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Market Intelligence · MI / Grand Traverse County

Traverse City, MI housing market

4 ZIP markets liveData updated June 2026Typical value$445K1-yr changeUp2.4%

The median home value in Traverse City, MI is $445K as of June 2026, up 2.4% year over year, according to Zillow ZHVI. Get your own home's value and a real cash offer in about two minutes, with sources shown and no obligation.

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The coverage

Traverse City, by the numbers.

Typical home valueZillow ZHVI, June 2026
$445K
1-yr changeMedian across Traverse City ZIPs
+2.4%
ZIP markets live
4
County
Grand Traverse County

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12-month value trend

+2.4% over 12 months

Typical home value in Traverse City over the last 12 months: $434K in Jun 2025 to $445K in Jun 2026 (+2.4%).

Jun 2025$434K

Jun 2026$445K

Median Zillow home value index across Traverse City's ZIP codes.

Context

As of June 2026, Zillow's index pegs the typical Traverse City home at $444,766, a 12-month move of +2.4%. Realtor.com's June 2026 listing data shows 387 homes on the market, 222 newly listed, and a median asking price of $542,338. The median listing spends 38 days on market, and 16.6% of active listings have reduced their asking price. These figures describe a market holding firm, with modest gains and room to negotiate on single listings.

The numbers

What is the housing market like in Traverse City, MI?

Typical home value

$445K

Up2.4%YoY

Median list price

$542K

Days on market

38

Homes for sale

387

Price cuts

16.6%

New listings

222

Sources · Zillow ZHVI (June 2026) / Realtor.com (June 2026)

Figures reflect Traverse City's ZIP codes with market data: values and listing medians take the median across ZIPs; inventory and new listings are summed.

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Live markets

What ZIP codes are live in Traverse City?

Typical value is the Zillow home value index (ZHVI) for each ZIP, as of June 2026. 1-yr change compares it to the same ZIP a year earlier.

Zillow ZHVI, June 2026

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Nearby markets

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