Explore Traverse City, MI Homes for Sale | Must-See Neighborhoods & Top 10 Properties

Traverse City

Nestled on the shores of beautiful Grand Traverse Bay, Traverse City is a vibrant community known for its blend of small-town charm and modern amenities. Whether you’re drawn to the stunning natural beauty, thriving arts scene, or year-round outdoor recreation, Traverse City offers something for everyone.

The city is home to a rich mix of historic architecture, new developments, and lakefront estates, making it an ideal place for both families and retirees. With top-ranked schools, a robust local economy, and a wide range of dining and entertainment options, Traverse City is the perfect place to call home. Its proximity to award-winning wineries, parks, and ski resorts ensures that outdoor enthusiasts and culture lovers alike will find their perfect fit.

Real Estate Statistics

Average Price	$752K
Lowest Price	$50K
Highest Price	$8.9M
Total Listings	849
Avg. Days On Market	161
Avg. Price/SQFT	$394

Property Types (active listings)

Browse Traverse City Homes for Sale

• All Listings
• Under $100,000
• $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

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$8,875,000

16768 Wrightwood Terrace Drive, Traverse City

5 Beds 6 Baths 10,412 SqFt Residential MLS® # 475922

$6,999,900

841 E Front Street, Traverse City

0 Beds 0 Baths 0 SqFt Commercial MLS® # 1930456

$6,999,900

841 E Front Street, Traverse City

0 Beds 0 Baths 0 SqFt Land MLS® # 1930446

$6,500,000

↓ $350,000

3619 Tompkins Road, Traverse City

0 Beds 0 Baths 0 SqFt Land MLS® # 1933705

$6,500,000

↓ $350,000

3619 Tompkins Road, Traverse City

3 Beds 1.5 Baths 1,632 SqFt Residential MLS® # 1933700

$5,549,000

3888 Swaney Road, Traverse City

6 Beds 7 Baths 12,374 SqFt Residential MLS® # 1938310

Pending

$5,100,000

935 Beautiful Shores, Traverse City

4 Beds 7 Baths 6,301 SqFt Residential MLS® # 1934716

$4,700,000

18599 Mission Road, Traverse City

11 Beds 11 Baths 6,233 SqFt Residential MLS® # 1935725

$4,700,000

18599 Mission Road, Traverse City

0 Beds 0 Baths 5,644 SqFt Commercial MLS® # 1935651

$4,700,000

18599 Mission Road, Traverse City

0 Beds 0 Baths 5,644 SqFt Multi-Family MLS® # 1935650

New

$4,550,000

123 S Union Street, Traverse City

0 Beds 0 Baths 35,889 SqFt Commercial MLS® # 1936620

$4,240,000

230 Wellington, Traverse City

0 Beds 15 Baths 11,807 SqFt Commercial MLS® # 1912528

$4,199,000

↓ $200,000

2721 Nelson Road, Traverse City

5 Beds 5 Baths 6,945 SqFt Residential MLS® # 1934261

$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

$4,000,000

7135 E Birch Point Road, Traverse City

4 Beds 2.5 Baths 3,372 SqFt Residential MLS® # 1937316

$3,975,000

121 E Front Street, Traverse City

0 Beds 6 Baths 23,983 SqFt Commercial MLS® # 1929973

$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

New

$3,500,000

6841 Brown Bridge Road, Traverse City

0 Beds 0 Baths 10,404 SqFt Commercial MLS® # 1938665

$3,500,000

↓ $400,000

3619 Tompkins Road, Traverse City

3 Beds 1.5 Baths 1,632 SqFt Residential MLS® # 1933699

$3,300,000

14750 Mallard Drive, Traverse City

0 Beds 0 Baths 0 SqFt Land MLS® # 1921135

$3,260,468

207 W Grandview, Traverse City

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

$3,250,000

522 E Front, Traverse City

0 Beds 0 Baths 6,584 SqFt Commercial MLS® # 1938856

$3,250,000

2755 Shore Wood Drive, Traverse City

4 Beds 3.5 Baths 4,506 SqFt Residential MLS® # 1935074

$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

$3,050,000

111 E State, Traverse City

4 Beds 3 Baths 2,432 SqFt Residential MLS® # 1939624

New

$2,950,000

111 E State, Traverse City

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

Pending

$2,950,000

144 Hall Street, Traverse City

0 Beds 3 Baths 18,454 SqFt Commercial MLS® # 1937780

$2,950,000

123 S Union Street, Traverse City

0 Beds 0 Baths 20,000 SqFt Commercial MLS® # 1936538

$2,950,000

118 E Front Street, Traverse City

0 Beds 0 Baths 9,045 SqFt Commercial MLS® # 1930524

$2,945,000

↓ $355,000

15722 Waters Edge, Traverse City

4 Beds 4.5 Baths 4,384 SqFt Residential MLS® # 1937126

Pending

$2,945,000

↓ $50,000

13759 S Meridian Drive, Traverse City

5 Beds 4 Baths 4,654 SqFt Residential MLS® # 1934183

$2,900,000

3055 Cass Road, Traverse City

0 Beds 0 Baths 31,365 SqFt Commercial MLS® # 1906211

Pending

$2,900,000

0 Timberlee Drive, Traverse City

0 Beds 0 Baths 0 SqFt Land MLS® # 1890706

New

$2,895,000

0 Silver Harbor Drive, Traverse City

0 Beds 0 Baths 0 SqFt Land MLS® # 1936498

$2,850,000

10191 Peninsula Drive, Traverse City

4 Beds 3.5 Baths 3,800 SqFt Residential MLS® # 1938111

New Pending

$2,800,512

(unit 502) 330 E State Street, Traverse City

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

$2,800,000

Vl Cedar Run Road, Traverse City

0 Beds 0 Baths 0 SqFt Land MLS® # 1928660

$2,750,000

↓ $250,000

14088 Bluff Road, Traverse City

5 Beds 3.5 Baths 4,409 SqFt Residential MLS® # 1932433

$2,750,000

10775 East Traverse Highway, Traverse City

0 Beds 0 Baths 0 SqFt Land MLS® # 1921653

New

$2,735,000

15985 Waters Edge, Traverse City

4 Beds 3.5 Baths 4,077 SqFt Residential MLS® # 1939713

New

$2,650,000

121 Rivers Edge Drive, Traverse City

0 Beds 4 Baths 8,196 SqFt Commercial MLS® # 1934973

$2,650,000

1054-1060 E Front Street, Traverse City

0 Beds 0 Baths 3,726 SqFt Commercial MLS® # 1908374

$2,650,000

1054-1060 E Front Street, Traverse City

0 Beds 0 Baths 0 SqFt Land MLS® # 1904210

$2,550,000

2175 Us-31 N, Traverse City

0 Beds 4 Baths 3,270 SqFt Commercial MLS® # 1912472

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Traverse City, MI Homes for Sale | Must-See Neighborhoods + Top 10 Property Picks

Discover Traverse City, MI homes for sale in top neighborhoods. Explore amenities, prices, and our top 10 picks in this ultimate homebuying guide.

Introduction to Traverse City Real Estate

If you're searching for Traverse City, MI homes for sale, you're not alone. This charming Northern Michigan community has become one of the most sought-after destinations in the Midwest. With its blend of small-town charm, urban amenities, and natural beauty, Traverse City offers something for everyone — from first-time homebuyers to seasoned investors and retirees seeking serenity.

Whether you’re drawn in by the vineyards, sandy beaches, or buzzing downtown district, real estate in Traverse City isn’t just a purchase—it’s a lifestyle investment.

Why Buyers Are Flocking to Traverse City

Traverse City consistently ranks among the best places to live in Michigan. The area boasts:

• A picturesque waterfront on Grand Traverse Bay

• Year-round recreation from skiing to boating

• Top-ranked public schools and a strong local economy

• A thriving foodie scene with award-winning restaurants and craft breweries

Add in low crime rates, strong community involvement, and stunning sunsets, and it’s easy to see the appeal.

