Traverse City

Traverse City has been called one of the best-kept secrets in Michigan – especially by folks who are looking for a place to live where they can stay active throughout all four seasons. Home to freshwater beaches, vineyards, lush forests, a thriving agricultural mecca (the largest producer of tart cherries in the U.S.), and a small population of year-round residents enhanced by winter and summer folks who come to town to indulge their love of skiing, swimming, and boating.

This page gives a very detailed overview of the homes, condominiums, land, and commercial property for sale in Traverse City, Michigan.

Real Estate Statistics

Average Price $697K
Lowest Price $50K
Highest Price $8.9M
Total Listings 810
Avg. Days On Market 167
Avg. Price/SQFT $386

Property Types (active listings)


Browse Traverse City Homes for Sale

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New
16768 Wrightwood Terrace Drive, Traverse City

$8,875,000

16768 Wrightwood Terrace Drive, Traverse City

5 Beds 6 Baths 10,412 SqFt Residential MLS® # 475922
841 E Front Street, Traverse City

$6,999,900

841 E Front Street, Traverse City

0 Beds 0 Baths 0 SqFt Commercial MLS® # 1930456
841 E Front Street, Traverse City

$6,999,900

841 E Front Street, Traverse City

0 Beds 0 Baths 0 SqFt Land MLS® # 1930446
New
3619 Tompkins Road, Traverse City

$6,850,000

3619 Tompkins Road, Traverse City

0 Beds 0 Baths 0 SqFt Land MLS® # 1933705
New
3619 Tompkins Road, Traverse City

$6,850,000

3619 Tompkins Road, Traverse City

3 Beds 1.5 Baths 1,632 SqFt Residential MLS® # 1933700
18599 Mission Road, Traverse City

$4,800,000

18599 Mission Road, Traverse City

0 Beds 0 Baths 5,644 SqFt Multi-Family MLS® # 1926874
18599 Mission Road, Traverse City

$4,800,000

18599 Mission Road, Traverse City

0 Beds 0 Baths 5,644 SqFt Commercial MLS® # 1923776
230 Wellington, Traverse City

$4,240,000

230 Wellington, Traverse City

0 Beds 15 Baths 11,807 SqFt Commercial MLS® # 1912528
330 (unit 505) E State Street, Traverse City

$4,100,000

330 (unit 505) E State Street, Traverse City

4 Beds 4 Baths 2,895 SqFt Residential MLS® # 1932273
330 (unit 503) E State Street, Traverse City

$4,100,000

330 (unit 503) E State Street, Traverse City

4 Beds 4 Baths 2,895 SqFt Residential MLS® # 1932239
121 E Front Street, Traverse City

$3,975,000

121 E Front Street, Traverse City

0 Beds 6 Baths 23,983 SqFt Commercial MLS® # 1929973
New
3619 Tompkins Road, Traverse City

$3,900,000

3619 Tompkins Road, Traverse City

3 Beds 1.5 Baths 1,632 SqFt Residential MLS® # 1933699
207 W Grandview, Traverse City

$3,850,957

207 W Grandview, Traverse City

3 Beds 2.5 Baths 3,023 SqFt Residential MLS® # 1923273
15722 Waters Edge, Traverse City

$3,595,000

15722 Waters Edge, Traverse City

4 Beds 4.5 Baths 4,384 SqFt Residential MLS® # 1930574
207 W Grandview, Traverse City

$3,564,936

207 W Grandview, Traverse City

3 Beds 2.5 Baths 2,956 SqFt Residential MLS® # 1923274
207 W Grandview, Traverse City

$3,545,979

207 W Grandview, Traverse City

3 Beds 2.5 Baths 3,023 SqFt Residential MLS® # 1923267
14750 Mallard Drive, Traverse City

$3,300,000

14750 Mallard Drive, Traverse City

0 Beds 0 Baths 0 SqFt Land MLS® # 1921135
207 W Grandview, Traverse City

$3,260,468

207 W Grandview, Traverse City

3 Beds 2.5 Baths 2,956 SqFt Residential MLS® # 1923268
New
111 E State Street, Traverse City

$3,250,000

111 E State Street, Traverse City

5 Beds 3 Baths 2,432 SqFt Residential MLS® # 1933663
207 W Grandview, Traverse City

$3,225,541

207 W Grandview, Traverse City

3 Beds 2.5 Baths 3,023 SqFt Residential MLS® # 1923261
New
829 E Eighth Street, Traverse City

$3,215,000

829 E Eighth Street, Traverse City

0 Beds 0 Baths 13,453 SqFt Multi-Family MLS® # 476032
207 W Grandview, Traverse City

$3,154,052

