Are home prices going up or down in Traverse City, MI?
In Traverse City, MI, the typical home sold for $416,500 during May 2026. That is 5% lower than the same stretch a year ago, so prices are down.
Over the last 36 months the typical sale price in Traverse City, MI went from $385,000 to $416,500 — up 8%.
The high point was $459,900, reached in July 2024. Today's typical sale is 9% below that.
Measured by size, homes in Traverse City, MI are selling for about $275 per square foot. Price per square foot is the fairer comparison when the mix of what sells shifts from month to month — a run of big houses can push the typical price up without anything actually getting more expensive.
Source: Redfin's published market data for the Traverse City, MI area, through May 2026.
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More about the Traverse City, MI market
- When is the best month to sell a house in Traverse City, MI?
- How long does it take to sell a house in Traverse City, MI?
- Do homes sell above asking price in Traverse City, MI?
- Is Traverse City, MI a buyer's market or a seller's market?
- How many homes are for sale in Traverse City, MI?
- All Traverse City, MI housing numbers
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Figures come from Redfin's published market data for the Traverse City, MI area, through May 2026. Neighborhood Numbers is an independent data publisher and is not affiliated with Redfin. We update these pages when Redfin publishes, once a month.