Current Market Snapshot

As of mid-2025, the median home price in Traverse City hovers around $420,000, but there’s a wide range depending on location and features. Lakefront homes and historic estates can climb into the millions, while condos and starter homes offer entry-level affordability. Inventory remains tight, so working with a local expert like Brook Walsh at BrookWalsh.com is crucial for success.

Popular Neighborhoods in Traverse City

Downtown Traverse City

Perfect for walkability lovers, downtown offers:

• Easy access to boutiques, coffee shops, and restaurants

• Proximity to Clinch Park Beach and Boardman Lake Trail

• Loft-style condos, updated historic homes, and townhouses

Slabtown

One of the oldest neighborhoods in the city, Slabtown offers:

• Tree-lined streets and Victorian-style homes

• A laid-back, nostalgic vibe

• Walking distance to West End Beach

Old Mission Peninsula

This is wine country! Old Mission offers:

• Breathtaking bay views and sprawling estates

• Quiet, upscale living with easy access to wineries

• Popular among luxury buyers and second-home owners

Boardman Neighborhood

A hit with families and professionals, this area features:

• Well-kept homes and excellent school zoning

• Parks, bike trails, and access to the TART Trail

• Mix of mid-century and newer builds

Holiday Hills

Ideal for skiers and snow lovers:

• Located near Mt. Holiday Ski Area

• More affordable real estate options

• Great rental potential for investors

Home Styles and Architecture

Historic Homes

From Craftsman to Colonial, Traverse City’s historic districts tell a story. Many of these homes are restored with modern comforts while maintaining their original charm.

Modern Lakefront Estates

These stunners offer:

• Floor-to-ceiling windows with water views

• Smart home technology and energy-efficient materials

• Private docks and outdoor living spaces

Family-Friendly Subdivisions

In neighborhoods like Silver Lake and Logan Hills, you’ll find:

• Spacious yards and cul-de-sacs

• Nearby playgrounds and trails

• Newer constructions with open floor plans

Pricing Breakdown

Entry-Level Homes

• Range: $250,000–$350,000

• Typically 2–3 bedrooms, smaller lots

• Perfect for first-time buyers or retirees downsizing

Mid-Range Properties

• Range: $375,000–$600,000

• Includes updated family homes, some condos, and lake access properties

• Often located in high-demand school districts

Luxury Lakefront Listings

• Range: $1M+

• Features: Private waterfront, chef’s kitchens, and expansive decks

• Commonly found along West Bay and Old Mission Peninsula

Top 10 Homes for Sale Right Now

(Note: Listings based on example data; verify with BrookWalsh.com)

1. Modern Waterfront Estate – Old Mission ($2.3M)
   Over 4,500 sq ft with panoramic views, wine cellar, and home theater.

2. Downtown Victorian – Slabtown ($895K)
   Restored charm meets updated systems. Walk to shops!

3. Craftsman in Boardman ($485K)
   Includes a full basement, fireplace, and fenced yard.

4. New Construction – Holiday Hills ($565K)
   4BR home with ski access and luxury finishes.

5. Lakefront Condo – East Bay ($749K)
   Turnkey property ideal for summer rentals.

6. Cottage Charm – Silver Lake ($325K)
   Quaint home with lake access and massive potential.

7. Family Retreat – Logan Hills ($650K)
   Large home with finished basement and triple-car garage.

8. Penthouse Loft – Downtown ($975K)
   High ceilings, exposed brick, and rooftop terrace.

9. Bungalow – Slabtown ($399K)
   Two-bedroom gem with updated kitchen and hardwood floors.

10. Luxury Ranch – South Traverse ($1.2M)
    Private acreage, in-ground pool, and gourmet kitchen.

Traverse City Lifestyle & Amenities

Outdoor Recreation

• Kayaking, boating, and paddleboarding on the bay

• World-class skiing at Crystal Mountain and Mt. Holiday

• 100+ miles of trails for biking and hiking

Dining and Entertainment

Traverse City’s food scene is off the charts:

