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TRAVERSE CITY, MI 49686

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 (49686) currently shows 147 active listings, with 36 pending sales. Homes are averaging 84 days on the market before going under contract.

Inventory has increased compared to last year, with 5 more homes available — giving buyers more choice.

Homes are selling faster, averaging 84 days on market compared to 108 days last year.

The median listing price has risen 1.9% year-over-year, from $349,450 to $356,225.

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: 25,282  ·  Density: 206.3/mi²  ·  Median household income: $67,279

Typical home value: $277,304  ·  Homeownership: 70.0%

Market Overview

Active Listings
147
⇧ 3.5% vs 142 last year
Pending
36
24% pending ratio
Median Price
$356,225
⇧ 1.9% vs $349,450 last year
Average Price
$640,205
⇧ 19.9% vs $533,975 last year
Days on Market
84
⇩ 22.2% vs 108 days last year

Price Per Square Foot

Median $/sqft
$305
⇧ 2.3% vs $298/sqft last year
Median Home Size
1,392 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 147 this year vs 142 last year
  • Days on market: 84 now vs 108 last year

Median & Average Pricing

Year over Year
  • Median: $356,225 (+1.9% YoY)
  • Average: $640,205 (+19.9% 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 23.7 miles — 548 listings ($419,211,359 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
49686Traverse City, MI 496860.0 mi137$89,255,911$359,500$651,503
49684Traverse City, MI 496848.5 mi130$152,226,100$774,500$1,170,970
49696Traverse City, MI 4969610.8 mi33$17,549,895$480,000$531,815
49621Cedar, MI 4962112.0 mi13$9,365,785$657,000$720,445
49685Traverse City, MI 4968512.2 mi65$46,600,905$524,950$716,937
49648Kewadin, MI 4964814.3 mi26$35,026,940$437,450$1,347,190
49637Grawn, MI 4963716.2 mi20$8,246,540$419,900$412,327
49649Kingsley, MI 4964918.0 mi32$13,385,088$419,900$418,284
49615Bellaire, MI 4961518.9 mi59$22,893,298$265,000$388,022
49643Interlochen, MI 4964319.6 mi22$15,079,900$495,000$685,450
49627Eastport, MI 4962721.5 mi1$1,850,000$1,850,000$1,850,000
49636Glen Arbor, MI 4963622.6 mi7$5,645,997$407,500$806,571
49630Empire, MI 4963023.7 mi3$2,085,000$695,000$695,000

Frequently Asked Questions

How many homes are for sale in TRAVERSE CITY, MI 49686?

As of February 2026, there are 147 active listings in TRAVERSE CITY, MI (zip code 49686), compared to 142 the prior year.

What is the median home price in TRAVERSE CITY, MI 49686?

The median listing price in TRAVERSE CITY, MI 49686 is $356,225 as of February 2026, a 1.9% increase from $349,450 the prior year.

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

Homes in TRAVERSE CITY, MI 49686 spend an average of 84 days on the market before going under contract, compared to 108 days the prior year.

Is it a seller's or buyer's market in TRAVERSE CITY, MI 49686?

Based on current inventory and days-on-market data as of February 2026, TRAVERSE CITY, MI 49686 is currently a Balanced Market. Inventory has increased compared to last year, with 5 more homes available — giving buyers more choice. Homes are selling faster, averaging 84 days on market compared to 108 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 49686 save an estimated $7,125 compared to a typical 5% commission on the median listing price of $356,225. 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.