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Traverse City Market Report

$555,372

AVERAGE PRICE OF 653 HOMES

$2,038,461

AVERAGE PRICE OF 64 MULTI-MILLION DOLLAR HOMES

$1,946,836

AVERAGE PRICE OF 28 HOMES WITH A POOL

$460,890

AVERAGE PRICE OF 10 REDUCED PRICE HOMES

Average Home

Average Price $555,372
Avg Bedrooms 3.11 beds
Avg Bathrooms 2.32 baths

Average Price by Bedrooms

1 bedroom $280,438
2 bedrooms $434,687
3 bedrooms $446,689
4 bedrooms $793,548
5 bedrooms $690,347
Traverse City Home Price Trends
  6/2020 5/2020 4/2020 3/2020 2/2020
Total Listings 648 540 509 538 521
Average Price $561,400 $580,328 $570,310 $550,128 $557,779
Avg Price Change -3.37% +1.76% +3.67% -1.39% +1.47%
Median Price $392,008 $401,331 $400,323 $393,150 $392,500
Med Price Change -2.38% +0.25% +1.82% +0.17% +1.23%
Avg Bedrooms 3.08 beds 3.02 beds 2.99 beds 2.93 beds 2.94 beds
Avg Bathrooms 2.32 baths 2.33 baths 2.29 baths 2.23 baths 2.21 baths
Home Price by High School
School Name Total Homes Average Price Avg Days on Site
Central High School 40 $493,896 114 days
Suttons Bay Senior High School 3 $1,595,000 51 days
Traverse City High School 3 $475,966 112 days
Traverse City West Senior High School 42 $455,825 135 days
Home Price by House Size
Total Homes Average Price Avg Days on Site
All Homes 653 $555,372 130 days
Multi-Million Dollar Homes 64 $2,038,461 383 days
Homes with a Pool 28 $1,946,836 660 days
Reduced Price Homes 10 $460,890 44 days