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Today: September 22, 2025
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Traverse City Real Estate Forecast, Traverse City Area Housing Prices and Home Value Trends and Predictions

Is buying a house in Traverse City a good investment? The median home price in Traverse City today: ▼ 421,793 USD (-5.098%)

  • History
  • Forecast
  • Data
  • Q&A

Current Price

$421,793

1 Month Forecast

▲ $447,389

1-Year Forecast *

▲ $479,435

5-Year Forecast *

▲ $571,154

"Is it a good time to buy homes in Traverse City?" "Does investing in real estate in Traverse City (Michigan State, Grand Traverse County) worth it?" According to our live Forecast System, buying a house in Traverse City is a good short-term (1-year) investment*. The Traverse City average house/property forecasts are updated every month with the latest median property prices by smart technical real estate market analysis. Q&A about "Traverse City" projections.
At Walletinvestor.com we predict future home values/prices with real estate market analysis for a wide selection of properties, for example houses in Traverse City in Michigan State, Grand Traverse County. If you are looking for homes for sale with good flipping profit, Traverse City can be a profitable property investment option. The median price of an average house in Traverse City was 421,793 USD on 2025-09-23. Based on our forecasts, a long-term increase is expected, the predicted price of an average home in the "Traverse City" area is 571,154 USD by 2030-09-23. For a 5-year investment the profit is expected to be around +35.41% meaning that investing 100000 USD today may yield a profit of 35,411 USD by 2030.

Current Median Listing Price: 421,793 USD Median Listing Price Per Square Foot: 234 USD

Traverse City Real Estate Forecast Chart, Short-Term Housing Market Forecast for The Upcoming Months and Year

The short-term real estate market forecast is based on the median home listing prices from the last 5 years.

Traverse City (Michigan State) Forecast Chart, Long-Term Predictions for Next Months and Years: 2025-2031

The long-term housing forecast is based on all the available median listing price recorded up to today.

Traverse City Price Target

Traverse City median home price target in 12 months: $479,435* (upside of 13.7%)

14 Years Historical Data

DateOpening priceClosing priceMinimum priceMaximum price
2025 $441,590 $444,452 $441,590 $444,452
2024 $402,517 $421,793 $402,517 $421,793
2023 $376,753 $402,796 $376,597 $403,480
2022 $340,033 $376,448 $340,033 $376,956
2021 $287,338 $336,617 $287,338 $336,617
2020 $259,942 $281,298 $259,804 $281,298
2019 $249,630 $257,957 $249,630 $257,957
2018 $235,201 $248,882 $235,201 $248,882
2017 $217,325 $233,084 $217,325 $233,084
2016 $203,839 $215,067 $203,839 $215,067
2015 $192,162 $201,679 $192,162 $201,679
2014 $177,356 $190,670 $177,356 $190,670
2013 $162,489 $175,827 $162,489 $175,827
2012 $142,980 $161,749 $142,936 $161,749

Questions & Answers about the Traverse City Housing Market Forecast

How much does an average home cost in Traverse City today?

The value of an average home (the listing price) in Traverse City is $421,793 USD.

What is the average price per square foot in Traverse City?

According to Walletinvestor the median price per square foot in Traverse City is 234 USD.

Will the median listing price of homes in Traverse City grow / rise / go up?

Yes. The Traverse City home prices may rise from 421,793 USD to 479,435 USD in one year.

Is it profitable to invest in Traverse City homes?

Yes. The long-term profit potential is +13.67% in one year.

Will Traverse City house prices fall / drop?

No. See above.

What is the predicted price of a Traverse City home in 2030?

The predicted home sales price of a Traverse City home in 2030 in Traverse City is 571,154 USD.

What is the predicted price of a Traverse City home in 2035?

The predicted home sales price of a Traverse City home in 2035 in Traverse City is 733,976 USD.

Will real estate prices decrease in Traverse City?

According to our analysis, it is unlikely to happen.

Short-Term Outlook Based On The Last 12 Months

Traverse City is the 740. largest city in the United States, located in Michigan State.

During the last 12 months the real estate prices in Grand Traverse, Traverse City increased, looking at the past 12 months.

According to Walletinvestor's Traverse City real estate market research, home values will increase in the next 12 months.

Median home values increased by 1.269% to 421,793 USD, between 2024-09-23 and 2025-09-23

The average annual profit of property investment was:

  • 15.236% in 2020
  • 14.636% in 2021
  • 13.186% in 2022
  • 13.766% in 2023
  • 13.386% in 2024
  • 11.706% in 2025

Based on our Traverse City real estate market research and report the predicted sales prices will increase by 259.997% in the next 10 years.

