Market Intelligence · MI / Traverse City

Traverse City, MI 49684 Housing Market

In Traverse City, MI 49684, the typical home value is $491,504, up 1.8% over the past year as of 2026-08-01. The median list price sits at $650,000, and homes are spending a median of 55 days on market.

Updated August 2026Median value$492K

The median home value in Traverse City, MI 49684 is $492K as of August 2026, up 1.8% 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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Typical 49684 range

$452K to $531K

This is an automated estimate, not an appraisal. Actual value is determined by current market conditions and professional evaluation. It is provided for informational purposes only and is not an offer to buy or a promise of value.

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12-month value trend

+1.8% over 12 months

Typical home value in 49684 over the last 12 months: $483K in Aug 2025 to $492K in Aug 2026 (+1.8%).

Aug 2025$483K

Aug 2026$492K

The numbers

What is the 49684 housing market like?

Typical home value

$492K

Up1.8%YoY

Median list price

$650K

Down12.6%MoM

Days on market

55

Up22.2%MoM

Homes for sale

133

Down2.9%MoM

Price cuts

15.8%

Down9.7%MoM

New listings

60

Up7.1%MoM

Sources · Zillow ZHVI (August 2026) / Realtor.com (August 2026) / FRED (September 2026)

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The comparison

How do 49684 home prices compare?

  • 49684$491,504
  • Traverse City$440,233
  • Michigan$243,093
  • United States$288,625

Median Zillow home value (ZHVI), as of August 2026. Comparison levels are medians across every ZIP code with Zillow data (Traverse City: 4 ZIPs; Michigan: 891 ZIPs; United States: 26,265 ZIPs).

Context

The 49684 market shows 133 homes for sale as of 2026-08-01, with 60 of those being new listings. The typical home value of $491,504 has risen 1.8% over the past year, a modest gain. The median list price of $650,000 sits well above that typical value, and homes take a median of 55 days to sell. About 15.8% of listings have taken a price cut. For a seller, this points to a steady but not fast market where pricing correctly from the start matters.

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20% · $98,301

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