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Map of Traverse City, MI REAL ESTATE LISTINGS & PROPERTIES FOR SALE

For Sale

What is the housing market like in Central Traverse City today?

In March 2024, Central Traverse City home prices were up 35.7% compared to last year, selling for a median price of $610K. On average, homes in Central Traverse City sell after 37 days on the market compared to 64 days last year. There were 5 homes sold in March this year, up from 4 last year.

$610,000

Median Sale Price

5

# of Homes Sold`

36

Median Days on Market

Living in Traverse City

Your Guide To

Living in Traverse City

With Molly Buttlemen

Traverse City, MI, renowned for its vibrant cherry orchards, stunning lakefront views, and a thriving arts scene, is a gem located in Northern Michigan. This picturesque city, nestled on the shores of Lake Michigan's Grand Traverse Bay, offers a unique blend of natural beauty, cultural richness, and a relaxed lifestyle that appeals to families, retirees, and young professionals alike. Known as a foodie haven with a penchant for local wines and farm-to-table dining, Traverse City attracts those who appreciate the finer aspects of culinary delights. Additionally, its commitment to maintaining a clean and healthy environment, coupled with numerous recreational activities ranging from sailing to skiing, makes it an ideal destination for those seeking an active lifestyle in a serene setting.

Traverse City's economy is buoyed by tourism, winemaking, and agriculture, which provide a stable base for the local real estate market. The city's growing reputation as a hub for arts and entertainment, along with its annual film festival and cherry festival, also enhances its allure, drawing visitors and new residents year-round. For real estate buyers, Traverse City offers a range of properties from waterfront homes to cozy downtown condos, all benefiting from the area’s scenic landscapes and community-focused lifestyle.

1
What types of real estate options are available for sale in Traverse City, MI?
Traverse City, MI, offers a variety of real estate options including single-family homes, waterfront properties, condos, townhouses, and rural estates. The area is known for its vibrant community and scenic landscapes, making it appealing for a wide range of buyers.
2
What is the average price range for homes for sale in Traverse City, MI?
The price range for homes in Traverse City varies. Condos and townhomes typically start around $200,000, while single-family homes range from $300,000 to over $1 million, especially for waterfront properties or those with significant acreage.
3
Are there waterfront properties available for sale in Traverse City, MI?
Yes, waterfront properties are a significant draw in Traverse City, located along the shores of Grand Traverse Bay and numerous inland lakes. These properties are highly sought after for their beautiful views and access to water activities.
4
What features are commonly found in Traverse City properties?
Properties in Traverse City often feature spacious living areas, large yards, and amenities tailored to enjoying the outdoor lifestyle, such as decks, patios, and docks for waterfront homes. Many homes also incorporate elements of rustic charm with modern conveniences.
5
What makes Traverse City, MI, a desirable location for purchasing real estate?
Traverse City is desirable for its beautiful natural surroundings, including vineyards, lakes, and forests, as well as its thriving downtown area with shops, restaurants, and cultural festivals. The community is known for its quality of life, excellent schools, and recreational opportunities.
6
What should buyers consider when purchasing real estate in Traverse City, MI?
Buyers should consider the location's proximity to desired amenities, such as schools, shopping centers, and healthcare facilities, as well as the potential for seasonal tourist traffic which can impact lifestyle and property value.
7
Are properties in Traverse City, MI a good investment?
Properties in Traverse City are considered a good investment due to the area's popularity as a tourist destination, its growing economy, and the steady appreciation in real estate values. The market tends to be stable with a good demand for both primary residences and vacation homes.
8
What types of luxury properties are available in Traverse City, MI?
Luxury properties in Traverse City include custom-built homes with extensive features, waterfront estates on Grand Traverse Bay or on one of the many inland lakes, and large acreage properties with privacy and exclusive amenities.
9
What amenities are nearby for residents of Traverse City, MI?
Residents of Traverse City enjoy a wealth of amenities, including access to outdoor recreation such as boating, fishing, hiking, and skiing. The area also boasts numerous wineries, golf courses, and is a culinary hotspot with a focus on local produce and gourmet dining. Cultural amenities include theaters, art galleries, and a variety of festivals that celebrate the region's heritage and produce.

Traverse City Area Overview

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