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Map of Traverse City, MI REAL ESTATE LISTINGS & PROPERTIES FOR SALE

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What is the housing market like in Central Traverse City today?

In March 2024, Central Traverse City home prices were up 35.7% compared to last year, selling for a median price of $610K. On average, homes in Central Traverse City sell after 37 days on the market compared to 64 days last year. There were 5 homes sold in March this year, up from 4 last year.

$610,000

Median Sale Price

5

# of Homes Sold`

36

Median Days on Market

Living in Traverse City

Your Guide To

Living in Traverse City

With Molly Buttlemen

Traverse City, MI, renowned for its vibrant cherry orchards, stunning lakefront views, and a thriving arts scene, is a gem located in Northern Michigan. This picturesque city, nestled on the shores of Lake Michigan's Grand Traverse Bay, offers a unique blend of natural beauty, cultural richness, and a relaxed lifestyle that appeals to families, retirees, and young professionals alike. Known as a foodie haven with a penchant for local wines and farm-to-table dining, Traverse City attracts those who appreciate the finer aspects of culinary delights. Additionally, its commitment to maintaining a clean and healthy environment, coupled with numerous recreational activities ranging from sailing to skiing, makes it an ideal destination for those seeking an active lifestyle in a serene setting.

Traverse City's economy is buoyed by tourism, winemaking, and agriculture, which provide a stable base for the local real estate market. The city's growing reputation as a hub for arts and entertainment, along with its annual film festival and cherry festival, also enhances its allure, drawing visitors and new residents year-round. For real estate buyers, Traverse City offers a range of properties from waterfront homes to cozy downtown condos, all benefiting from the area’s scenic landscapes and community-focused lifestyle.

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