Is Traverse City, MI 49696 a buyer’s or seller’s market?
Traverse City is a buyer’s market. With about 6.5 months of supply, buyers usually have more time and more room to negotiate on price and terms.
Months of supply6.5Under 4 months = seller’s market
Sold above original list23.8%Share of sales, last 3 months
Median sale-to-list99.8%Sold price ÷ list price
Median days on market43Listing to accepted offer
Median price per sq ft$306▲ +9.3% vs. last year
Run the numbers for 49696
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