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TRAVERSE CITY, MI 49684

Real Estate Market Report
Balanced Market
February 2026  ·  Source: Realtor.com

Market Analysis

Data as of February 2026. Source: Realtor.com.

The TRAVERSE CITY, MI real estate market (49684) currently shows 119 active listings, with 38 pending sales. Homes are averaging 119 days on the market before going under contract.

Inventory has tightened compared to last year, with 5 fewer active listings — creating more competition among buyers.

Homes are taking longer to sell, averaging 119 days on market compared to 106 days last year.

The median listing price has risen 22.9% year-over-year, from $609,950 to $749,900.

Whether you are buying or selling in TRAVERSE CITY, MI, SELL123.com can help you save significantly on commission — typically 2% compared to traditional 5% broker fees. Call (240) SELL-123 for a free consultation.

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Market Context

Market Context

Population: 21,171  ·  Density: 155.0/mi²  ·  Median household income: $73,730

Typical home value: $341,200  ·  Homeownership: 67.7%

Market Overview

Active Listings
119
⇩ 4% vs 124 last year
Pending
38
32% pending ratio
Median Price
$749,900
⇧ 22.9% vs $609,950 last year
Average Price
$1,070,849
⇧ 12.1% vs $954,915 last year
Days on Market
119
⇧ 12.3% vs 106 days last year

Price Per Square Foot

Median $/sqft
$464
⇧ 10.5% vs $420/sqft last year
Median Home Size
1,537 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 119 this year vs 124 last year
  • Days on market: 119 now vs 106 last year

Median & Average Pricing

Year over Year
  • Median: $749,900 (+22.9% YoY)
  • Average: $1,070,849 (+12.1% YoY)

12-Month Price Trend

Median & Average
  • Median and average listing prices over the past 12 months

12-Month Inventory Trend

Active & Pending
  • Active and pending listing counts over the past 12 months

Historical Trend Charts

Median Price
Average Price
Days on Market
Total Listings
Pending Listings
Active Listings
New Listings
Price Per Sqft
Price Reduced %

Nearby Real Estate Markets

Median Price Legend:
< $250K
$250K–$500K
$500K–$1M
$1M–$2M
> $2M
25 Nearby Zip Code Markets within 23.9 miles — 389 listings ($374,722,909 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
49684Traverse City, MI 496840.0 mi130$152,226,100$774,500$1,170,970
49685Traverse City, MI 496857.1 mi65$46,600,905$524,950$716,937
49650Lake Ann, MI 496509.8 mi4$2,839,200$656,000$709,800
49653Lake Leelanau, MI 4965311.8 mi7$12,926,550$1,685,000$1,846,650
49682Suttons Bay, MI 4968212.6 mi13$15,780,297$1,000,000$1,213,869
49696Traverse City, MI 4969613.9 mi33$17,549,895$480,000$531,815
49690Williamsburg, MI 4969015.6 mi31$36,068,066$659,000$1,163,486
49629Elk Rapids, MI 4962916.9 mi9$7,398,603$486,700$822,067
49649Kingsley, MI 4964918.4 mi32$13,385,088$419,900$418,284
49617Beulah, MI 4961719.7 mi12$14,781,360$1,125,000$1,231,780
49683Thompsonville, MI 4968321.2 mi17$10,862,405$449,000$638,965
49648Kewadin, MI 4964821.7 mi26$35,026,940$437,450$1,347,190
49612Alden, MI 4961223.9 mi10$9,277,500$613,250$927,750

Frequently Asked Questions

How many homes are for sale in TRAVERSE CITY, MI 49684?

As of February 2026, there are 119 active listings in TRAVERSE CITY, MI (zip code 49684), compared to 124 the prior year.

What is the median home price in TRAVERSE CITY, MI 49684?

The median listing price in TRAVERSE CITY, MI 49684 is $749,900 as of February 2026, a 22.9% increase from $609,950 the prior year.

How long do homes stay on the market in TRAVERSE CITY, MI?

Homes in TRAVERSE CITY, MI 49684 spend an average of 119 days on the market before going under contract, compared to 106 days the prior year.

Is it a seller's or buyer's market in TRAVERSE CITY, MI 49684?

Based on current inventory and days-on-market data as of February 2026, TRAVERSE CITY, MI 49684 is currently a Balanced Market. Inventory has tightened compared to last year, with 5 fewer active listings — creating more competition among buyers. Homes are taking longer to sell, averaging 119 days on market compared to 106 days last year.

How much can I save on real estate commission in TRAVERSE CITY, MI?

With SELL123.com's maximum 3% commission, sellers in TRAVERSE CITY, MI 49684 save an estimated $14,998 compared to a typical 5% commission on the median listing price of $749,900. Our fee structure: 1% listing + 2% selling broker — no additional buyer or seller fees. Call (240) SELL-123 or email info@SELL123.com for a free consultation.