Explore Downtown Traverse City, MI Homes for Sale & Insider Tips

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Traverse City, Michigan

Downtown Traverse City, MI, offers a vibrant mix of small-town charm and modern amenities, making it one of Northern Michigan’s most desirable places to live. Nestled along the shores of Grand Traverse Bay, this walkable community is known for its lively arts scene, award-winning restaurants, boutique shopping, and year-round events like the National Cherry Festival and Traverse City Film Festival.

Homebuyers will find an eclectic mix of real estate options, including historic Victorian homes, craftsman bungalows, modern condos, and waterfront properties. With easy access to beaches, marinas, parks, and trails, downtown living provides a lifestyle that blends convenience with natural beauty. Whether you're looking for a permanent residence, vacation getaway, or investment property, Downtown Traverse City offers exceptional quality of life and strong real estate value.

Real Estate Statistics

Average Price	$1.2M
Lowest Price	$179K
Highest Price	$4.1M
Total Listings	108
Avg. Days On Market	179
Avg. Price/SQFT	$654

Property Types (active listings)

Browse Downtown Traverse City Homes for Sale

• All Listings
• $100,000 - $200,000
• $200,000 - $300,000
• $300,000 - $400,000
• $400,000 - $500,000
• $500,000 - $600,000
• $600,000 - $700,000
• $700,000 - $800,000
• $800,000 - $900,000
• $900,000 - $1,000,000
• Over $1,000,000

