Traverse City, MI Real Estate Market Summary – September 8, 2026
In Traverse City, MI, the overall real estate market has seen 100 properties sold in the last 30 days, averaging a pace of 3.33 homes per day. The average sale price for these properties is approximately $677,705, with an average living area of 2,235 square feet.
| Metric | 30 Days |
|---|---|
| Number Sold | 100 |
| Sold Per Day | 3.33 |
| Average SQFT | 2235 |
| Median Sales Price | $522,500 |
| Average Sales Price | $677,705 |
| Average Price Per SQFT | $305 |
| Average Days on Market | 17 |
| Average Year Built | 1986 |
Traverse City, MI Single Family Home Analysis
Within the single-family segment, 77 homes have been sold, with an average sale price of $741,381 and an average living area of 2,448 square feet. Homes in this category are selling at a pace of 2.57 per day.
| Metric | 30 Days |
|---|---|
| Number Sold | 77 |
| Sold Per Day | 2.57 |
| Average SQFT | 2448 |
| Median Sales Price | $575,000 |
| Average Sales Price | $741,381 |
| Average Price Per SQFT | $299 |
| Average Days on Market | 16 |
| Average Year Built | 1986 |
Traverse City, MI Condo & Townhome Analysis
The condo and townhome market comprises 20 properties that have sold, averaging a sale price of $476,715 and an average living area of 1,542 square feet. This segment experiences a pace of 1 every 1.50 days.
| Metric | 30 Days |
|---|---|
| Number Sold | 20 |
| Sold Per Day | 1 every 1.50 days |
| Average SQFT | 1542 |
| Median Sales Price | $477,450 |
| Average Sales Price | $476,715 |
| Average Price Per SQFT | $331 |
| Average Days on Market | 17 |
| Average Year Built | 1998 |
Buyer & Seller Analysis
- Pace of 3.33 homes per day for the overall market
- Average days on market is about 17 days
- Median sale price for single-family homes is $575,000
- Average price per square foot in the condo segment is $330
- Sales data reflects a 30-day period and is indicative of recent trends.
Conclusion
Overall, the Traverse City real estate market demonstrates steady activity with a variety of properties across different segments. The data indicates an active market with homes moving quickly.