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Traverse City Market Report

$562,469

AVERAGE PRICE OF 453 HOMES

$1,899,233

AVERAGE PRICE OF 42 MULTI-MILLION DOLLAR HOMES

$1,194,125

AVERAGE PRICE OF 8 HOMES WITH A POOL

$601,760

AVERAGE PRICE OF 10 REDUCED PRICE HOMES

Average Home

Average Price $562,469
Avg Bedrooms 2.41 beds
Avg Bathrooms 1.81 baths

Average Price by Bedrooms

1 bedroom $379,841
2 bedrooms $524,899
3 bedrooms $512,908
4 bedrooms $724,472
5 bedrooms $944,300
Traverse City Home Price Trends
  5/2021 4/2021 3/2021 2/2021 1/2021
Total Listings 416 371 374 1 354
Average Price $559,818 $555,202 $542,863 $208,441 $534,983
Avg Price Change +0.83% +2.27% +160.44% -156.66% -7.80%
Median Price $408,328 $398,691 $381,215 $208,441 $378,286
Med Price Change +2.42% +4.58% +82.89% -81.48% -0.70%
Avg Bedrooms 2.4 beds 2.36 beds 2.33 beds 2 beds 2.9 beds
Avg Bathrooms 1.83 baths 2.57 baths 2.55 baths 2.59 baths 2.58 baths
Home Price by High School
School Name Total Homes Average Price Avg Days on Site
Central High School 23 $573,293 105 days
Suttons Bay Senior High School 3 $312,666 20 days
Traverse City East Middle School 1 $1,250,000 100 days
Traverse City West Senior High School 28 $511,053 175 days
Home Price by House Size
Total Homes Average Price Avg Days on Site
All Homes 453 $562,469 68 days
Multi-Million Dollar Homes 42 $1,899,233 113 days
Homes with a Pool 8 $1,194,125 90 days
Reduced Price Homes 10 $601,760 45 days