207 W Grandview, Traverse City

3 Beds 2.5 Baths 2,956 SqFt Residential MLS® # 1923262
New
14088 Bluff Road, Traverse City

$3,000,000

14088 Bluff Road, Traverse City

5 Beds 3.5 Baths 4,409 SqFt Residential MLS® # 1932433
New
13759 S Meridian Drive, Traverse City

$2,995,000

13759 S Meridian Drive, Traverse City

5 Beds 4 Baths 4,654 SqFt Residential MLS® # 1934183
3055 Cass Road, Traverse City

$2,980,000

3055 Cass Road, Traverse City

0 Beds 0 Baths 31,365 SqFt Commercial MLS® # 1906211
New
111 E State Street, Traverse City

$2,950,000

111 E State Street, Traverse City

5 Beds 3 Baths 2,436 SqFt Residential MLS® # 1933664
118 E Front Street, Traverse City

$2,950,000

118 E Front Street, Traverse City

0 Beds 0 Baths 9,045 SqFt Commercial MLS® # 1930524
0000 N Garfield Woods Drive, Traverse City

$2,950,000

0000 N Garfield Woods Drive, Traverse City

0 Beds 0 Baths 0 SqFt Multi-Family MLS® # 1930061
0000 N Garfield Woods Drive, Traverse City

$2,950,000

0000 N Garfield Woods Drive, Traverse City

0 Beds 0 Baths 0 SqFt Land MLS® # 1930060
918 W Front Street, Traverse City

$2,900,000

918 W Front Street, Traverse City

0 Beds 0 Baths 8,308 SqFt Multi-Family MLS® # 1931220
Pending
0 Timberlee Drive, Traverse City

$2,900,000

0 Timberlee Drive, Traverse City

0 Beds 0 Baths 0 SqFt Land MLS® # 1890706
0 Silver Harbor Drive, Traverse City

$2,895,000

0 Silver Harbor Drive, Traverse City

0 Beds 0 Baths 0 SqFt Land MLS® # 1918917
1054-1060 E Front Street, Traverse City

$2,850,000

1054-1060 E Front Street, Traverse City

0 Beds 0 Baths 3,726 SqFt Commercial MLS® # 1908374
1054-1060 E Front Street, Traverse City

$2,850,000

1054-1060 E Front Street, Traverse City

0 Beds 0 Baths 0 SqFt Land MLS® # 1904210
New Pending
(unit 502) 330 E State Street, Traverse City

$2,800,512

(unit 502) 330 E State Street, Traverse City

4 Beds 3 Baths 2,882 SqFt Residential MLS® # 1918835
Vl Cedar Run Road, Traverse City

$2,800,000

Vl Cedar Run Road, Traverse City

0 Beds 0 Baths 0 SqFt Land MLS® # 1928660
10775 East Traverse Highway, Traverse City

$2,750,000

10775 East Traverse Highway, Traverse City

0 Beds 0 Baths 0 SqFt Land MLS® # 1921653
Pending
15678 Waters Edge, Traverse City

$2,715,000

15678 Waters Edge, Traverse City

4 Beds 3.5 Baths 3,314 SqFt Residential MLS® # 1930879
2175 Us-31 N, Traverse City

$2,550,000

2175 Us-31 N, Traverse City

0 Beds 4 Baths 3,270 SqFt Commercial MLS® # 1912472
2175 N Us-31 N, Traverse City

$2,550,000

2175 N Us-31 N, Traverse City

6 Beds 4 Baths 3,270 SqFt Residential MLS® # 1912471
E Carter Road, Traverse City

$2,500,000

E Carter Road, Traverse City

0 Beds 0 Baths 0 SqFt Land MLS® # 1929740
New
333 S West Silver Lake Road, Traverse City

$2,325,000

333 S West Silver Lake Road, Traverse City

4 Beds 3 Baths 2,979 SqFt Residential MLS® # 1933693
13380 Sw Bayshore Drive, Traverse City

$2,300,000

13380 Sw Bayshore Drive, Traverse City

0 Beds 0 Baths 0 SqFt Land MLS® # 1931557
13380 Sw Bay Shore Drive, Traverse City

$2,300,000

13380 Sw Bay Shore Drive, Traverse City

0 Beds 0 Baths 450 SqFt Commercial MLS® # 1931555
New
109 E Front Street, Traverse City

$2,299,999

109 E Front Street, Traverse City

2 Beds 2.5 Baths 2,192 SqFt Residential MLS® # 1932323
330 (unit 504) E State Street, Traverse City

$2,299,000

330 (unit 504) E State Street, Traverse City

4 Beds 2.5 Baths 2,302 SqFt Residential MLS® # 1932272
New
10150 Lake Dubonnet Trail, Traverse City

$2,200,000

10150 Lake Dubonnet Trail, Traverse City

5 Beds 3.5 Baths 3,765 SqFt Residential MLS® # 1933392
New
2751 N Us-31 S, Traverse City

$2,200,000

2751 N Us-31 S, Traverse City

0 Beds 7 Baths 13,550 SqFt Commercial MLS® # 1933364

Check out this video for a look at our Traverse City drone tour, or click here to learn more about Traverse City Homes for Sale