Bedrooms

Bathrooms

Price Range

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$4,100,000

330 (unit 505) E State Street, Traverse City

4 Beds 4 Baths 2,895 SqFt Residential MLS® # 1932273

$4,100,000

330 (unit 503) E State Street, Traverse City

4 Beds 4 Baths 2,895 SqFt Residential MLS® # 1932239

$3,850,957

207 W Grandview, Traverse City

3 Beds 2.5 Baths 3,023 SqFt Residential MLS® # 1923273

$3,564,936

207 W Grandview, Traverse City

3 Beds 2.5 Baths 2,956 SqFt Residential MLS® # 1923274

$3,545,979

207 W Grandview, Traverse City

3 Beds 2.5 Baths 3,023 SqFt Residential MLS® # 1923267

$3,260,468

207 W Grandview, Traverse City

3 Beds 2.5 Baths 2,956 SqFt Residential MLS® # 1923268

$3,225,541

207 W Grandview, Traverse City

3 Beds 2.5 Baths 3,023 SqFt Residential MLS® # 1923261

$3,154,052

207 W Grandview, Traverse City

3 Beds 2.5 Baths 2,956 SqFt Residential MLS® # 1923262

New

$2,950,000

111 E State, Traverse City

4 Beds 3 Baths 2,436 SqFt Residential MLS® # 1939577

New Pending

$2,800,512

(unit 502) 330 E State Street, Traverse City

4 Beds 3 Baths 2,882 SqFt Residential MLS® # 1918835

$2,299,000

330 (unit 504) E State Street, Traverse City

4 Beds 2.5 Baths 2,302 SqFt Residential MLS® # 1932272

New

$2,250,000

100 E Front Street, Traverse City

3 Beds 3 Baths 1,514 SqFt Residential MLS® # 1939434

$2,195,000

100 Park Street, Traverse City

3 Beds 3.5 Baths 1,941 SqFt Residential MLS® # 1935521

$2,103,156

207 W Grandview, Traverse City

2 Beds 2.5 Baths 2,068 SqFt Residential MLS® # 1923272

$2,100,000

109 E Front Street, Traverse City

2 Beds 2.5 Baths 2,192 SqFt Residential MLS® # 1932323

$1,999,000

330 (unit 405) E State Street, Traverse City

4 Beds 2.5 Baths 2,302 SqFt Residential MLS® # 1932268

Pending

$1,975,000

100 Park Street, Traverse City

4 Beds 3.5 Baths 1,845 SqFt Residential MLS® # 1935519

$1,840,520

207 W Grandview, Traverse City

2 Beds 2.5 Baths 2,068 SqFt Residential MLS® # 1923266

New

$1,800,000

100 E Front Street, Traverse City

2 Beds 2 Baths 1,430 SqFt Residential MLS® # 1939437

New

$1,700,000

100 E Front Street, Traverse City

3 Beds 2 Baths 1,316 SqFt Residential MLS® # 1939433

New

$1,700,000

100 E Front Street, Traverse City

2 Beds 2 Baths 1,141 SqFt Residential MLS® # 1939431

$1,689,000

330 (unit 501) E State Street, Traverse City

3 Beds 2.5 Baths 2,388 SqFt Residential MLS® # 1932237

$1,654,400

207 W Grandview, Traverse City

2 Beds 2.5 Baths 2,068 SqFt Residential MLS® # 1923260

$1,620,000

732 State Street, Traverse City

3 Beds 3.5 Baths 3,763 SqFt Residential MLS® # 1938814

$1,590,500

Tbb 120 N Cedar Street, Traverse City

3 Beds 3.5 Baths 4,085 SqFt Residential MLS® # 1927455

$1,500,000

330 (unit 408) E State Street, Traverse City

2 Beds 2.5 Baths 1,545 SqFt Residential MLS® # 1932235

$1,500,000

330 (unit 404) E State Street, Traverse City

2 Beds 2.5 Baths 1,545 SqFt Residential MLS® # 1932234

$1,477,187

412 Webster Street, Traverse City

3 Beds 2.5 Baths 2,081 SqFt Residential MLS® # 1929793

Pending

$1,452,750

412 Webster Street, Traverse City

3 Beds 2.5 Baths 2,385 SqFt Residential MLS® # 1929791

Pending

$1,440,043

207 W Grandview, Traverse City

1 Bed 1.5 Baths 1,271 SqFt Residential MLS® # 1923271

$1,399,000

330 (unit 406) E State Street, Traverse City

2 Beds 3 Baths 1,441 SqFt Residential MLS® # 1932269

$1,382,062

412 Webster Street, Traverse City

3 Beds 2.5 Baths 2,081 SqFt Residential MLS® # 1929792

$1,339,000

330 (unit 402) E State Street, Traverse City

2 Beds 3 Baths 1,441 SqFt Residential MLS® # 1932262

$1,339,000

330 (unit 401) E State Street, Traverse City

3 Beds 2.5 Baths 2,388 SqFt Residential MLS® # 1932233

$1,301,504

207 W Grandview, Traverse City

1 Bed 1.5 Baths 1,271 SqFt Residential MLS® # 1923265

New

$1,300,000

530 South Union Street, Traverse City

5 Beds 2.5 Baths 3,713 SqFt Residential MLS® # 1939126

New

$1,275,000

100 E Front Street, Traverse City

2 Beds 2 Baths 1,040 SqFt Residential MLS® # 1939435

New

$1,275,000

100 E Front Street, Traverse City

2 Beds 2 Baths 994 SqFt Residential MLS® # 1939432

$1,240,000

330 (unit 407) E State Street, Traverse City

2 Beds 2.5 Baths 1,350 SqFt Residential MLS® # 1932271

$1,240,000

330 (unit 403) E State Street, Traverse City

2 Beds 2.5 Baths 1,350 SqFt Residential MLS® # 1932265

$1,229,760

207 W Grandview, Traverse City

1 Bed 1.5 Baths 1,344 SqFt Residential MLS® # 1923270

$1,162,965

207 W Grandview, Traverse City

1 Bed 1.5 Baths 1,271 SqFt Residential MLS® # 1923259

$1,149,120

207 W Grandview, Traverse City

1 Bed 1.5 Baths 1,344 SqFt Residential MLS® # 1923264

Pending

$1,121,937

412 Webster Street, Traverse City

3 Beds 2.5 Baths 1,570 SqFt Residential MLS® # 1929794

New

$1,100,000

100 E Front Street, Traverse City

2 Beds 2 Baths 1,080 SqFt Residential MLS® # 1939436

New

$1,100,000

206 Boardman Avenue, Traverse City

2 Beds 2.5 Baths 1,432 SqFt Residential MLS® # 1938545

$1,075,000

↓ $125,000

215 Washington Street, Traverse City

2 Beds 2 Baths 1,560 SqFt Residential MLS® # 1938275

New

$1,049,000

333 Grandview Parkway, Traverse City

3 Beds 3.5 Baths 2,185 SqFt Residential MLS® # 1938992

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Downtown Traverse City, MI Homes for Sale – Ultimate Guide + 25 Must-Know Tips

