Comprehensive market data and analysis• Updated Dec 2025
12.8 months of supply
High inventory favors buyers with more choices and negotiating power.
| Acreage | 30D | 3M | 6M | 12M |
|---|---|---|---|---|
| 0-1 acres | 3 | 10 | 34 | 73 |
| 1-2 acres | 1 | 11 | 20 | 40 |
| 2-5 acres | 2 | 3 | 5 | 14 |
| 5-10 acres | 1 | 2 | 6 | 10 |
| 10-20 acres | - | 2 | 3 | 10 |
| 20-50 acres | - | 2 | 2 | 5 |
| 50-100 acres | - | - | - | 1 |
| 100+ acres | - | - | - | 1 |
| TOTAL | 7 | 30 | 70 | 154 |
Acreage buckets
The median price for land in Traverse City, Michigan is currently $87K per acre. For a typical parcel, the median sale price is $80K. Market volatility is currently high, meaning prices can vary significantly based on location and access. Recently, the cheapest land sold for $33K while premium lots reached $390K.
Traverse City, Michigan is currently a strong buyer's market with 12.8 months of supply. Buyers have more negotiating power and can take time to find the right property. Prices have decreased 39.8% year-over-year.
Traverse City, Michigan currently has 12.8 months of inventory supply. This indicates a strong buyer's market. This balanced supply gives both buyers and sellers fair opportunities.
There are currently 128 active listings in Traverse City, Michigan. 29 new listings have hit the market in the last 90 days. The median asking price is $210K.
Land in Traverse City, Michigan averages $333K per acre. The median price per acre is $87K, which may be more representative of typical transactions. Most parcels sold are around 1.0 acres.
Land in Traverse City, Michigan typically sells within 321 days of listing. The median time on market is 123 days. Properties are moving slowly in the current strong buyer's market.
The current absorption rate in Traverse City, Michigan is 7.8% (3-month basis), indicating slow demand. With depreciating values (-39.8% YoY), buyers may find value opportunities. The top-performing broker in this market is Emerald Standard Realty Company.
Market statistics are compiled from multiple sources including LandyDandy listings, Zillow.com, Realtor.com, Redfin.com, county records, and MLS data. While we strive for accuracy, these figures are estimates and may not reflect 100% of market activity. Data is updated regularly but some transactions may have reporting delays. For the most accurate assessment of a specific property, we recommend consulting with a local real estate professional.
