How much is a home in 49686 worth?

The typical home value in 49686 is $401,536, up 1.0% over the past year. The median list price for homes currently on the market is $479,000.

How fast do homes sell in 49686?

Homes in 49686 spend a median of 57 days on market. There are 139 homes for sale, with 64 new listings.

Are sellers cutting prices in 49686?

Yes, 20.9% of listings in 49686 have had a price cut. That share sits alongside a typical home value of $401,536, up 1.0% over the past year.

Market Intelligence · MI / Traverse City

Traverse City, MI 49686 Housing Market

The typical home value in Traverse City, MI 49686 is $401,536, up 1.0% over the past year. Homes currently carry a median list price of $479,000 and spend a median of 57 days on market.

Updated August 2026Median value$402K

The median home value in Traverse City, MI 49686 is $402K as of August 2026, up 1.0% 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 49686 range

$369K to $434K

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

+1.0% over 12 months

Aug 2025$397K

Low $397KHigh $402K

Aug 2026$402K

The numbers

What is the 49686 housing market like?

As of August 2026

Typical home value

$402K

1.0%YoY

Median list price

$479K

1.7%MoM

Days on market

23.9%MoM

Homes for sale

139

15.2%MoM

Price cuts

20.9%

21.4%MoM

New listings

33.3%MoM

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

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The comparison

How do 49686 home prices compare?

49686$401,536
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

There are 139 homes for sale in 49686, with 64 new listings adding to that supply. The typical home value of $401,536 has risen 1.0% over the past year, a modest pace of growth. Sellers are asking a median list price of $479,000, and homes take a median of 57 days to sell. About 20.9% of listings have taken a price cut. For a seller, this is a stable but not fast market, so realistic pricing matters more than ambitious pricing.

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