Introduction

Why Downtown Traverse City is a Dream Location
Imagine waking up to the gentle breeze rolling off Grand Traverse Bay, grabbing a fresh cup of coffee from your favorite local café, and walking along Front Street—all without getting into a car. That’s the magic of downtown Traverse City. Whether you’re relocating, investing, or buying your forever home, downtown Traverse City blends small-town charm with big-city amenities. This guide will walk you through everything you need to know before buying a home in one of Michigan’s most sought-after communities.

Quick Snapshot

Median Home Prices, Market Trends, and Neighborhood Stats

Here’s a bird’s-eye view of the current market:

Traverse City’s housing market continues to show strong appreciation, especially in downtown where demand often outweighs supply.

Benefits of Living Downtown

Walkability, Lifestyle, Community Feel

Downtown Traverse City offers:

• High Walkability Score: Grocery stores, shops, and entertainment are all steps away.

• Year-Round Events: From the National Cherry Festival to weekly farmer’s markets.

• Community Connection: Friendly neighbors, seasonal festivals, and a sense of belonging.

• Proximity to Water: Enjoy boardwalk strolls, kayaking on the Boardman River, or lounging on Clinch Park Beach.

Living here means trading long commutes for lake breezes and local experiences.

Check out this video for a look at our Traverse City drone tour

Architectural Styles You'll Find

From Historic Charm to Modern Luxury

The housing stock downtown is eclectic:

• Craftsman Bungalows: Cozy porches, original woodwork.

• Victorian Beauties: Ornate trims, bay windows, historic character.

• Modern Builds: Sleek, energy-efficient condos with high-end finishes.

• Loft Apartments: Industrial touches in converted historic buildings.

Buyers can choose between lovingly preserved historic homes and new developments with luxurious amenities.

Popular Streets & Neighborhood Pockets

Where Buyers are Flocking

If you're looking for the best streets to live on downtown, these stand out:

• Washington Street: Tree-lined and historic, minutes to Front Street.

• Sixth Street: Known for its Victorian architecture and quiet vibe.

• Boardman Neighborhood: Bordering the river with scenic views.

• Eighth Street Corridor: Up-and-coming with new restaurants and walkability.

Each pocket offers a distinct vibe while keeping you close to the heart of the city.

Downtown Condo Living

Amenities, HOAs, and Price Per Sq Ft

Condos downtown appeal to:

• Retirees: Maintenance-free living with proximity to healthcare and recreation.

• Young Professionals: Modern spaces close to work and entertainment.

• Second Homeowners: Lock-and-leave convenience.

Typical amenities include:

• Fitness centers

• Heated garages

• Balconies with bay views

• Secured entry

HOA fees range from $300–$700/month and cover building maintenance, snow removal, and some utilities.

Waterfront Homes in Downtown Traverse City

Lake Views, Canal Homes, and Beach Access

Dreaming of waking up to water views?

• West Bay Waterfront: Offers the crème de la crème of lakefront living.

• Boardman River Homes: Rare finds, perfect for kayak enthusiasts.

• Canal-Access Cottages: Hidden gems with water views and dock potential.

Expect to pay a premium—but the lifestyle? Absolutely worth it.

Traverse City’s Most Sought-After Zip Codes

49684, 49686, and Their Unique Appeal

• 49684: Covers downtown proper—highly walkable, historic homes, and bustling nightlife.

• 49686: East of downtown, slightly more suburban feel with newer construction.

While both zip codes are desirable, your choice depends on whether you want the bustle of downtown or a bit more space with easy access to it.

Investment Potential & ROI

Short-Term Rentals, Long-Term Growth

Downtown homes offer:

• Excellent Short-Term Rental Potential: Especially during Cherry Festival, Traverse City Film Festival, and summer weekends.

• Steady Appreciation: Historic average of 7–9% annually.

• Limited Inventory: High demand keeps prices strong.

If you're investing, check with the city about zoning and short-term rental permits—certain areas allow it, others don’t.

Traverse City School Districts

Public, Private, and Charter Options

Parents have choices when it comes to education:

• TCAPS (Traverse City Area Public Schools): Highly rated, especially Central High School.

