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Traverse City

Traverse City

$716,110 Average Value
$331 Average Price per Sq Ft
370 Homes For Sale

Traversing Northern Michigan’s grandest bay

On the edge of Lake Michigan, the resort town of Traverse City stands as the largest producer of tart cherries nationwide and a vantage point for stunning views of northern Michigan. “It’s a gorgeous area— there’s a special beauty. You don’t have to drive far to be in touch with nature,” says Brian McGillivary, a resident and Realtor with Berkshire Hathaway Home Services. “The community really values the environment.” The city of 16,000 is also home to the state’s wine country, three historic lighthouses and a center for arts and culture. Though known for its vacation destinations, Traverse City's year-round employment sectors include healthcare, retail and education, though manufacturing and hospitality aren’t far behind.

Welcome to Downtown Traverse City.
Welcome to Downtown Traverse City.
Center Point Marina offers stunning views of the Grand Traverse Bay.
Center Point Marina offers stunning views of the Grand Traverse Bay.
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Early 20th century housing next to Lake Michigan

The median sale price is $455,000, higher than the national benchmark and trending upward. Most homes were built before 1939, though a 30-year building boom that ended in 1999 created more options, but housing shortages in the city still exist. Prices vary depending on the neighborhood. Greilickville features spacious lots and stately New Traditional homes with lakefront views. The average sale price is just under $700,000. Traverse Heights , just south of Downtown Traverse City , features ranch-style homes and cottages on walkable streets, with an average sale price of $300,000.

The Boardman neighborhood includes properties with historic appeal.
The Boardman neighborhood includes properties with historic appeal.
Classic Foursquare homes can be found in the Boardman neighborhood.
Classic Foursquare homes can be found in the Boardman neighborhood.
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Culinary tours, fresh produce and a grand village

Regional cuisine takes center stage, with an emphasis on local ingredients. “We consider ourselves a foodie town,” says McGillivary. “We celebrate farm-to-table practices, with everything from fine dining to food trucks.” The city gathers every February for Restaurant Week, during which diners can visit a variety of restaurants to sample fixed-price menus from $25 to $45. There are more than 50 dining establishments downtown and over 50 wineries in the region, along with breweries and distilleries. The Sara Hardy Downtown Farmers Market operates twice a week during high season between June and October, when the region's population swells to more than 200,000. In May, the market is open on Saturdays only. The Village at Grand Traverse Commons is home to unique locally owned boutiques and restaurants.

Deering Meat Market has been serving up local and fresh meat for decades in Traverse City.
Deering Meat Market has been serving up local and fresh meat for decades in Traverse City.
The Little Fleet is homes to some amazing foodtrucks near Boardman.
The Little Fleet is homes to some amazing foodtrucks near Boardman.
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Recreation on the Old Mission Peninsula

Traverse City maintains over 30 parks and recreational facilities, including the Grand Traverse County Civic Center, Traverse City State Park and the Boardman River Nature Center. These parks provide access to over 100 miles of hiking trails, winter activities and water sports, like kayaking or parasailing. Nearby, the expansive Sleeping Bear Dunes National Lakeshore contains miles of sandy beaches, historic lighthouses, hiking trails and 450-foot-high bluffs overlooking Lake Michigan. Camping sites are spread throughout the more than 110 square-mile park.

Clinch Park has a marina for boating enthusiasts.
Clinch Park has a marina for boating enthusiasts.
The Boardman River runs along the north edge of Hannah Park and offers great fishing.
The Boardman River runs along the north edge of Hannah Park and offers great fishing.
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A historic haven for cultural events

Arts and culture are a big part of community life in Traverse City. “We love our wineries, we love our cherries— and we’re lovers of the arts,” says McGillivary. Public artworks, both permanent and rotating, are found throughout the area. The Dennos Museum Center is part of Northwestern Michigan College’s campus and provides an array of exhibitions and visual arts programs. The center features art from the 1800s to the 2000s and hosts international musicians and concerts all year. The City Opera House opened in 1892 and is proudly known as the city’s “Grand Old Lady.” It’s one of only seven Victorian opera houses in Michigan and features national tours, educational programs and community events.

