Homes for Sale in Traverse City

Yes! Traverse City is one of Michigan’s most desirable places to live and vacation. Known for its stunning lake views, charming downtown, vibrant food and wine scene, and four-season lifestyle, it's a smart choice for both primary residences and second homes.

Traverse City offers a wide range of real estate, including lakefront homes, cozy cottages, downtown condos, modern new builds, historic homes, and rural properties with acreage. Whether you're looking for waterfront luxury or a low-maintenance condo near town, you'll find plenty of options.

Prices vary widely depending on location and proximity to water. Condos and small homes start around $300,000, while larger family homes typically range from $500,000 to $900,000. Waterfront homes or properties near Old Mission Peninsula can exceed $1 million, especially those with private beach access.

Top areas include the Downtown District (walkable and vibrant), Old Mission Peninsula (scenic and exclusive), Slabtown (historic charm), and the Boardman and Holiday Hills neighborhoods. Buyers also love the Leelanau Peninsula and areas around East and West Grand Traverse Bay.

Definitely. Traverse City’s strong tourism economy, limited housing inventory, and year-round appeal contribute to steady property appreciation. Vacation rentals and second homes are especially popular here, and waterfront properties tend to maintain high value.

Traverse City is a four-season destination. Residents enjoy boating, fishing, skiing, hiking, golfing, cherry festivals, and wineries. It also offers excellent healthcare, great schools, boutique shopping, a thriving arts scene, and a growing culinary reputation.

Yes! Several new developments are emerging around the city and nearby townships. Buyers can find energy-efficient, custom-built homes and modern designs with upgraded finishes — both within walking distance of downtown and in peaceful, wooded settings.