Traverse City, MI metro area Housing Market Brief
metro · MI · score computed October 2026
What is Traverse City, MI metro area’s Alpha Score?
The Alpha Score is a composite 0–100 index of market strength, a weighted blend of five dimensions. See the methodology.
Population band 4 of 5 (population 112,714–277,881) · comparable within its band
Where is Traverse City, MI metro area in its market cycle?
Traverse City, MI metro area is classified as Declining — cooling, with scores declining over recent months. This is a classification of recent (1–12 month) momentum, not a price forecast.
What’s the forecast for Traverse City, MI metro area?
Metro-level forecasts are paused (since Oct 18, 2026). The new public-data model we built to replace them didn't pass our accuracy test, and we won't publish forecasts again until a model does.
Traverse City, MI metro area housing market data
| Metric | Value | YoY | Source |
|---|---|---|---|
| Median Sale Price | $449K | ▲ +3.2% | Redfin |
| Median Days on Market | 55 days | ▼ -12.7% | Redfin |
| Months of Supply | 5.0 | ▲ +47.1% | Redfin |
| Homes for Sale | 1,288 | ▲ +14.3% | Redfin |
| Homes Sold | 260 | ▼ -22.2% | Redfin |
| Median Price / Sq Ft | $259 | ▼ -7.3% | Redfin |
How has Traverse City, MI metro area’s Alpha Score moved?
Markets like Traverse City, MI metro area
- Great Falls, MT metro area, MTmetro47
- Barre, VT metro area, VTmetro45
- New Brunswick, NJ metro area, NJmetro41
- Forest City, NC metro area, NCmetro46
- Morristown, TN metro area, TNmetro57
- Cookeville, TN metro area, TNmetro51
- Morehead City, NC metro area, NCmetro48
- Eau Claire, WI metro area, WImetro55
- Billings, MT metro area, MTmetro49
- Wilmington, DE metro area, DEmetro47
Frequently asked questions
Is Traverse City, MI metro area a buyer's or seller's market?
In the scores computed October 2026, Traverse City, MI metro area is classified as a Balanced Market, based on its Alpha Score of 50 out of 100. The classification reflects current price, building, affordability, economic, and rental-yield conditions.
Are home prices rising or falling in Traverse City, MI metro area?
The median sale price in Traverse City, MI metro area is $449K, having risen 3.2% over the past year, according to Redfin.
How affordable is Traverse City, MI metro area?
Traverse City, MI metro area scores 28 out of 100 on affordability — relatively unaffordable relative to local incomes and prevailing mortgage rates compared with other metros.
What's driving Traverse City, MI metro area's Alpha Score?
Traverse City, MI metro area's strongest dimension is Inventory Health (68/100) and its weakest is Rental Yield (24/100). The Alpha Score is a weighted blend of all five dimensions.
Want the live, interactive view of Traverse City, MI metro area? Open the full market dashboard — charts, ZIP-level drill-down, and watchlist tracking. Explore the map or read the methodology.