Market Intelligence · MI / Traverse City

Traverse City, MI 49696 Housing Market

The typical home in Traverse City's 49696 ZIP code is worth $448,640, up 2.2% over the past year. The median list price is $527,225, and homes are taking a median of 37 days on the market.

Updated June 2026Median value$449K

The median home value in Traverse City, MI 49696 is $449K as of June 2026, up 2.2% 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 49696 range

$413K to $485K

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

+2.2% over 12 months

Typical home value in 49696 over the last 12 months: $439K in Jun 2025 to $449K in Jun 2026 (+2.2%).

Jun 2025$439K

Jun 2026$449K

The numbers

What is the 49696 housing market like?

Typical home value

$449K

Up2.2%YoY

Median list price

$527K

Days on market

37

Down38.8%MoM

Homes for sale

30

Price cuts

17.9%

New listings

22

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

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The comparison

How do 49696 home prices compare?

  • 49696$448,640
  • Traverse City$444,766
  • Michigan$247,122
  • United States$291,471

Median Zillow home value (ZHVI), as of June 2026. Comparison levels are medians across every ZIP code with Zillow data (Traverse City: 4 ZIPs; Michigan: 891 ZIPs; United States: 26,270 ZIPs).

Context

As of June 1, 2026, there were 30 homes for sale in 49696, with 22 new listings added recently. The median list price sits at $527,225, above the typical home value of $448,640, which has risen 2.2% over the past year. Homes are spending a median of 37 days on the market, and 17.9% of listings have had a price cut. For sellers, the numbers point to steady demand with room to negotiate, so realistic pricing matters.

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