Traverse City Homes for Sale

Introduction to Traverse City Real Estate

Nestled along the shores of Lake Michigan’s Grand Traverse Bay, Traverse City is a charming small-town gem with big-time appeal. Whether you're drawn by its vibrant downtown, scenic landscapes, or thriving arts and wine scene, this Michigan city has captured the hearts of homebuyers nationwide.

In recent years, the real estate market in Traverse City has surged with interest from families, retirees, and investors alike. Thanks to its beautiful natural surroundings, four-season lifestyle, and strong community spirit, it's no wonder people are searching high and low for Traverse City homes for sale.


Types of Homes Available in Traverse City

Single-Family Homes

These traditional favorites range from cozy bungalows to spacious multi-level houses. Perfect for families or those seeking privacy and yard space, Traverse City offers many single-family homes in both suburban and rural settings.

Waterfront Properties

Lakefront living is a dream come true here. Imagine waking up to sunrise over East Bay or watching the sunset from a private dock on Boardman Lake. Waterfront homes offer a premium lifestyle, and they come with prices to match—but the view is worth every penny.

Condos and Townhomes

Ideal for first-time buyers or those looking to downsize, condos and townhomes in Traverse City combine low-maintenance living with excellent location benefits. Many are just steps from restaurants, trails, and beaches.

Historic Homes

Love a little character? Traverse City boasts a collection of early 20th-century homes, especially near downtown and in neighborhoods like Slabtown. These homes often feature unique woodwork, stone fireplaces, and vintage charm.


Best Neighborhoods in Traverse City

Downtown Traverse City

Heart of the city, full of boutiques, coffee shops, and bay views. A walkable paradise for urban dwellers.

Old Mission Peninsula

Known for its wineries and spectacular bay views, Old Mission offers luxury homes and quiet countryside vibes.

Slabtown

A historic neighborhood near the bay, known for its quaint homes, family-friendly parks, and proximity to everything.

Holiday Hills

If you're into skiing or quiet wooded lots, this area near Mt. Holiday Ski Area might be your perfect fit.

Garfield Township

Affordable housing, larger lots, and great schools make Garfield a popular spot for families and first-time buyers.


Current Real Estate Market Trends

Median Home Prices

As of early 2024, the average home price in Traverse City hovers around $440,000, reflecting steady growth driven by demand and limited inventory.

Inventory Levels

While inventory remains tight, new developments are slowly adding more options. Buyers should act quickly when they find a home they love.

Buyer vs. Seller Market Dynamics

It’s still a seller’s market, but the pace has cooled slightly, giving motivated buyers a bit more room to negotiate.


Tips for Buying a Home in Traverse City

  • Set a Realistic Budget: Factor in taxes, HOA fees, and potential renovations.

  • Hire a Local Agent: They know the ins and outs of the neighborhoods and market conditions.

  • Time Your Purchase: Spring and early summer see more listings, but winter can yield better deals.


Waterfront and Lakefront Property Insights

Popular Lakes and Bays

Traverse City is surrounded by stunning bodies of water. West Grand Traverse Bay, East Bay, Boardman Lake, and Silver Lake are some of the most sought-after locations for waterfront living. These areas offer panoramic views, private docks, and quick access to boating and swimming.

Advantages of Lakefront Living

Living by the water isn’t just beautiful—it enhances your quality of life. Homeowners enjoy activities like kayaking, paddleboarding, and fishing from their backyard. Plus, there's nothing quite like watching a summer sunset dance across the bay.

Waterfront Regulations and Considerations

It’s important to know that lakefront properties come with specific zoning and conservation rules. Buyers should consult local guidelines or work with an experienced real estate agent to navigate permits, especially for docks or shoreline alterations.


Luxury Homes in Traverse City

Features of Luxury Homes

Luxury homes here boast top-tier amenities: gourmet kitchens, spa bathrooms, in-ground pools, and smart-home technology. Many also feature multi-acre lots, wine cellars, and panoramic bay views.

Where to Find Luxury Listings

Exclusive properties are concentrated in areas like Old Mission Peninsula, Peninsula Drive, and West Bay Shore. Some luxury homes are nestled on wooded hillsides with sweeping lake vistas, while others are beachfront masterpieces.


Investment Property Opportunities

Vacation Rentals and Airbnb Potential

With Traverse City’s booming tourism industry, vacation rentals offer lucrative returns. Homes near downtown or the lake can fetch high nightly rates, especially in summer. Short-term rental regulations vary by township, so it’s essential to do your homework.

Long-Term Rental Returns

If you're after stable, year-round income, long-term rentals are a smart choice. With the influx of remote workers and new residents, demand for rental housing is high, especially near colleges, hospitals, and tech hubs.


Top Builders and Developers

Trusted Local Construction Companies

Traverse City is home to several reputable builders like Bay Area Contracting, Pathway Homes, and Hawks Eye Builders, known for quality craftsmanship and innovative designs.

Custom vs. Spec Homes

Custom homes offer personalized design, while spec homes are ready-to-move-in. Spec homes are perfect for buyers who want new construction without the wait. Custom homes suit those who want to choose everything from floorplans to fixtures.


Navigating the Home Buying Process

Mortgage Pre-Approval

Start by securing a mortgage pre-approval—it boosts your buying power and shows sellers you’re serious. Lenders like Honor Bank and TCF Bank offer local support and competitive rates.

Home Inspections and Appraisals

Never skip the inspection. An experienced inspector can uncover hidden issues in plumbing, roofing, or foundations. Appraisals ensure the home’s value matches the sale price, a key step for financing.

Closing Process in Michigan

Once the offer is accepted, expect to close within 30–45 days. Michigan requires a title search, home insurance, and final walkthrough before signing the dotted line at closing.


Homeowner Resources and Services

Utilities and Service Providers

Traverse City Light & Power handles electricity, while DTE Energy supplies natural gas. For internet and cable, Spectrum and Cherry Capital Communications are top choices.

Local Renovation Contractors

Whether it’s a full kitchen remodel or new deck, contractors like Blue Water Builders and Great Lakes Carpentry come highly recommended.

Landscaping and Maintenance Services

Keep your yard pristine with help from local landscapers like Nature’s Re-Creations or Precision Landscaping. Snow removal is also a big deal here in winter months.


Traverse City Lifestyle and Amenities

Schools and Education

Traverse City boasts excellent public and private schools. Traverse City Area Public Schools (TCAPS) offers strong academic programs, while The Pathfinder School and St. Francis High School are top-rated alternatives.

Parks and Outdoor Activities

From Sleeping Bear Dunes National Lakeshore to the TART Trail system, Traverse City is an outdoor lover’s paradise. You’ll find biking, hiking, skiing, and more—all year long.

Dining, Shopping, and Entertainment

Foodies rejoice! Traverse City’s culinary scene features farm-to-table dining, fresh-caught fish, and renowned wineries. Don't miss hotspots like The Cooks’ House, Trattoria Stella, and Cherry Republic.


Cost of Living in Traverse City

Property Taxes

Expect to pay around 1.5%–1.8% of your home’s assessed value in property taxes. Rates can vary depending on the township and special assessments.

Utility Costs

Monthly utilities for an average-sized home run between $200–$300, including heating (important in snowy winters), electricity, and water.

Average Household Expenses

Groceries, insurance, and transportation are comparable to the national average. Traverse City offers a balance between small-town charm and metropolitan convenience.


FAQs About Traverse City Homes for Sale

1. Is Traverse City a good place to live year-round?

Absolutely! While summers are vibrant and tourist-filled, winters bring skiing and cozy small-town charm. Residents enjoy four beautiful seasons and a strong sense of community.

2. Are waterfront homes in Traverse City affordable?

Waterfront homes typically come at a premium. However, options vary—smaller lakefront cottages may be more affordable, while luxury estates can reach into the millions.

3. What’s the best time to buy a home in Traverse City?

Late fall and winter often bring less competition and better deals. Spring and summer have more listings but come with higher prices and bidding wars.

4. Do I need flood insurance for lakefront property?

Some properties may require it depending on elevation and proximity to water. Check FEMA flood maps and speak to your insurance provider.

5. How competitive is the Traverse City real estate market?

It's still competitive, especially for desirable locations. Homes can sell quickly, so it's best to be pre-approved and ready to move fast.

6. Can I find fixer-uppers or investment opportunities?

Yes! There are older homes and under-the-radar properties perfect for renovation or rental income. Partner with a local agent to scout these gems.


Conclusion and Final Thoughts

Whether you're dreaming of a lakefront escape, a cozy downtown condo, or a family home in a quiet neighborhood, Traverse City homes for sale offer something for everyone. With its unbeatable blend of natural beauty, strong economy, and vibrant community, this city truly stands out as one of Michigan’s top places to live.

Ready to find your dream home? Start exploring today—and let Traverse City welcome you home.

Start searching for your dream home now.

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