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Traverse City Market Report

$518,429

AVERAGE PRICE OF 811 HOMES

$1,926,592

AVERAGE PRICE OF 69 MULTI-MILLION DOLLAR HOMES

$965,552

AVERAGE PRICE OF 105 HOMES WITH A POOL

$439,408

AVERAGE PRICE OF 35 REDUCED PRICE HOMES

Average Home

Average Price $518,429
Avg Bedrooms 3.03 beds
Avg Bathrooms 2.28 baths

Average Price by Bedrooms

1 bedroom $236,897
2 bedrooms $467,964
3 bedrooms $424,357
4 bedrooms $675,049
5 bedrooms $798,781
Traverse City Home Price Trends
  7/2019 6/2019 5/2019 4/2019 3/2019
Total Listings n/a 777 719 645 634
Average Price n/a $523,033 $525,600 $529,290 $523,788
Avg Price Change n/a -0.49% -0.70% +1.05% +0.14%
Median Price n/a $365,423 $371,824 $375,009 $358,202
Med Price Change n/a -1.75% -0.86% +4.69% +3.03%
Avg Bedrooms n/a 2.95 beds 2.97 beds 3 beds 2.97 beds
Avg Bathrooms n/a 2.29 baths 2.31 baths 2.33 baths 2.31 baths
Home Price by High School
School Name Total Homes Average Price Avg Days on Site
Central High School 56 $537,848 165 days
Elk Rapids High School 1 $449,900 6 days
Traverse City High School 3 $426,266 48 days
Traverse City West Senior High School 58 $434,892 178 days
Home Price by House Size
Total Homes Average Price Avg Days on Site
All Homes 811 $518,429 163 days
Multi-Million Dollar Homes 69 $1,926,592 276 days
Homes with a Pool 105 $965,552 564 days
Reduced Price Homes 35 $439,408 61 days