Held since 1925, the eight-day National Cherry Festival offers 150 programs and activities, like an air show, concerts and lots of cherry-based foods. There’s even a Beer Week every November, celebrating local and regional brews.

City Opera House is a destination attraction for arts & entertainment in Downtown Traverse City.
City Opera House is a destination attraction for arts & entertainment in Downtown Traverse City.
The Shopping and Dining of downtown Traverse City is only steps away from your door.
The Shopping and Dining of downtown Traverse City is only steps away from your door.
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Sidewalks, bike racks and Michigan state highways

Traverse City has a walkable downtown, an extensive multi-use trail network and a cross-town bike network. The cycling-friendly community has over 250 public bike racks and three covered shelters with repair stations. U.S. Route 31 and Michigan Routes 22, 37 and 72 run through Traverse City. The Bay Area Transportation Authority provides year-round local bus service in town, and Indian Trails offers routes to St. Ignace, Grand Rapids and Kalamazoo. The city is also home to Cherry Capital Airport, which offers 20 flights to numerous domestic destinations.

Hannah Park rests on the edge of the Boardman River and downtown Traverse City.
Hannah Park rests on the edge of the Boardman River and downtown Traverse City.
The Leelanau Trail runs from the North West edge of Traverse City to Suttons Bay.
The Leelanau Trail runs from the North West edge of Traverse City to Suttons Bay.
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Northwestern Michigan’s most extensive school system

The Traverse City Area Public School District serves much of Traverse City, earning a B-plus ranking from Niche. It educates almost 9,000 students annually across 16 school campuses. Suttons Bay Public Schools serves a small portion of the city as well.

For higher education, Northwestern Michigan College offers more than 60 academic programs for professional certificates and associate and bachelor’s degrees to about 3,000 students. The college also works with area high schools to provide dual enrollment programs.

Central Grade School is the oldest neighborhood school in Traverse City.
Central Grade School is the oldest neighborhood school in Traverse City.
TCAPS Montessori School offers toddler, primary and elementary options.
TCAPS Montessori School offers toddler, primary and elementary options.
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Environmental factors and crime

Proximity to Lake Michigan moderates Traverse City's summer temperatures and delays fall foliage colors compared to inland areas. But that same lake proximity also contributes to the 10-12 feet of snow the city expects to receive annually.

According to FBI data, property crimes are reported at a rate lower in the city than in the state or nation over the last five years. Rates of violent crime reporting are generally higher than state or national in Traverse City, though fluctuations often match the highs and lows of tourist season.

Stephanie Davison
Written By
Stephanie Davison
Jonathan Fairfield
Photography Contributed By
Jonathan Fairfield
Marcus Rosendoll
Video By
Marcus Rosendoll

Interested in learning more about homes in this area? Reach out to Chris Christensen, an experienced agent in this area.

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Schools

Source:
GreatSchools: The GreatSchools Rating helps parents compare schools within a state based on a variety of school quality indicators and provides a helpful picture of how effectively each school serves all of its students. Ratings are on a scale of 1 (below average) to 10 (above average) and can include test scores, college readiness, academic progress, advanced courses, equity, discipline and attendance data. We also advise parents to visit schools, consider other information on school performance and programs, and consider family needs as part of the school selection process. View GreatSchools Rating Methodology

Parks in this Area

Traverse City Housing Trends

Housing Trends

Median List Price
$470,471
Median Sale Price
$445,000
Median Single Family Sale Price
$461,810
Median Townhouse Sale Price
$359,250
Median 2 Bedroom Sale Price
$342,000
Median Change From 1st List Price
3%
Last 12 months Home Sales
1,081
Median Home Sale Price YoY Change
3%
Average Price Per Sq Ft
$331

