Traverse City, MI—49684
Real Estate Data & Market Trends
Key Metrics at a Glance
Median Home Value
$464,000
0.3% YoY Growth
Household Income
$75,700
25.2% YoY Growth
Days on Market
81
26.0% Shorter YoY
Home Price Forecast
3.3%
Median Rent
$2,000
3.9% YoY Growth
1-Bed Rent
$1,400
1.9% YoY Growth
2-Bed Rent
$1,900
18.5% YoY Growth
3-Bed Rent
$2,500
3.5% YoY Growth
Home Price Trends — Traverse City, MI
As of Dec '25, the median home price in Traverse City, MI is $464,000, with a year-over-year change of -0.3%. This indicates that home prices in Traverse City, MI are flat. According to Zillow, the 1-year price projection is 3.3%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $464,000 | -0.3% |
| Single Family | $482,000 | -0.8% |
| Condos | $405,000 | 2.0% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed |