Central Traverse City, MI Housing Market
The Central Traverse City housing market is very competitive. The median sale price of a home in Central Traverse City was $610K last month, up 35.7% since last year. The median sale price per square foot in Central Traverse City is $381, down 10.6% since last year.
Central Traverse City Housing Market Trends
In March 2024, Central Traverse City home prices were up 35.7% compared to last year, selling for a median price of $610K. On average, homes in Central Traverse City sell after 37 days on the market compared to 64 days last year. There were 5 homes sold in March this year, up from 4 last year.
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How hot is the Central Traverse City housing market?
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 12 months
- Many homes get multiple offers, some with waived contingencies.
- The average homes sell for about 5% above list price and go pending in around 29 days.
- Hot homescan sell for about 11% above list price and go pending in around 14 days.
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 9 months
- Multiple offers are rare.
- The average homes sell for about 4% below list price and go pending in around 67 days.
- Hot homescan sell for around list price and go pending in around 22 days.
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 6 months
- Some homes get multiple offers.
- The average homes sell for about 1% below list price and go pending in around 37 days.
- Hot homescan sell for around list price and go pending in around 30 days.
Home offer insights for Central Traverse City
Recent offers
View houses in Central Traverse City that sold recently
Recently sold homes
- $1,250,000 Last Sold Price4 beds3 baths2,523 sq ft605 Sixth, Traverse City, MI 49684(231) 941-4500List Price$1,250,000Sale to List0% over listDays on Market0 days605 Sixth, Traverse City, MI 49684
- $890,000 Last Sold Price4 beds2.5 baths1,850 sq ft521 W Eighth, Traverse City, MI 49684List Price$965,000Sale to List8% under listDays on Market52 days521 W Eighth, Traverse City, MI 49684
- $600,000 Last Sold Price3 beds3 baths1,950 sq ft436 W Eleventh, Traverse City, MI 49684List Price$619,900Sale to List3% under listDays on Market56 days436 W Eleventh, Traverse City, MI 49684
- $364,000 Last Sold Price2 beds1 bath1,270 sq ft626 W Tenth, Traverse City, MI 49684List Price$349,000Sale to List4% over listDays on Market31 days626 W Tenth, Traverse City, MI 49684
- $572,320 Last Sold Price3 beds1 bath1,499 sq ft204 W Ninth, Traverse City, MI 49684List Price$575,000Sale to List0% under listDays on Market39 days204 W Ninth, Traverse City, MI 49684
- $389,900 Last Sold Price3 beds1 bath1,000 sq ft634 W Twelfth, Traverse City, MI 49684List Price$389,900Sale to List0% over listDays on Market92 days634 W Twelfth, Traverse City, MI 49684
- $665,000 Last Sold Price3 beds2 baths2,008 sq ft518 W 11th, Traverse City, MI 49684List Price$665,000Sale to List0% over listDays on Market68 days518 W 11th, Traverse City, MI 49684
- $650,000 Last Sold Price3 beds2.5 baths1,915 sq ft442 Fifth, Traverse City, MI 49684List Price$650,000Sale to List0% over listDays on Market41 days442 Fifth, Traverse City, MI 49684
See all recently sold homes in Central Traverse City.
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Schools in Central Traverse City
- Elementary
- Middle
- High
GreatSchools Rating
6/10 Central Grade School Public • PreK-5 | 620 Students | 3 reviews |
6/10 Tcaps Montessori School Public • PreK-7 | 319 Students | 3 reviews |
Climate's impact on Central Traverse City housing
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that could impact homes in Central Traverse City.
Flood Factor - Minor
Flood Factor
Fire Factor - Moderate
Fire Factor
Wind Factor - Minimal
Wind Factor
Heat Factor - Minimal
Heat Factor
Transportation in Central Traverse City
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