Over the last 12 months, the value of homes in Traverse City fluctuated: increasing 9 times and decreasing 1 times.

Traverse City (Michigan) Housing Market Price Prediction, Forecast for next months and years

Below you will find the price predictions for 2025, 2026, 2027, 2028, 2029, 2030, 2031, 2032, 2033.

Date Average price Minimum price Maximum price
Traverse City Housing Market Forecast with Real Estate Prices for 2025
August 2025 447389 405334 489444
September 2025 450346 408464 492228
October 2025 453322 408443 498201
November 2025 456318 418900 493736
December 2025 459334 414319 504349
Traverse City Housing Market Forecast with Real Estate Prices for 2026
January 2026 462370 422606 502133
February 2026 465425 429122 501729
March 2026 468501 436643 500360
April 2026 471598 427739 515456
May 2026 474715 435313 514116
June 2026 477852 448225 507479
July 2026 479435 451628 507242
August 2026 480558 453166 507949
September 2026 482207 456168 508246
October 2026 484653 438127 531180
November 2026 487857 462000 513713
December 2026 491081 449339 532823
Traverse City Housing Market Forecast with Real Estate Prices for 2027
January 2027 494326 456758 531895
February 2027 497593 453805 541382
March 2027 500882 458808 542956
April 2027 504192 471420 536965
May 2027 507524 479611 535438
June 2027 508392 465178 551605
July 2027 506860 473915 539806
August 2027 506414 460837 551991
September 2027 507108 469582 544634
October 2027 508024 471446 544602
November 2027 508436 459118 557754
December 2027 508225 477224 539227
Traverse City Housing Market Forecast with Real Estate Prices for 2028
January 2028 509602 468324 550880
February 2028 512970 481679 544261
March 2028 516360 465241 567480
April 2028 519773 479231 560315
May 2028 523208 470887 575529
June 2028 526666 475579 577753
July 2028 529963 496045 563880
August 2028 531964 482492 581437
September 2028 532471 493068 571874
October 2028 531569 487449 575690
November 2028 531201 483924 578478
December 2028 532704 499143 566264
Traverse City Housing Market Forecast with Real Estate Prices for 2029
January 2029 536224 485819 586629
February 2029 539768 504683 574853
March 2029 542424 499572 585275
April 2029 543384 489589 597179
May 2029 544631 498882 590380
June 2029 546389 514152 578626
July 2029 549398 514237 584559
August 2029 552576 498423 606728
September 2029 554950 524428 585472
October 2029 556373 515201 597544
November 2029 560050 505725 614374
December 2029 560103 517535 602671
Traverse City Housing Market Forecast with Real Estate Prices for 2030
January 2030 560064 515819 604309
February 2030 560410 508292 612528
March 2030 561405 512002 610809
April 2030 562542 525414 599670
May 2030 563679 535495 591863
June 2030 567404 525984 608825
July 2030 571154 515181 627127
August 2030 574929 539283 610574
September 2030 578728 527800 629657
October 2030 582553 526046 639061
November 2030 586403 537146 635661
December 2030 590279 556043 624515
Traverse City Housing Market Forecast with Real Estate Prices for 2031
January 2031 594180 535356 653004
February 2031 598107 546670 649544
March 2031 602060 542456 661664
April 2031 606039 554526 657552
May 2031 608047 567916 648178
June 2031 609470 554618 664323
July 2031 611563 566919 656207
August 2031 614665 569180 660150
September 2031 618727 567992 669463
October 2031 622817 568631 677002
November 2031 626933 586182 667683
December 2031 631076 595736 666416
Traverse City Housing Market Forecast with Real Estate Prices for 2032
January 2032 635247 574263 696231
February 2032 639445 585732 693159
March 2032 643671 610844 676499
April 2032 644771 581583 707959
May 2032 642829 588832 696827
June 2032 642263 584459 700067
July 2032 643143 582045 704242
August 2032 644305 608868 679742
September 2032 644827 590017 699637
October 2032 644560 585261 703860
November 2032 646306 603650 688962
December 2032 650578 605037 696118
Traverse City Housing Market Forecast with Real Estate Prices for 2033
January 2033 654877 598558 711197
February 2033 659205 595922 722489
March 2033 663562 617113 710011
April 2033 667948 615180 720715
May 2033 672129 632473 711784
June 2033 674668 621369 727966
July 2033 675310 637493 713127

> Page 2: detailed data / price table <

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* Our real estate forecasts and predictions are made by Machine Learning & AI, and shouldn't been used for financial decisions. We can't guarantee any profit.