-List Price
(All Home Types)
99.3%
+0.3 pt YoY | Jun 2026
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Jun 2026
Growth
% YoY
Traverse City, MI
99.3%
+0.3 pt
United States
Traverse City Migration & Relocation Trends
No data on migration and relocation available in this area right now
School data provided by GreatSchools. School service boundaries are intended to be used as reference only. To verify enrollment eligibility for a property, contact the school directly.
Climate's impact on Traverse City housing
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that
could impact homes in Traverse City.
Flood Factor - Minor
3% of properties are at risk of severe flooding over the next 30 years
Flood Factor
Traverse City has a minor risk of flooding. 62 properties in Traverse City are likely to be
severely affected
by flooding over the next 30 years. This represents 3% of all properties in Traverse City. Flood risk is increasing slower than the national average.
Traverse City has minimal risk of severe winds over the next 30 years
Wind Factor
Traverse City has a Minimal Wind Factor®, which means there is a very low likelihood that hurricane, tornado or severe storm winds will impact this area.