Is Traverse City, MI 49686 a buyer’s or seller’s market?
Traverse City is a balanced market. With about 4.1 months of supply, well-priced homes can still draw more than one offer, but buyers have some room to negotiate.
Months of supply4.1Under 4 months = seller’s market
Sold above original list22.8%Share of sales, last 3 months
Median sale-to-list99.3%Sold price ÷ list price
Median days on market51Listing to accepted offer
Median price per sq ft$289▼ −4.3% vs. last year
Run the numbers for 49686
Nearby markets
Buckley 49620Buyer’s market $224 /sq ftGrawn 49637Balanced $275 /sq ftKingsley 49649Buyer’s market $193 /sq ftTraverse City 49685Seller’s market $261 /sq ft Browse all markets →Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology