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Foreclosures in Traverse City, MI

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Traverse City, MI Foreclosures

How much do homes sell for in Traverse City, MI?
The average home price is currently $561,277.
In Traverse City, MI, how many homes are available?
There are currently 34 active home listings available in Traverse City.
What’s the average rental cost in Traverse City, MI?
The average rental price in Traverse City is $1,497.
What is the most expensive home in Traverse City?
The most expensive home sold in Traverse City had a price of $13,062,214.
What is currently the cheapest priced home in Traverse City, MI?
The cheapest home for sale in Traverse City is priced at $7,229.

Living in Traverse City, MI

Traverse City, MI, is a charming lakeside community known for its stunning natural beauty, vibrant arts scene, and recreational activities. It offers a plethora of outdoor adventures, local wineries, and festivals that make life here enjoyable year-round. With a welcoming community and excellent amenities, Traverse City is an ideal place for families and individuals alike.

Current Market Conditions in Traverse City, MI

The real estate market in Traverse City has seen significant growth in recent months, fueled by increased demand for vacation homes and properties due to remote working trends. This trend has led to a tighter inventory and rising home prices, making it a competitive market for buyers looking for homes in this picturesque area.

Currently, Traverse City exhibits a healthy real estate market with a mix of single-family homes, condos, and waterfront properties. The influx of new residents and businesses is positively impacting the local economy, making it an attractive destination for real estate investment.

Home Value Estimator For Traverse City, MI

There are currently 33,553 real estate properties in Traverse City, MI, with a median automated valuation model (AVM) price of $438,303.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Traverse City, MI, based on current market trends, comparable real estate sales nearby, historical data and, of course, property features, among other variables. These automated home estimates are often very helpful, providing buyers and sellers with a better idea of a home’s value ahead of the negotiation process. For example, the average home price in Traverse City, MI, is $561,277.00, with the most expensive house in Traverse City, MI, topping out at $13,062,214.00 and the cheapest home in Traverse City, MI, clocking in at $7,229.00. In other words, there’s something for every potential homebuyer or savvy investor in Traverse City, MI!

Rent Prices In Traverse City, MI

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Traverse City, MI, is on a rollercoaster ride. The average rent price in Traverse City, MI, is $1,497.00. Indeed, when looking to rent in Traverse City, MI, you can expect to pay as little as $610.00 or as much as $2,660.00, with the average rent median estimated to be $1,490.00. The good news is that finding an affordable and desirable property to rent in Traverse City, MI -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.

Traverse City, MI

Market Trend for Traverse City, MI

Total Listings Available: 34

Market Values:

Home Prices from $7,229 to $13,062,214

Average Sales Price: $561,277

Rental Values:

Rental from $610 to $2,660

Average Rent Value: $1,497 / month

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