• Charter Schools: Old Mission Peninsula School and Woodland School are great options.

• Private: The Pathfinder School and St. Francis offer alternative curriculum and values-based learning.

This makes the area attractive to young families looking for quality education options.

Transportation & Commute

How Easy is it to Get Around?

Downtown makes it easy to live car-lite:

• BATA Bus Routes: Local and regional transportation.

• Bike-Friendly Roads: Extensive trail network, including the TART Trail.

• Walkability: Most errands can be done on foot.

You’ll be surprised how little you’ll need to drive once you settle in.

Local Job Market & Economy

Career Opportunities Downtown

Downtown is more than tourism:

• Healthcare: Munson Medical Center is a top employer.

• Tech & Startups: A growing remote workforce and co-working spaces.

• Hospitality & Retail: Steady demand year-round, boosted by seasonal peaks.

Remote work? Many downtown condos offer home office space with inspiring views.

Dining & Nightlife Scene

Breweries, Cafés, and Top Restaurants

Downtown Traverse City has become a foodie haven and nightlife hotspot. Here's what residents love:

Must-Try Restaurants

• The Cook’s House – Farm-to-table cuisine with a seasonal menu.

• Amical – French-American bistro with lake views and a killer brunch.

• Red Ginger – Upscale Asian fusion with sushi that locals rave about.

Craft Breweries & Wineries

• Right Brain Brewery – Creative beers in an artsy space.

• Rare Bird Brewpub – A local staple with rotating taps and hearty food.

• Mammoth Distilling – Small-batch spirits with live music nights.

Coffee & Dessert Spots

• Higher Grounds – Organic coffee roaster steps from the Commons.

• Moomers Ice Cream – Voted best in the U.S.—yes, it’s that good.

Whether you’re unwinding on a patio in summer or catching live jazz downtown, there’s no shortage of fun after dark.

Arts, Culture & Events

Film Festival, Live Music, and Galleries

Culture is baked into Traverse City’s DNA:

• Traverse City Film Festival: Founded by Michael Moore, this draws crowds and celebrities.

• National Cherry Festival: Parades, concerts, air shows—truly iconic.

• Dennos Museum Center: Permanent exhibits and rotating art shows.

• Downtown Art Walks: A visual treat with participating galleries like Crooked Tree Arts Center.

Art, music, and community storytelling come together year-round, giving residents rich cultural opportunities.

Health & Wellness Options

Hospitals, Yoga Studios, and Outdoor Fitness

Living healthy is easy downtown:

• Munson Medical Center: A leading regional hospital just minutes away.

• Yoga & Pilates: The Yoga Space and Yen Yoga Studio are local favorites.

• Running Trails: The Boardman Lake Loop Trail is perfect for joggers and cyclists.

You’ll also find fitness clubs, healthy eateries, and wellness-focused events like the TC VegFest.

Parks & Recreation

The Boardman River Trail, Beaches, and More

Traverse City lives outdoors:

• Clinch Park: Sandy beach, splash pad, kayak rentals.

• Hickory Hills: Skiing in winter, hiking in summer.

• Boardman River Nature Center: Trails, wildlife viewing, and family programs.

• Grand Traverse Commons Natural Area: Miles of forested trails in the heart of the city.

Whether it’s paddleboarding at sunrise or snowshoeing at dusk, you’re never far from a scenic escape.

Pet-Friendly Living

Dog Parks, Trails, and Vet Clinics

Downtown is a haven for pets:

• Wags West Dog Park: Fenced and shaded with a community vibe.

• Pet-Friendly Patios: Many cafés welcome furry friends.

• Vet Care: Banfield and East Bay Animal Hospital are trusted options.

With trails and parks galore, it’s easy to give your pet a life as adventurous as yours.

Local Services & Amenities

Grocery Stores, Post Office, Banking

Convenience is key downtown:

• Oryana Co-op: Organic and local groceries.

• Tom’s Market: Your neighborhood go-to for staples.

• Post Office: Centrally located on Union Street.

• Banks: Huntington, Fifth Third, and local credit unions nearby.

You’ll find everything you need—without the suburban sprawl.

