Traverse City Market Report

$637,013

AVERAGE PRICE OF 125 HOMES

$1,921,623

AVERAGE PRICE OF 16 MULTI-MILLION DOLLAR HOMES

$734,140

AVERAGE PRICE OF 67 NEWLY BUILT HOMES

$573,499

AVERAGE PRICE OF 4 REDUCED PRICE HOMES

Average Home

Average Price $637,013
Avg Bedrooms 2.57 beds
Avg Bathrooms 1.65 baths

Average Price by Bedrooms

1 bedroom $326,920
2 bedrooms $550,924
3 bedrooms $519,463
4 bedrooms $1,761,972
Traverse City Home Price Trends
  1/2024 12/2023 11/2023 10/2023 9/2023
Total Listings 119 134 148 139 130
Average Price $666,130 $626,364 $616,810 $645,850 $585,818
Avg Price Change +6.35% +1.55% -4.71% +10.25% +8.97%
Median Price $494,494 $480,665 $458,932 $472,087 $473,330
Med Price Change +2.88% +4.74% -2.87% -0.26% +0.50%
Avg Bedrooms 2.6 beds 2.33 beds 2.34 beds 2.36 beds 2.45 beds
Avg Bathrooms 1.94 baths 1.88 baths 1.87 baths 1.65 baths 1.72 baths
Home Price by House Size
Total Homes Average Price Avg Days on Site
All Homes 125 $637,013 69 days
Multi-Million Dollar Homes 16 $1,921,623 41 days
Newly Built Homes 67 $734,140 148 days
Reduced Price Homes 4 $573,499 38 days
Keller Williams - Glover Agency
Jeff Glover Realtor
855-JEFF SELLS

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