Why Live in Oak Park
Oak Park in Traverse City is a residential neighborhood characterized by its proximity to downtown amenities, including shops, restaurants, and parks. The area features a mix of older homes, such as Craftsmans, brick cottages, and Italianates, alongside modern industrial townhouses built in the 2010s. Streets are gridded and lined with shade trees, and many homes have fenced yards and front-facing gardens. The neighborhood is within walking distance of several dining options, including Potter’s Bakery, Round’s Restaurant, and Raduno. F & M Park, located on the west side of Oak Park, offers a train-themed playground, seasonal ice-skating rink, basketball courts, and hosts events during the National Cherry Festival. Just west of the neighborhood, the Grand Traverse County Civic Center provides sports fields, walking and biking paths, and the Howe Ice Arena. Beach parks like Bryant Beach Park and Sunset Park Beach are a block north, offering swim access. Oak Park students attend highly rated schools in the Traverse City Area Public School District, including Eastern Elementary School, East Middle School, and Central High School. The neighborhood benefits from low crime risk compared to the national average. Major employers in Traverse City, such as Munson Medical Center and Northwestern Michigan College, are nearby, and Cherry Capital Airport is just under 3 miles east. Traverse City Transit provides convenient bus service around the city.
Home Trends in Oak Park, MI
On average, homes in Oak Park, Traverse City sell after 59 days on the market compared to the national average of 51 days. The median sale price for homes in Oak Park, Traverse City over the last 12 months is $450,000, down 1% from the median home sale price over the previous 12 months.
Median Sale Price
$450,000
Median Single Family Sale Price
$395,000
Median Townhouse Sale Price
$522,000
Median 2 Bedroom Sale Price
$395,000
Average Price Per Sq Ft
$371
Number of Homes for Sale
9
Last 12 months Home Sales
46
Median List Price
$441,950
Median Change From 1st List Price
7%
Median Home Sale Price YoY Change
-1%