Sustainable Living Options

Eco-Friendly Homes & Green Certifications

Traverse City values sustainability:

• Green Builders: Several firms specialize in LEED-certified and Passive House designs.

• Solar Options: Homeowners are increasingly installing solar panels.

• Recycling Programs: City-wide initiatives reduce waste and promote green living.

Eco-conscious buyers will appreciate the city’s commitment to the environment.

Homebuyer Tips for Downtown TC

Insider Advice to Land Your Dream Home

Here’s what seasoned locals and agents recommend:

1. Move Fast: Desirable homes don’t last long.

2. Get Pre-Approved: Show sellers you’re serious.

3. Consider Renovation: Some homes need love but offer great upside.

4. Be Flexible: Expand your search radius just a few blocks and score a deal.

Working with a local expert is key to navigating this competitive market.

Financing Options

Mortgage Types, Lenders, and Pre-Approval Tips

Home financing is straightforward with the right tools:

• Conventional Loans: Great for buyers with solid credit.

• FHA Loans: Perfect for first-time buyers.

• VA Loans: Great option if you’re eligible.

• Local Lenders: Often know the market best and close faster.

Get pre-approved before home tours to show sellers you’re ready to move.

Navigating the Buying Process

From Offer to Closing – Step-by-Step

1. Connect with a Realtor

2. Tour Homes + Make an Offer

3. Negotiate + Sign Purchase Agreement

4. Schedule Inspection + Appraisal

5. Secure Financing

6. Close + Get the Keys

Most deals close in 30–45 days. Your agent will be your navigator every step of the way.

Common Buyer Mistakes

What to Avoid in Traverse City’s Market

• Skipping Pre-Approval: Weakens your offer.

• Lowball Offers: Risk losing your dream home.

• Overlooking HOA Fees: These can add up.

• Not Researching Zoning: Especially if you plan to rent out.

Avoid costly missteps with the help of an experienced agent.

Working With a Local Expert

Why You Need a Traverse City Realtor

A local expert like Brook Walsh understands:

• Pricing nuances street-by-street

• Off-market listings and coming-soon properties

• Rental rules, HOA restrictions, and renovation potential

Partnering with a professional ensures you don’t leave money—or opportunity—on the table.

Featured Listings Snapshot

Real-Time Market Samples from BrookWalsh.com

Explore more at BrookWalsh.com.

Testimonials & Resident Experiences

Stories from Happy Downtown Homeowners

“We moved from Chicago and never looked back. The quality of life here is unmatched.”
— Emily R., Downtown Resident

“Our condo gives us front-row seats to everything—festivals, parades, sunsets over the bay.”
— Mark & Susan T.

There’s nothing quite like calling downtown Traverse City home.

External Resources

• Traverse City Downtown Development Authority (DDA)

• Traverse City Area Public Schools

• Traverse Area Association of Realtors

Frequently Asked Questions

1. Can I rent my home as a short-term rental?
A. Some zones allow it, others don’t. Check with the city and your HOA if applicable.

2. What’s the average home price in downtown Traverse City?
A. Around $500,000–$550,000, depending on location, size, and condition.

3. Are there waterfront homes available?
A. Yes, but inventory is limited. Act quickly when one hits the market.

4. How competitive is the market?
A. Very. Homes often sell within days—sometimes above asking price.

5. What are property taxes like?
A. Roughly 1.5–1.8% of assessed value, depending on the property’s location.

6. Are there good schools nearby?
A. Yes—Traverse City schools are among the top-rated in Northern Michigan.

Final Thoughts

Why Now is the Time to Buy in Downtown Traverse City

Downtown Traverse City blends natural beauty, cultural depth, and investment potential like few places in Michigan. Whether you're buying your first home, upgrading to a waterfront dream, or investing in a lifestyle, the time is now. With limited inventory and rising values, waiting could mean paying more later.

Ready to Start Your Search?

Explore listings and local insights at BrookWalsh.com or reach out to Northern Michigan Escapes for personalized help. Whether you’re relocating, investing, or dreaming, we’re here to make it happen.

Explore homes in the downtown lifestyle communities below or contact Brook Walsh to help with your search. You can also reach Brook by phone at (231) 459-3179 for all of your Northern Michigan real estate needs.