Is Traverse City, MI 49684 a buyer’s or seller’s market?

Seller’s market 3 months ending August 31, 2026 · Source: Redfin

Traverse City is a seller’s market. With about 3.5 months of supply and 22% of recent sales closing above the original list price, competing offers are common on well-priced homes. Buyers here often have a pre-approval in hand and a plan for the appraisal gap before touring.

Months of supply3.5Under 4 months = seller’s market

Sold above original list21.9%Share of sales, last 3 months

Median sale-to-list98.7%Sold price ÷ list price

Median days on market42Listing to accepted offer

Median price per sq ft$332▼ −2.0% vs. last year

Run the numbers for 49684

Prefilled for 49684Can I win this house?Multiple-offer likelihood for a listing Prefilled for 49684Over-asking calculatorTypical range over list ToolOffer strength scoreHow your offer looks to a seller ToolAppraisal gapCash needed if it appraises low

Nearby markets

Cedar 49621Buyer’s market $278 /sq ft Empire 49630Balanced $336 /sq ft Glen Arbor 49636Balanced $1,296 /sq ft Lake Leelanau 49653Seller’s market $386 /sq ft Browse all markets →

Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology