Traverse City, MI Real Estate & Property Data

Traverse City Real Estate Market Trends
Last Updated: September 06, 2025

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Traverse City Real Estate Market Trends
Total Residential Properties 34,098
Total Commercial Properties 5,679
Avg. Home Age (Single Family Home) 48 Years
Avg. Square Feet (Single Family Home) 1,647
Total 2025 Residential Sales (year-to-date) N/A
% of Homes Seriously Underwater (Q3 2025) 0.01%
Total 2024 Residential Sales N/A
% of Equity Rich Homes (Q3 2025) 4.06%
Effective 2024 Property Tax 0.81%
Total Foreclosure Filings (year-to-date) 21
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Traverse City, MI Real Estate Market Overview

Last 30 days
  • Zip
    Median Est. Value
  • Zip
    Median Est. Value
  • Zip
    Median Est. Value

Traverse City, MI Foreclosure Activity

There were a total of 2 Traverse City, MI properties with a foreclosure filing in June 2025.

Total Foreclosure Filings i
2
(Jun 2025)
year-over-year
y-o-y
  • June '25 Jun '25 2
  • May '25 May '25 7
  • April '25 Apr '25 5
  • March '25 Mar '25 2
  • February '25 Feb '25 2
  • January '25 Jan '25 3
  • December '24 Dec '24 7
  • November '24 Nov '24 1
  • October '24 Oct '24 2
  • September '24 Sep '24 3
  • August '24 Aug '24 3
  • July '24 Jul '24 4
Foreclosure Starts i
2
(Jun 2025)
year-over-year
y-o-y
  • June '25 Jun '25 2
  • May '25 May '25 7
  • April '25 Apr '25 5
  • March '25 Mar '25 2
  • February '25 Feb '25 2
  • January '25 Jan '25 3
  • December '24 Dec '24 7
  • November '24 Nov '24 1
  • October '24 Oct '24 2
  • September '24 Sep '24 3
  • August '24 Aug '24 3
  • July '24 Jul '24 4
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