“Thank you for helping us find the right home we appreciate all the work you did for us to get in to a house.”
Cressy & Everett Real Estate
- Agent Pronto
- Michigan
- Traverse City
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Agent Pronto analyzes transaction data, agent specialties, and client reviews to handpick the best agents in your area. Updated for June 2026. *
* Sales data is calculated based on transaction information available to Agent Pronto at the time of publishing and may not accurately reflect all transactions for a given agent.
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Traverse City real estate Market Report.
Information and statistics on the latest trends in the Traverse City real estate market. *
Latest Rolling 3-Month Snapshot
Mar 1, 2026 - May 31, 2026
Median sale price
$445K
-3.3%
from
Q1 '26
Median list price
$468K
+4%
from
Q1 '26
Active listings
250
+20%
from
Q1 '26
Homes sold
81
+21%
from
Q1 '26
New pendings
100
+23%
from
Q1 '26
New listings
154
+66%
from
Q1 '26
Quarterly Pricing Trends for Traverse City
Rolling three-month data ending on quarter boundaries when available.
Median sale price
Median list price
Quarterly Pricing Trends for Traverse City
Rolling three-month data ending on quarter boundaries when available.
Median sale price
Median list price
Quarterly Pricing Trends for Traverse City
Rolling three-month data ending on quarter boundaries when available.
Median sale price
Median list price
Quarterly Inventory and Sales Activity for Traverse City
Rolling three-month supply and activity totals for the selected period.
Active listings
Homes sold
New pendings
New listings
Quarterly Inventory and Sales Activity for Traverse City
Rolling three-month supply and activity totals for the selected period.
Active listings
Homes sold
New pendings
New listings
Quarterly Inventory and Sales Activity for Traverse City
Rolling three-month supply and activity totals for the selected period.
Active listings
Homes sold
New pendings
New listings
25
Seller’s Market
Seller’s Market
Buyer’s Market
0
20
40
60
80
100
0
25
50
75
100
Market gauge is calculated using active listings and pending sales from the most recently available reporting period (Mar 2026 - May 2026).
Year over year, Traverse City’s rolling three-month data points to rising values but softer activity. The typical home value is up about 6% from a year ago, even as homes sold and new listings are each down roughly one-fifth. Inventory has thinned compared with last year, with active listings falling nearly 17%.
Looking at the latest rolling three-month period ending in May 2026, prices are holding at a relatively high level, with a typical home value of about $445,000 and a median list price near $468,000. Homes are spending more time on the market than a year ago, at a median of 58 days, and months of supply has climbed to 6.2, indicating conditions are less tight than in recent past seasons.
Demand is still present but more selective, with about 18% of recent sales closing above list price and the average sale-to-list ratio just under 99%. At the same time, new listings and pending sales are both down more than 20% year over year, suggesting some owners and buyers may be pausing decisions. This mix of firm prices, slower pace, and higher supply makes careful pricing and negotiation especially important. In this evolving Traverse City market, Agent Pronto can connect both buyers and sellers with an experienced local agent who understands these trends and knows how to navigate them.
Learn more about what Traverse City has to offer.
Traverse City offers residents a close-knit community, rich cultural and outdoor opportunities, and a high quality of life with easy access to parks, beaches, local arts, and a thriving small-business scene.
Traverse City stands apart from other northern Michigan communities with its rare mix of freshwater shoreline, a walkable downtown, and a serious food and arts culture. Locals enjoy the four seasons equally, from busy summers on Grand Traverse Bay to quiet winters that still keep Front Street lively with events, dining, and live music.
Residents prize access to the water and trails. The TART Trails system and Boardman Lake Loop make cycling and running part of everyday life, while Clinch Park and the West End Beach shoreline are close to downtown. The Open Space hosts festivals that draw visitors from nearby communities like Acme and Interlochen. Families value strong schools such as Traverse City Area Public Schools and cultural hubs like the City Opera House.
Neighborhoods range from historic homes near downtown to quieter residential pockets along the Old Mission Peninsula and west toward Leelanau County. Each area has its own feel, and market conditions can vary dramatically street by street, especially during the summer and early fall selling season.
Whether you are preparing to list a longtime family home or secure a place before the next peak season, timing and preparation matter in Traverse City. Agent Pronto can connect both buyers and sellers with the right local real estate professional to navigate this unique market confidently.
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“Process was smooth and easy, everything went well would definitely would recommend.”
EXP Realty
“Barketa is an excellent realtor! She is knowledgeable regarding the marketing and pricing of homes in our area, is trustworthy and willing to work with us while listening to our needs, and is a lot of fun to be around. Barketa navigated us through negotiations well and always explained each choice including pros and possible cons. We would definitely recommend Barketa to family and friends and really enjoyed going through this process with her! Thank you Barketa!!🩷 You ROCK!!”