Area Facts

Number of Homes in Neighborhood
26,013
Number of Homes for Sale
370
Median Year Built
1985
Months of Supply
4.10
Average Single Family Home Size Sq Ft
1,661
Below the national average
1,925
Average Townhouse Size Sq Ft
1,359
Average 2 Bedroom Size Sq Ft
1,071
Average 1 Bedroom Size Sq Ft
767
Median Lot Size Sq Ft
20,908

Open Houses

  • Sunday, Sep 14

    834 Shamrock Ln, Traverse City, MI 49696

    $569,900

    • 4 Beds
    • 2.5 Baths
    • 2,261 Sq Ft
    • 834 Shamrock Ln
    • New 1 day ago

    OPEN HOUSE ON SUDAY 12 TO 2PM. Welcome to this charming family home in a desirable cul-de-sac subdivision. This home has 4 bedrooms, 2.5 baths. 2 carpeted (cleaned 9-9-25), generously sized upstairs bedrooms are connected by a Jack and Jill bathroom for privacy. Primary bedroom is on the main level, and has a has a walk-in closet, private bath, and a beautiful vanity. Bamboo flooring throughout

    Jim Sauro Coldwell Banker Schmidt Traver

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  • Sunday, Sep 14

    3969 Sherwood Forest Dr, Traverse City, MI 49686

    $315,000

    • 2 Beds
    • 2.5 Baths
    • 1,376 Sq Ft
    • 3969 Sherwood Forest Dr
    • New 4 days ago

    Move-in ready end-unit townhouse on Traverse City’s east side in the Holiday Hills area, offering nearly 1,400 sq. ft. with 2 bedrooms and 2.5 baths. The main floor features open living and dining space with a gas fireplace, a half bath, and a bright kitchen with newer, top-of-the-line stainless steel appliances, gas range, solid-surface counters, off-white kitchen cabinets, and snack bar

    Matthew Dakoske REMAX Bayshore - Union St TC

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  • Sunday, Sep 14

    2130 Chelsea Ln, Traverse City, MI 49685

    $550,000

    • 3 Beds
    • 3 Baths
    • 2,645 Sq Ft
    • 2130 Chelsea Ln
    • New 9 days ago

    Welcome to this beautifully maintained 3-bedroom, 3-bath condominium in the highly sought-after Chelsea Park community. Bright and inviting, the home is filled with abundant natural light that enhances its open, welcoming layout. Tucked against a backdrop of mature woods, the private backyard and covered porch provide a peaceful retreat to unwind and enjoy nature. The newly finished lower level

    Mary Rollert CENTURY 21 Northland

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Homes for Sale

Homes for Rent

Distribution of Home Values

Source: Public Records

Average Home Value





Source: Public Records

Neighborhoods in Traverse City

Property Mix - Square Feet

Traverse City Has More Owners

Demographics

Total Population
16,111
Median Age
45
Population under 18
18.5%
Below the national average
23.8%
Population over 65
25.2%
Above the national average
19.1%

Finances

Median Household Income
$61,300
Below the national average
$71,702
Average Household Income
$79,102

Education and Workforce

High School Graduates
96.8%
Above the national average
89.1%
College Graduates
47.8%
Above the national average
34.1%
Advanced Degrees
19.2%
% Population in Labor Force
60.6%

Weather

Annual Precipitation
29''
Average Winter Low Temperature
17°F
Average Summer High Temperature
81°F
Annual Snowfall
87''

Area Factors

Very Bikeable

Bike Score®®

80 / 100

Somewhat Walkable

Walk Score®®

66 / 100
Source: Walk Score
Source: Walk Score

Walk Score® measures the walkability of any address. Transit Score® measures access to public transit. Bike Score® measures the bikeability of any address. CAP Index provides objective, accurate, and consistent data to help measure, compare, and mitigate crime risks.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. Our sources include: Accuweather, Public Records and Neustar. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
Traverse City
Chris Christensen
Lynda's Real Estate Service
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