Unshakable ZIP Data 49685 | Traverse City, MI Housing Market
Traverse City · Grand Traverse County · Traverse City, MI metro · Michigan · Data updated June 19, 2026
The median sale price in ZIP 49685, Traverse City, Michigan is $496,886 at $288 per square foot. 84 single-family homes sold in the latest period, down 10.2 percent from a year earlier. Homes sit a median of 40 days on market with 4.3 months of supply. Sellers are getting 98.1 percent of list price and 17.1 percent of homes sold above asking.
Balanced market.
Value anchors
| Metric | Value | Year over year |
|---|---|---|
| Average single-family value | $436,379 | |
| Average price per sq ft | $253 | |
| Median sale price | $496,886 | |
| Median sale price per sq ft | $288 | |
| Median home size | 1,725 sq ft | |
| Median new listing price | $534,432 | +18.8% |
| National size rank | 6,499 |
Sales activity
| Metric | Value | Year over year |
|---|---|---|
| Homes sold | 84 | -10.2% |
| Median days on market | 40 days | |
| Months of supply | 4.3 months | |
| New listings | 135 | -4.9% |
| Active listings | 211 | -8.8% |
| Pending sales | 107 | -11.9% |
Pricing power
| Metric | Value | Year over year |
|---|---|---|
| Average sale-to-list ratio | 98.1% | +0.6 pts |
| Share sold above list | 17.1% | -4.2 pts |
Bedroom value anchors
Average values by bedroom count. Value anchors for orientation, not appraisals.
2-bedroom
$358,700
3-bedroom
$403,574
4-bedroom
$528,205
5-bedroom
$699,819
These figures describe the single-family market for Traverse City, Michigan ZIP 49685. They are market context, not a substitute for sold comps or a formal appraisal.