• Farm-to-table restaurants like Trattoria Stella

• Wineries on Old Mission and Leelanau Peninsula

• Microbreweries like Right Brain and Rare Bird

Education and Schools

The Traverse City Area Public Schools (TCAPS) district is highly rated, and options include:

• Public, private, and charter schools

• Northwestern Michigan College (NMC) for higher education

• Montessori and Waldorf alternatives

Health and Wellness

• Munson Medical Center (regional hospital)

• Fitness studios, spas, and wellness retreats

• Outdoor-focused lifestyle supports year-round health

Buying a Home in Traverse City: What to Know

Financing Options

• Conventional and FHA loans available

• Local credit unions offer competitive rates

• Pre-approval gives buyers an edge in this tight market

Home Inspection Tips

• Always check for water damage, especially near the lakes

• Be aware of historical foundations and insulation types

• Hire local inspectors familiar with seasonal wear

Property Taxes in Traverse City

• Typically range from 1.5–1.8% of assessed value

• Homestead exemptions reduce tax rates for primary residences

• Non-homestead properties (like vacation homes) are taxed higher

Investment and ROI Opportunities

Vacation Rentals and Short-Term Income

• Traverse City is a tourism hotbed

• Properties near beaches or wineries yield high summer income

• Platforms like NorthernMichiganEscapes.com maximize rental potential

Long-Term Property Value Trends

• Average appreciation rate: 6%–8% annually over the last 5 years

• Lakefront and historic homes show strongest ROI

• Increasing demand from remote workers

Sustainability and Green Homes

Eco-Friendly Builds

• Builders are incorporating recycled materials and local lumber

• LEED-certified homes are growing in demand

Energy-Efficient Upgrades

• Solar panels, geothermal systems, and smart thermostats

• Energy Star appliances boost resale value

• Tax credits often available for eco-upgrades

Working with a Local Realtor

Benefits of Local Expertise

• Knows neighborhoods inside and out

• First to hear of off-market listings

• Can guide inspections, appraisals, and negotiations

BrookWalsh.com | Real Estate Excellence in Northern Michigan

Brook Walsh is a seasoned professional with deep Northern Michigan roots and a track record of over $500M in transactions. With expertise in vacation homes, investment properties, and luxury estates, Brook provides unmatched insight and negotiation power. Learn more at BrookWalsh.com.

FAQs About Homes for Sale in Traverse City

Q1: What’s the average home price in Traverse City?
A: As of 2025, the average price is around $420,000, with wide variation based on location and size.

Q2: Is Traverse City a good place to invest in real estate?
A: Absolutely. With growing tourism and remote work demand, it's ideal for both short-term and long-term investments.

Q3: Are there pet-friendly neighborhoods?
A: Yes, many neighborhoods like Slabtown and Boardman welcome pets and have parks and trails nearby.

Q4: What are winters like in Traverse City?
A: Cold and snowy! But it’s a winter wonderland with skiing, snowmobiling, and cozy lakefront vibes.

Q5: How competitive is the market?
A: Homes sell quickly. Working with a local expert helps you jump on listings fast.

Q6: Can I use my home as a vacation rental?
A: Yes, but check zoning laws and HOA rules. Areas like Holiday Hills and East Bay are popular for rentals.

Conclusion

Ready to Start Your Home Search?

Traverse City combines natural beauty, community warmth, and investment opportunity into one irresistible package. Whether you’re dreaming of lake views, downtown living, or a place to raise your family, this Northern Michigan gem checks all the boxes.

Contact Brook Walsh Today

With expert knowledge, insider access, and a passion for helping clients find their perfect home, Brook Walsh is your go-to Traverse City real estate partner. Reach out via BrookWalsh.com and start your journey today!

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.