Market Intelligence · MI / Traverse City

Traverse City, MI 49696 Housing Market

The typical home value in Traverse City, MI 49696 is $443,075, up 1.9% over the past year as of 2026-08-01. The median list price is $509,450, and homes are spending a median of 34 days on market.

Updated August 2026Median value$443K

The median home value in Traverse City, MI 49696 is $443K as of August 2026, up 1.9% 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.

Get a cash offer

Sell without the wait

Sell your Traverse City home for cash.

A competitive, no-obligation cash offer from our institutional network. No repairs, no showings, close on your timeline. Most sellers get their cash offer within 24 hours.

Typical 49696 range

$408K to $479K

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.

Track my home's value

Asset monitoring

Track your home's value.

A free monthly briefing with your estimated value and 49696 market stats. Unsubscribe anytime.

See how a cash offer works citywide: Sell your house fast in Traverse City, MI.

12-month value trend

+1.9% over 12 months

Typical home value in 49696 over the last 12 months: $435K in Aug 2025 to $443K in Aug 2026 (+1.9%).

Aug 2025$435K

Aug 2026$443K

The numbers

What is the 49696 housing market like?

Typical home value

$443K

Up1.9%YoY

Median list price

$509K

Down1.7%MoM

Days on market

34

Up17.2%MoM

Homes for sale

45

Up15.4%MoM

Price cuts

14.1%

Up21.5%MoM

New listings

32

Up45.5%MoM

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

Free home value report

See what your 49696 home is worth.

See your estimated value and a real cash offer, side by side. No obligation, about a minute.

The comparison

How do 49696 home prices compare?

  • 49696$443,075
  • 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

As of 2026-08-01, there were 45 homes for sale in 49696, with 32 new listings hitting the market. The median list price of $509,450 sits above the typical home value of $443,075, which rose 1.9% over the past year. Homes are moving in a median of 34 days, and 14.1% of listings have taken a price cut. Values are still climbing, but the pace is modest and some sellers are already adjusting their asking prices. If you are thinking about selling, realistic pricing matters more than aiming high.

Monthly payment

Estimate your monthly payment.

20% · $88,615

Common questions

What people ask us.

Discover

Nearby ZIP markets.

Keep reading

Guides for sellers.