$775,000
- 3 Beds
- 2 Baths
- 1,258 Sq Ft
864 E State St, Traverse City, MI 49686
Lydia Wiley
@properties Christie's Int'l
(231) 227-3246
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Why Live in Old Town
Old Town in Traverse City offers residents a highly walkable and bike-friendly environment, with gridded streets, well-maintained sidewalks, and bike paths connecting to downtown. The neighborhood features Victorian and Craftsman-style homes, many with private yards and off-street parking accessed via alleyways. While there are no parks within Old Town, residents can easily reach Lay and Hannah parks along the Boardman River, and Clinch Park and Sunset Park Beach overlooking Grand Traverse Bay. The nearby Boardman Lake Trail provides a 4-mile loop for hiking and biking, complete with lookout piers and kayak launches. For entertainment, the Old Town Playhouse hosts community theater productions year-round. Dining options include Archie’s Social House, known for its local pierogis and seasonal cocktails, and Traverse City Whiskey Company, which offers mixology classes. Essential amenities like Tom’s Food Market and specialty shops are within walking distance. Schools in the area are highly rated, including Central Grade School, East Middle School, Central High School, and St. Francis High School. The neighborhood is safer than the national average, and public transportation is readily available through the Bay Area Transportation Authority. Cherry Capital Airport is conveniently located just under 5 miles east of downtown.
Home Trends in Old Town, MI
On average, homes in Old Town, Traverse City sell after 98 days on the market compared to the national average of 51 days. The median sale price for homes in Old Town, Traverse City over the last 12 months is $397,000, down 23% from the median home sale price over the previous 12 months.
Housing Trends
Median Sale Price
$397,000
Median Single Family Sale Price
$405,196
Median Townhouse Sale Price
$370,000
Median 2 Bedroom Sale Price
$389,950
Average Price Per Sq Ft
$314
Number of Homes for Sale
2
Last 12 months Home Sales
26
Months of Supply
0.90
Median List Price
$399,200
Median Change From 1st List Price
1%
Median Home Sale Price YoY Change
-23%
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