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Traverse City

Traverse City

$722,232 Average Value
$331 Average Price per Sq Ft
376 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 Robin Vanderkaay, an experienced agent in this area.

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Traverse City Housing Trends

Housing Trends

Median List Price
$459,000
Median Sale Price
$435,000
Median Single Family Sale Price
$459,000
Median Townhouse Sale Price
$350,000
Median 2 Bedroom Sale Price
$335,000
Median Change From 1st List Price
3%
Last 12 months Home Sales
1,099
Median Home Sale Price YoY Change
-1%
Average Price Per Sq Ft
$331

Area Facts

Number of Homes
26,033
Number of Homes for Sale
376
Median Year Built
1985
Months of Supply
4.10
Average Single Family Home Size Sq Ft
1,659
Below the national average
1,929
Average Townhouse Size Sq Ft
1,357
Average 2 Bedroom Size Sq Ft
1,070
Average 1 Bedroom Size Sq Ft
767
Median Lot Size Sq Ft
20,908

Open Houses

  • Sunday, Nov 2
    Open Sun 1PM - 2:30PM

    4243 Summerhill Rd Unit a b c, Traverse City, MI 49684

    $499,000

    • 3 Beds
    • 2 Baths
    • 1,860 Sq Ft
    • 4243 Summerhill Rd
    • Unit a b c

    Discover the ultimate Traverse City lifestyle in this charming 3-bedroom, 2-bath home, perfectly situated on the desirable West Side. You'll find the YMCA, West Middle School, vibrant shops, delightful dining, and beautiful parks all just moments away. Plus, you'll benefit from exceptional storage solutions, including a massive 4+ car garage with room for your RV, vehicles, outdoor gear, or even

    Agent Photo
    Judy Curtice-Porter
    REO-TCRandolph-233022
    (231) 508-9516
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  • Saturday, Nov 1
    Open Sun 12PM - 2PM

    3093 Horseshoe Dr, Traverse City, MI 49684

    $430,000

    • 5 Beds
    • 2 Baths
    • 1,674 Sq Ft
    • 3093 Horseshoe Dr
    • New 8 days ago

    This spacious five-bedroom, 2 full bath home offers the perfect blend of comfort, functionality, and location. The newly built 5 car detached garage is a standout feature, fully equipped with natural gas and water hookups, and designed with a 12-foot door—large enough to store your camper, boat, or all your recreational gear with ease. Inside, the primary bedroom and ensuite were thoughtfully

    Agent Photo
    Beth Olosky
    EXP Realty
    (231) 310-3248
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  • Saturday, Nov 1

    7320 Peninsula Dr, Traverse City, MI 49686

    $1,100,000

    • 4 Beds
    • 3 Baths
    • 2,931 Sq Ft
    • 7320 Peninsula Dr

    This beautifully renovated colonial on Peninsula Drive is undoubtedly a rare find—offering timeless charm, thoughtful updates, and a highly sought-after location. From the moment you step inside, natural light and warm, modern finishes set the tone for an inviting and comfortable home. The main floor was designed for connection and entertaining, featuring a fully renovated kitchen with custom

    Agent Photo
    Ryan Craig
    @properties Christie's Int'l
    (231) 444-2342
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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