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Traverse City, MI 49684 Housing Market

Data snapshot: October 5, 2026. Closed-sale window: last 6 months.
Traverse City, MI inventory balance
Homes for sale vs homes under contract. Pending-to-active ratio: 0.05
ActiveActive listings: 6060PendingPending sales: 33
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): $636k$636kSoldMedian sold price (last 6 months): $510k$510k
What homes actually sell for in Traverse City, MI
Distribution of 319 closed sale prices over the last six months (5th to 95th percentile). Middle half of sales: $390k to $740k
$270k to $405k: 68 sales$270k$405k to $540k: 93 sales93sales$540k to $675k: 44 sales$540k$675k to $810k: 34 sales$810k to $945k: 23 sales$810k$945k to $1.08M: 11 sales$1.08M to $1.21M: 6 sales$1.08M$1.21M to $1.35M: 8 salesMedian $510k

What the numbers say

As of October 5, 2026, Resideline is tracking 60 active listings and 3 pending sales in ZIP code 49684. That pending-to-active ratio of 0.05 points to a balanced market: buyers have room to compare options and negotiate.

The median asking price of current listings is $636,000, while the median of the 319 closed sales Resideline tracked over the last six months was $510,000. 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 81 days.

Frequently asked questions

What is the median home price in 49684?

The median closed sale price in Traverse City, MI 49684 was $510,000 over the last six months, based on 319 closed sales tracked by Resideline. The middle half of those sales ranged from $390,000 to $740,000.

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

Resideline is currently tracking 3 pending sales against 60 active listings in 49684, a pending-to-active ratio of 0.05. Ratios of 0.6 or higher usually indicate a seller's market, 0.35 to 0.6 a competitive market, and lower values a more balanced one. By that yardstick, 49684 currently looks like a balanced market.

Nearby ZIP code market data

Full Traverse City, MI housing market report →

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