The median home value in Traverse City, MI is $397,250.
This is
higher than
the county median home value of $160,000.
The national median home value is $308,980.
The average price of homes sold in Traverse City, MI is $397,250.
Approximately 55% of Traverse City homes are owned,
compared to 36% rented, while
10% are vacant.
Traverse City real estate listings include condos, townhomes, and single family homes for sale.
Commercial properties are also available.
If you like to see a property, contact Traverse City real estate agent to arrange a tour today!
Learn more about Traverse City.
Discover the perfect Canvas for your dream home in the desirable Paradise Ridge development. Nestled amidst towering trees and tranquil surroundings, this pristine 4 acre parcel offers the ultimate retreat from the hustle and bustle of city life. Ideally situated just minutes from Lake Ann and a short 15-Minute drive to the vibrant city of Traverse City enjoy the best of both worlds!
Discover the perfect Canvas for your dream home in the desirable Paradise Ridge development. Nestled amidst towering trees and tranquil surroundings, this pristine 4 acre parcel offers the ultimate retreat from the hustle and bustle of city life. Ideally situated just minutes from Lake Ann and a short 15-Minute drive to the vibrant city of Traverse City enjoy the best of both worlds!
This Long Lake Peninsula wooded lot has been waiting for you and your new home. Shared access to Long Lake with boat ramp, dock and beach area. Community park with baseball field, beach volleyball, pavilion and playground right across the street! This was originally 5 lots on 2.26 acres The majority of this property is on wetlands and due diligence will be required. Priced accordingly This is two separate lots, with with separate tax ID#'s totalling 2.26 acres
"On Golden Pond"... Evoking the feeling of peace and tranquility, the setting of this waterfront building site is a rare find. Located mere minutes (2.6 miles) from downtown Traverse City and just inside the border of Leelanau County, Cherry Bend Lake is a private, spring-fed lake unknown to many, making it a hidden gem of Elmwood Township only accessible by 14 property owners. Featuring 90 feet of frontage, it's ideal for pedal boats or stand-up paddleboarding. It's also the perfect view and setting to start your morning, with a cup of coffee, watching the sunrise over the sparkling water. Municipal sewer is available at the road. Not only is this site close to downtown, it's even closer to the TART Trail (giving you the ability to bike as far as Suttons Bay and Williamsburg), the lovely Elmwood Township Park featuring tennis courts, sports fields, a playground and pavilion, and near DeYoung Natural Area on all-sports Cedar Lake.
"On Golden Pond"... Evoking the feeling of peace and tranquility, the setting of this waterfront building site is a rare find. Located mere minutes (2.6 miles) from downtown Traverse City and just inside the border of Leelanau County, Cherry Bend Lake is a private, spring-fed lake unknown to many, making it a hidden gem of Elmwood Township only accessible by 14 property owners. Featuring 90 feet of frontage, it's ideal for pedal boats or stand-up paddleboarding. It's also the perfect view and setting to start your morning, with a cup of coffee, watching the sunrise over the sparkling water. Municipal sewer is available at the road. Not only is this site close to downtown, it's even closer to the TART Trail (giving you the ability to bike as far as Suttons Bay and Williamsburg), the lovely Elmwood Township Park featuring tennis courts, sports fields, a playground and pavilion, and near DeYoung Natural Area on all-sports Cedar Lake.
Wooded, private 1.35-acre lot in desirable Cedar Valley Ridge. Driveway roughed in and level building site cleared. 133 acres of common area are directly accessible. Common area includes 7 miles of groomed trails perfect for hiking, dog walking, and cross-country skiing. Enjoy a peaceful walk through the meadow and along pristine Cedar Run Creek. Common area is exclusive to owners in Cedar Valley Ridge and a small handful of adjacent neighbors. This award-winning 177-acre development has only 35 home sites and is located just 7.5 miles from Traverse City. Fiber optic cable, natural gas and underground electric available. www.cedarvalleyridge.com.
Wooded, private 1.35-acre lot in desirable Cedar Valley Ridge. Driveway roughed in and level building site cleared. 133 acres of common area are directly accessible. Common area includes 7 miles of groomed trails perfect for hiking, dog walking, and cross-country skiing. Enjoy a peaceful walk through the meadow and along pristine Cedar Run Creek. Common area is exclusive to owners in Cedar Valley Ridge and a small handful of adjacent neighbors. This award-winning 177-acre development has only 35 home sites and is located just 7.5 miles from Traverse City. Fiber optic cable, natural gas and underground electric available. www.cedarvalleyridge.com.
