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TRAVERSE CITY, MI 49696

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 (49696) currently shows 27 active listings, with 9 pending sales. Homes are averaging 125 days on the market before going under contract.

Inventory has tightened compared to last year, with 24 fewer active listings — creating more competition among buyers.

Homes are taking longer to sell, averaging 125 days on market compared to 64 days last year.

The median listing price has risen 7.3% year-over-year, from $479,450 to $514,500.

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: 10,353  ·  Density: 58.2/mi²  ·  Median household income: $94,223

Typical home value: $274,413  ·  Homeownership: 91.0%

Market Overview

Active Listings
27
⇩ 47.1% vs 51 last year
Pending
9
33% pending ratio
Median Price
$514,500
⇧ 7.3% vs $479,450 last year
Average Price
$562,390
⇩ 3.1% vs $580,513 last year
Days on Market
125
⇧ 95.3% vs 64 days last year

Price Per Square Foot

Median $/sqft
$294
⇧ 13.5% vs $259/sqft last year
Median Home Size
1,741 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 27 this year vs 51 last year
  • Days on market: 125 now vs 64 last year

Median & Average Pricing

Year over Year
  • Median: $514,500 (+7.3% YoY)
  • Average: $562,390 (-3.1% 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 24.5 miles — 295 listings ($201,857,573 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
49696Traverse City, MI 496960.0 mi33$17,549,895$480,000$531,815
49690Williamsburg, MI 496908.5 mi31$36,068,066$659,000$1,163,486
49685Traverse City, MI 4968510.9 mi65$46,600,905$524,950$716,937
49680South Boardman, MI 4968011.7 mi0$0$474,900$474,900
49676Rapid City, MI 4967614.8 mi16$16,259,088$890,000$1,016,193
49633Fife Lake, MI 4963316.5 mi18$6,059,700$245,000$336,650
49643Interlochen, MI 4964317.4 mi22$15,079,900$495,000$685,450
49612Alden, MI 4961218.0 mi10$9,277,500$613,250$927,750
49650Lake Ann, MI 4965019.8 mi4$2,839,200$656,000$709,800
49668Mesick, MI 4966821.9 mi7$2,587,319$288,000$369,617
49682Suttons Bay, MI 4968222.5 mi13$15,780,297$1,000,000$1,213,869
49683Thompsonville, MI 4968323.9 mi17$10,862,405$449,000$638,965
49615Bellaire, MI 4961524.5 mi59$22,893,298$265,000$388,022

Frequently Asked Questions

How many homes are for sale in TRAVERSE CITY, MI 49696?

As of February 2026, there are 27 active listings in TRAVERSE CITY, MI (zip code 49696), compared to 51 the prior year.

What is the median home price in TRAVERSE CITY, MI 49696?

The median listing price in TRAVERSE CITY, MI 49696 is $514,500 as of February 2026, a 7.3% increase from $479,450 the prior year.

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

Homes in TRAVERSE CITY, MI 49696 spend an average of 125 days on the market before going under contract, compared to 64 days the prior year.

Is it a seller's or buyer's market in TRAVERSE CITY, MI 49696?

Based on current inventory and days-on-market data as of February 2026, TRAVERSE CITY, MI 49696 is currently a Balanced Market. Inventory has tightened compared to last year, with 24 fewer active listings — creating more competition among buyers. Homes are taking longer to sell, averaging 125 days on market compared to 64 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 49696 save an estimated $10,290 compared to a typical 5% commission on the median listing price of $514,500. 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.