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Traverse City, MI 49686 Housing Market

Data snapshot: September 14, 2026. Closed-sale window: last 6 months.
Traverse City, MI inventory balance
Homes for sale vs homes under contract. Pending-to-active ratio: 0.16
ActiveActive listings: 8686PendingPending sales: 1414
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): $324k$324kSoldMedian sold price (last 6 months): $375k$375k
What homes actually sell for in Traverse City, MI
Distribution of 304 closed sale prices over the last six months (5th to 95th percentile). Middle half of sales: $300k to $572k
$178k to $322k: 83 sales$178k$322k to $466k: 94 sales94sales$466k to $610k: 44 sales$466k$610k to $754k: 28 sales$754k to $898k: 9 sales$754k$898k to $1.04M: 5 sales$1.04M to $1.19M: 3 sales$1.04M$1.19M to $1.33M: 7 salesMedian $375k

What the numbers say

As of September 14, 2026, Resideline is tracking 86 active listings and 14 pending sales in ZIP code 49686. That pending-to-active ratio of 0.16 points to a balanced market: buyers have room to compare options and negotiate.

The median asking price of current listings is $324,500, while the median of the 304 closed sales Resideline tracked over the last six months was $375,000. 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 49686 for 70 days.

Frequently asked questions

What is the median home price in 49686?

The median closed sale price in Traverse City, MI 49686 was $375,000 over the last six months, based on 304 closed sales tracked by Resideline. The middle half of those sales ranged from $300,000 to $572,500.

Is 49686 a buyer's or seller's market?

Resideline is currently tracking 14 pending sales against 86 active listings in 49686, a pending-to-active ratio of 0.16. 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, 49686 currently looks like a balanced market.

Nearby ZIP code market data

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