Location! Location! Build your dream home with amazing views and privacy! Located in the Grayhawk neighborhood only minutes from downtown TC. This wooded sloping lot would allow for a beautiful walkout lower level with stunning views. Just one mile from Munson Medical Center and minutes to Traverse City's amazing dining experiences. Tucked away at the top of the neighborhood sits this rare lot with endless opportunities. The trees and foliage make for a private and peaceful setting.
Location! Location! Build your dream home with amazing views and privacy! Located in the Grayhawk neighborhood only minutes from downtown TC. This wooded sloping lot would allow for a beautiful walkout lower level with stunning views. Just one mile from Munson Medical Center and minutes to Traverse City's amazing dining experiences. Tucked away at the top of the neighborhood sits this rare lot with endless opportunities. The trees and foliage make for a private and peaceful setting.
Positioned mere minutes from Traverse City and Suttons Bay, Leelanau Highlands presents beautiful sights of West Bay and the surrounding countryside. Offering both traditional and estate-sized lots, along with well-lit pathways and a communal park, this community fosters a sense of belonging. With stringent building regulations in place and preserved wooded areas, it ensures the conservation of its natural surroundings. Convenient access to public boat launches and the Leelanau trail enhances the outdoor experience. Moreover, the neighborhood boasts underground utilities, natural gas service, and cable/phone amenities. Families can choose between Traverse City Schools and Suttons Bay Schools, providing educational options.
Positioned mere minutes from Traverse City and Suttons Bay, Leelanau Highlands presents beautiful sights of West Bay and the surrounding countryside. Offering both traditional and estate-sized lots, along with well-lit pathways and a communal park, this community fosters a sense of belonging. With stringent building regulations in place and preserved wooded areas, it ensures the conservation of its natural surroundings. Convenient access to public boat launches and the Leelanau trail enhances the outdoor experience. Moreover, the neighborhood boasts underground utilities, natural gas service, and cable/phone amenities. Families can choose between Traverse City Schools and Suttons Bay Schools, providing educational options.
Exceptional Long Lake Township acreage parcel with endless open rolling terrain and gorgeous wooded areas. Situated just Minutes from Downtown Traverse City, lakes trails, golf and so much more makes this the perfect location for a future development or private estate setting. Perspective PUD property surrounded by several existing housing developments or take advantage of up to 15 available land divisions for this parent parcel. Natural gas, electric and cable service are all available at county maintained Herkner Rd. Agricultural zoning in place with property tax exemption options if farming operations continue. Property owners are willing to continue farming operations. One of the last remaining large acreage parcels available in this area offering easy access to everything the Traverse City area has to offer.
Exceptional Long Lake Township acreage parcel with endless open rolling terrain and gorgeous wooded areas. Situated just Minutes from Downtown Traverse City, lakes trails, golf and so much more makes this the perfect location for a future development or private estate setting. Perspective PUD property surrounded by several existing housing developments or take advantage of up to 15 available land divisions for this parent parcel. Natural gas, electric and cable service are all available at county maintained Herkner Rd. Agricultural zoning in place with property tax exemption options if farming operations continue. Property owners are willing to continue farming operations. One of the last remaining large acreage parcels available in this area offering easy access to everything the Traverse City area has to offer.
Nestled on 5 acres with a prime location for your new home that is close to golf, rivers, lakes and trails, and one of the only outside drive Inn Theaters in Michigan 'The Cherry Bowl.' Many parcels to choose from, 5, 7.5 and 10 acres. Purchase a few and develop your personal compound. Corner of Marshall and Eastman
Stunning views of one of the most beautiful blue water lakes in Michigan. This lot is made for your dream home! It's just minutes away from the boat launch, numerous wineries, orchards and all that Traverse City has to offer. It's just a short drive to Sutton's Bay or Sleeping Bear Dunes. It's just beautiful in every direction, but you may want to stay home to enjoy your own incredible sunsets over Lake Leelanau. This is a rare lot that is ready for you to build in one of Leelanau's most desirable neighborhoods.
Stunning views of one of the most beautiful blue water lakes in Michigan. This lot is made for your dream home! It's just minutes away from the boat launch, numerous wineries, orchards and all that Traverse City has to offer. It's just a short drive to Sutton's Bay or Sleeping Bear Dunes. It's just beautiful in every direction, but you may want to stay home to enjoy your own incredible sunsets over Lake Leelanau. This is a rare lot that is ready for you to build in one of Leelanau's most desirable neighborhoods.
