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House Prices & Home Values Traverse City, MI 2026Average Data
04/15/2026 - The value range (VR) for house prices in Traverse City, MI is $181/ sqft to $186/ sqft. An average home with 2466 sqft costs approximately $446,346 to $458,676. Traverse City, MI includes 2 ZIP codes and it is located in Grand Traverse county. The lowest prices are found in ZIP 49684, while the highest are in ZIP 49686. The average price per sqare feet is $204. Our analysis is based on 14 property listings. Avergage prices by ZIP codes Traverse City
Historical development of home values in Traverse City
Graph: estimated home values in Traverse City over time (USD)Example: 100% financing house in Traverse CityLoan amount: $502,007 Interest rate: 6.00% Fixed monthly payment: $3,009.79
Breakdown in the 1st month: Yearly breakdown (100% financing)
Note: The calculation is based on a standard annuity mortgage with a fixed monthly payment over the entire term. Extra payments, interest rate changes, and additional purchase costs (e.g. taxes, notary fees) are not included. How to sell in Traverse City, MI
In 2026, houses in Traverse City, MI will be offered at an average price of $204 per square foot. A 1,500 sqft home priced at $370,261 is 23.60% more expensive per square foot than a 3,900 sqft home priced at $787,645. Home prices in Traverse City, MI vary significantly depending on the neighborhood and location. For a quick sale, a 2,700 sqft home should be listed at around $545,292. Sellers who can wait longer may achieve a higher price of up to $666,468. Explore Traverse City, MIOverviewTraverse City, MI is a vibrant lakeside destination on Grand Traverse Bay known for stunning waterfront views and year-round adventure. Nature and OutdoorsOutdoor enthusiasts flock to nearby Sleeping Bear Dunes National Lakeshore for hiking, sandy beaches, and panoramic Lake Michigan vistas. Downtown and CultureDowntown Traverse City, Michigan blends historic charm with modern amenities, featuring boutique shops, art galleries, walkable parks, and a lively waterfront. Food and WineFood lovers can savor hyper-local cuisine at acclaimed Traverse City restaurants, including fresh-caught whitefish and farm-to-table dining paired with regional wines. Breweries and CiderCraft beer fans will find a thriving scene at Traverse City breweries, with taprooms pouring creative ales, lagers, and hard ciders made from local fruit. Family FunFamilies appreciate kid-friendly attractions, bike trails, and accessible beaches, with plenty of things to do in Traverse City from seasonal events to live entertainment. Where to StayVisitors can choose from cozy Traverse City hotels, cabins, and vacation rentals close to marinas, golf courses, and trailheads. Plan Your TripPlan your Traverse City vacation to enjoy sunsets over the bay, colorful fall foliage, winter snowsports, and unforgettable Northern Michigan hospitality. FAQ – Home Values in Traverse CityWhat is the median home value in Traverse City in 2026?In 2026, the typical home value in Traverse City is about $502,007 for an average home size of 2466 square feet. This corresponds to an average price of roughly $204 per square foot. What is the average cost per square foot in Traverse City?In 2026, homes in Traverse City sell for an average of around $204 per square foot, with a typical range between $181 and $186 per square foot, depending on the property’s location, condition, and lot size. What is the average home size in ?The average home size in Traverse City is about 2466 square feet, with an estimated 2026 value around $502,007. Locations close to Traverse City, MI
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