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Traverse City Market Report

$521,123

AVERAGE PRICE OF 793 HOMES

$2,117,700

AVERAGE PRICE OF 61 MULTI-MILLION DOLLAR HOMES

$961,028

AVERAGE PRICE OF 106 HOMES WITH A POOL

$568,456

AVERAGE PRICE OF 30 REDUCED PRICE HOMES

Average Home

Average Price $521,123
Avg Bedrooms 2.95 beds
Avg Bathrooms 2.29 baths

Average Price by Bedrooms

1 bedroom $241,986
2 bedrooms $447,002
3 bedrooms $431,612
4 bedrooms $716,470
5 bedrooms $766,551
Traverse City Home Price Trends
  5/2019 4/2019 3/2019 2/2019 1/2019
Total Listings 719 645 634 651 669
Average Price $525,600 $529,290 $523,788 $523,044 $519,017
Avg Price Change -0.70% +1.05% +0.14% +0.78% +2.45%
Median Price $371,824 $375,009 $358,202 $347,682 $346,096
Med Price Change -0.86% +4.69% +3.03% +0.46% +0.82%
Avg Bedrooms 2.97 beds 3 beds 2.97 beds 2.94 beds 2.97 beds
Avg Bathrooms 2.31 baths 2.33 baths 2.31 baths 2.3 baths 2.32 baths
Home Price by High School
School Name Total Homes Average Price Avg Days on Site
Central High School 50 $599,680 170 days
Elk Rapids High School 1 $424,900 24 days
Traverse City High School 5 $426,760 63 days
Traverse City West Senior High School 79 $391,867 194 days
Home Price by House Size
Total Homes Average Price Avg Days on Site
All Homes 793 $521,123 167 days
Multi-Million Dollar Homes 61 $2,117,700 274 days
Homes with a Pool 106 $961,028 497 days
Reduced Price Homes 30 $568,456 96 days