This is a very nice level and buildable lot with gravel driveway. Some mature maple and oak trees give the property some character and the subdivision allows manufactured homes to be built. Only an 8 mile drive to the heart of downtown Traverse City. There is a 2 inch well and 1,000 gallon septic tank and drain field onsite.
This is a very nice level and buildable lot with gravel driveway. Some mature maple and oak trees give the property some character and the subdivision allows manufactured homes to be built. Only an 8 mile drive to the heart of downtown Traverse City. There is a 2 inch well and 1,000 gallon septic tank and drain field onsite.
Builders, seize this golden opportunity! Seven fully improved lots are awaiting your next spec house or custom build in the tranquil Terrace Estates""a serene condo development comprising 58 sites. Situated just two miles from local schools and the picturesque Boardman Lake, these vacant lots provide the perfect foundation for crafting a haven of condo living. Immerse yourself in Traverse City's natural splendor by exploring the scenic Boardman Lake Trails, which seamlessly connect you to vibrant amenities like the public library, Medalie and Hull Parks, and delightful neighboring communities. Perched high on a bluff, these seven remaining lots offer walkout potential and come fully equipped with city water, sewer, and utilities, all accessible via paved roads adjacent to the lots. Enjoy the convenience of proximity to shopping, dining, the airport, and all the finest amenities downtown Traverse City has to offer!
Builders, seize this golden opportunity! Seven fully improved lots are awaiting your next spec house or custom build in the tranquil Terrace Estatesa serene condo development comprising 58 sites. Situated just two miles from local schools and the picturesque Boardman Lake, these vacant lots provide the perfect foundation for crafting a haven of condo living. Immerse yourself in Traverse City's natural splendor by exploring the scenic Boardman Lake Trails, which seamlessly connect you to vibrant amenities like the public library, Medalie and Hull Parks, and delightful neighboring communities. Perched high on a bluff, these seven remaining lots offer walkout potential and come fully equipped with city water, sewer, and utilities, all accessible via paved roads adjacent to the lots. Enjoy the convenience of proximity to shopping, dining, the airport, and all the finest amenities downtown Traverse City has to offer!
Affordable East Bay Frontage! Have you dreamed of an easy spot to drop your beach bag and launch your paddle board or kayak for a day on the water? Do you envy those that can grab a cup of coffee and head out to see the sunrise? Shared with just 4 other families, this quarter acre lot with 25 feet of sandy East Bay frontage is your chance to own a piece of coveted Old Mission Peninsula. Bluff road is closed beyond this parcel, so it is like enjoying the quiet of a cul-de-sac. Located near wineries, restaurants, and convenience markets, it is a great launching spot for all your Peninsula fun! A perc test is being updated to see what waste system options are available.
Affordable East Bay Frontage! Have you dreamed of an easy spot to drop your beach bag and launch your paddle board or kayak for a day on the water? Do you envy those that can grab a cup of coffee and head out to see the sunrise? Shared with just 4 other families, this quarter acre lot with 25 feet of sandy East Bay frontage is your chance to own a piece of coveted Old Mission Peninsula. Bluff road is closed beyond this parcel, so it is like enjoying the quiet of a cul-de-sac. Located near wineries, restaurants, and convenience markets, it is a great launching spot for all your Peninsula fun! A perc test is being updated to see what waste system options are available.
Great opportunity to own a large 4+ acre development parcel within the city limits of Traverse City. Zoned C-1 which allows for a variety of uses including commercial, multi family and residential. Land naturally rises to the north allowing for some spectacular bay and city views. Land along M-72 (East Traverse Highway) is relatively flat and can be easily developed for commercial use. City water and sewer located on the road ROW with extremely reasonable fees for developers to access. So may opportunities with this rare large parcel located in the rapidly developing Traverse City market.
Great opportunity to own a large 4+ acre development parcel within the city limits of Traverse City. Zoned C-1 which allows for a variety of uses including commercial, multi family and residential. Land naturally rises to the north allowing for some spectacular bay and city views. Land along M-72 (East Traverse Highway) is relatively flat and can be easily developed for commercial use. City water and sewer located on the road ROW with extremely reasonable fees for developers to access. So may opportunities with this rare large parcel located in the rapidly developing Traverse City market.
44 North. Traverse City's newest neighborhood. Location is best of both worlds, at the base of the Leelanau peninsula yet still within Traverse City with amenities it has to offer. Neighborhood features, city water, city sewer, TART trail, underground utilities, paved roads. Located 1.5 miles from Downtown Traverse City, Munson Hospital, Harbor West Marina and Clinch Park Marina. Spectacular views of Grand Traverse Bay and Power Island. Seller is a Licensed Real Estate Agent in the State of Michigan