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Traverse City, MI 49684 Housing Market

Data snapshot: October 26, 2026. Closed-sale window: last 6 months.
Traverse City, MI inventory balance
Homes for sale vs homes under contract. Pending-to-active ratio: 0.03
ActiveActive listings: 5959PendingPending sales: 22
Traverse City, MI: what sellers ask vs what buyers pay
Median asking price of current listings vs median closed sale price over the last six months
AskingMedian asking price (current listings): $659k$659kSoldMedian sold price (last 6 months): $535k$535k
What homes actually sell for in Traverse City, MI
Distribution of 313 closed sale prices over the last six months (5th to 95th percentile). Middle half of sales: $410k to $760k
$270k to $405k: 62 sales$270k$405k to $540k: 85 sales85sales$540k to $675k: 52 sales$540k$675k to $810k: 33 sales$810k to $945k: 24 sales$810k$945k to $1.08M: 11 sales$1.08M to $1.22M: 6 sales$1.08M$1.22M to $1.35M: 8 salesMedian $535k

What the numbers say

As of October 26, 2026, Resideline is tracking 59 active listings and 2 pending sales in ZIP code 49684. That pending-to-active ratio of 0.03 makes it a slower-moving market: listings are going under contract more slowly than in most ZIP codes Resideline tracks, which usually gives buyers more room to negotiate.

The median asking price of current listings is $659,000, while the median of the 313 closed sales Resideline tracked over the last six months was $535,000. Those two figures describe different sets of homes, so any gap between them reflects the mix of what is listed now versus what recently sold, not a negotiating discount. Resideline has been seeing the median active listing in 49684 for 92 days.

Frequently asked questions

What is the median home price in 49684?

The median closed sale price in Traverse City, MI 49684 was $535,000 over the last six months, based on 313 closed sales tracked by Resideline. The middle half of those sales ranged from $410,000 to $760,000.

Is 49684 a buyer's or seller's market?

Resideline is currently tracking 2 pending sales against 59 active listings in 49684, a pending-to-active ratio of 0.03. Resideline tracks a sample of pending sales, so the ratio is most useful as a comparison: across the 3,777 ZIP codes Resideline tracks, the middle half run from 0.05 to 0.11. A higher ratio means listings go under contract faster, which usually favors sellers; a lower one gives buyers more room. By that comparison, 49684 is currently a slower-moving market.

Nearby ZIP code market data

Full Traverse City, MI housing market report →

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