Century 21 Circle
“Natasha's patience, commitment, communication, and drive, to make sure I found a home I would love and feel safe is the biggest attributes. I worked with Natasha to find a house for over a year. during this time, I never once felt like a burden or felt like she was giving up on me at all, she yet made me feel like I still was one of her most important clients and that I was still being prioritized. I am extremely grateful for all of Natasha's hard work and I would recommend her to everyone who is looking to buy a house.”
Bellabay Realty Tri-Counties
“Angie is amazing! In a very short time I came to trust her, which is not always easy with someone trying to sell you something. There was never a time where I felt she wasn't looking out for our best interests. She is fair, honest, and quick to respond to all of our questions. She has become the 'family realtor!' Thanks, Angie!”
Century 21 Signature
“I worked with his team member Michelle Owens for the second time. I highly recommend her, she is knowledgeable, friendly and professional!”
Cressy & Everett Real Estate
“Thank you Marie for all you did to help with the purchase!”
Century 21 Signature Realty
“Every aspect of THIS transaction was outstanding. She is on the ball as well as anyone I dealt with from her team. She was direct, no BS and honest. I appreciate those traits enormously. I will use her again in the future. I wish she worked in other states! Lol! I would highly, highly recommend her to anyone interested in buying a home.”
Century 21 Affiliated
“Wonderful human, great to work with!!!”
Keller Williams KW Showcase Realty
“Kelly was great to work with. She was available at all times. Checked in with bank and myself when needed. Going through buying our first home Kelly articulated the process simply and prepared us for next steps along the way. I would recommend her to anyone looking for someone buy or sell their home. 10/10 expereince.”
Century 21 Affiliated
“Loved working with Don. He was considerate, knowledgeable of the area and helped me find the perfect home!”
Cornerstone Real Estate
“Tiffanie was very professional, and exceeded my expectations with the quality of work she provided. I would highly recommend.”
EXP Realty
“Katherine Schaumburger and her team performed with very effeciently and professionally after I listed our home with them> My circumstance was unique in that I moved out of state shortly after I signed on to have the Schaumburger Team handle the selling of our home. Everything was handled long distance and with my well being in mind! The end resulted in the successful selling of our home and receiving a far better end result than I had anticipated! I would whole heartedly recommend the Schaumburger organizion for any Real Estate transaction! Sincerely. Dan Hallgren”
eXp Realty
“Amy Schnople was almost a part of the family! She was willing to do anything for us, and made sure we knew she was 100% serious. Highly recommended.”
Century 21 Affiliated
“Everything was positiive about dealing with Tom. The one negative is his recommendation of "George" for minor remedial work. George is quite unprofessional and unable to provide the services that are needed.”
Dwelling Place Inc
“Mark is very straightforward. He knows the ropes and gets right to business. Always very responsive and honest.”
Hearthstone Realty Group
“You led me to Sam Masteller and HE is an angel!”
Berkshire Hathaway Home Services
“Jeremy helped me with multiple purchases. He is passionate about real estate and knows the market inside and out. Since he has construction experience, I felt completely comfortable with him guiding me in what to ignore and what to pay close attention to when reviewing home inspections. He's honest, reliable and truly cares about his clients. I can't be more thankful for crossing paths with Jeremy, and I highly recommend him to anyone who might be selling or purchasing a home in the future.”
Cornerstone Real Estate
“Allison is extremely professional and knowledgeable. She is quick to respond to messages and communication was excellent! I would highly recommend her.”
Rockgate Real Estate
“The tour was easy to use and we were super satisfied with Renee.”
Cedarwood Realty
Frequently Asked Questions
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There are more than 2 million real estate agents across the U.S., and you want to be sure the one you partner with is an experienced and trustworthy professional with strong local expertise covering the housing market in and around Traverse City. Working with a proven agent will help you sell your home faster and for more money, and help you find your dream home at the best possible price.
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Choosing a real estate agent to help you buy or sell property is one of the most important decisions you’ll make in your lifetime. You want to make sure your agent is an expert in your area, has a proven record helping people buy and sell similar homes to yours, and is well regarded by their previous clients. Let us know a few details about the property you are selling or the kind of home you want to buy, and Agent Pronto will match you with trusted real estate agents that have the experience you need. And before you interview an agent, check out our top five questions to ask a buyer’s agent and listing agent.
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We consider performance metrics, close rates, specialties, and client reviews to qualify the best full-time agents. We then take the information you provide about the home you are selling or the kind of home you want to buy, and analyze the top local agents with the right experience for your specific needs. For more than a decade, we've helped hundreds of thousands of home buyers and sellers find the right agent. Get started now and find the perfect real estate agent.
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No. Agent Pronto is a free service for home buyers and sellers and you are under no obligation to work with our recommended agents. Find your Traverse City Realtor® or real estate agent today.
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