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TRAVERSE CITY, MI 49685

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

Neighborhoods in ZIP 49685

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Market Analysis

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

The TRAVERSE CITY, MI real estate market (49685) currently shows 64 active listings, with 18 pending sales. Homes are averaging 52 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 52 days on market compared to 45 days last year.

The median listing price has risen 5.2% year-over-year, from $449,000 to $472,400.

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: 21,120  ·  Density: 150.5/mi²  ·  Median household income: $75,035

Typical home value: $268,507  ·  Homeownership: 77.7%

Market Overview

Active Listings
64
⇩ 7.2% vs 69 last year
Pending
18
28% pending ratio
Median Price
$472,400
⇧ 5.2% vs $449,000 last year
Average Price
$656,328
⇧ 24% vs $529,251 last year
Days on Market
52
⇧ 15.6% vs 45 days last year

Price Per Square Foot

Median $/sqft
$300
⇧ 16.7% vs $257/sqft last year
Median Home Size
1,595 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 64 this year vs 69 last year
  • Days on market: 52 now vs 45 last year

Median & Average Pricing

Year over Year
  • Median: $472,400 (+5.2% YoY)
  • Average: $656,328 (+24% 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 22.6 miles — 266 listings ($259,010,069 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
49685Traverse City, MI 496850.0 mi65$46,600,905$524,950$716,937
49684Traverse City, MI 496847.1 mi130$152,226,100$774,500$1,170,970
49650Lake Ann, MI 496509.0 mi4$2,839,200$656,000$709,800
49621Cedar, MI 4962111.8 mi13$9,365,785$657,000$720,445
49620Buckley, MI 4962012.4 mi6$1,732,350$284,950$288,725
49664Maple City, MI 4966415.2 mi6$8,100,960$1,099,900$1,350,160
49640Honor, MI 4964016.4 mi7$3,607,660$550,000$515,380
49617Beulah, MI 4961716.7 mi12$14,781,360$1,125,000$1,231,780
49653Lake Leelanau, MI 4965318.9 mi7$12,926,550$1,685,000$1,846,650
49668Mesick, MI 4966820.4 mi7$2,587,319$288,000$369,617
49616Benzonia, MI 4961620.6 mi6$2,156,880$298,500$359,480
49630Empire, MI 4963021.2 mi3$2,085,000$695,000$695,000
49680South Boardman, MI 4968022.6 mi0$0$474,900$474,900

Frequently Asked Questions

How many homes are for sale in TRAVERSE CITY, MI 49685?

As of February 2026, there are 64 active listings in TRAVERSE CITY, MI (zip code 49685), compared to 69 the prior year.

What is the median home price in TRAVERSE CITY, MI 49685?

The median listing price in TRAVERSE CITY, MI 49685 is $472,400 as of February 2026, a 5.2% increase from $449,000 the prior year.

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

Homes in TRAVERSE CITY, MI 49685 spend an average of 52 days on the market before going under contract, compared to 45 days the prior year.

Is it a seller's or buyer's market in TRAVERSE CITY, MI 49685?

Based on current inventory and days-on-market data as of February 2026, TRAVERSE CITY, MI 49685 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 52 days on market compared to 45 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 49685 save an estimated $9,448 compared to a typical 5% commission on the median listing price of $472,400. 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.