Home Values
- - Zillow Home Value Index
  - List price ($)
  - Sale price ($)
  - Rent list price ($)
  - Zillow Rent Index
  - - Total homes sold
    - Value per sq. ft. ($)
    - List price / sq. ft. ($)
    - Sale price / sq. ft. ($)
    - Rent estimate / sq. ft. ($)
    - Rent list / sq. ft. ($)
    - Sale-to-list price ratio
    - Listings w/ price cut (%)
    - Amount of price cut (%)
    - Sold for loss (%)
    - Sold for gain (%)
    - Homes foreclosed
    - Foreclosure re-sales (%)
    - Increasing values (%)
    - Decreasing values (%)
    - Sold in past year (%)
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Traverse City Metro Home Prices and Home Values

Zillow Home Value Index
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Zillow Home Value Index
Mid-point of Zestimate valuations for Traverse City Metro. Half the Zestimates are above this number and half are below it.
Median list price ($)
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Median list price ($)
Mid-point of the list price for homes listed on Zillow in Traverse City Metro, or the asking price.
Median sale price ($)
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Median sale price ($)
Mid-point of the price homes have sold for in Traverse City Metro. Half the homes sold above this number and half sold below.
Zillow Rent Index
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Zillow Rent Index
Mid-point of Rent Zestimates—Zillow's estimated monthly rent price—for homes in Traverse City Metro. Half the Rent Zestimates are above this number and half are below it.
Median rent list price ($)
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Median rent list price ($)
Mid-point of the rental price for homes listed for rent on Zillow in the Traverse City Metro. Half the homes have rent prices above this number and half are below.
Total homes sold
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Total homes sold
Total number of homes sold in Traverse City Metro during the prior 30 days.
Median value per sq. ft. ($)
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Median value per sq. ft. ($)
Mid-point of the value of all homes in Traverse City Metro, per square foot. This is derived by taking the Zestimate for each home and dividing it by the homes square footage (e.g. a 1,000 sq ft home with a Zestimate of $200k has a $200 value/sq foot).
Median list price / sq. ft. ($)
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Median list price / sq. ft. ($)
Mid-point of Traverse City Metros list prices when divided by the square footage of a home (e.g. a 1,000 sq ft home with a list price of $200k has a list price/sq ft of $200).
Median sale price / sq. ft. ($)
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Median sale price / sq. ft. ($)
Mid-point of Traverse City Metros sale prices when divided by the square footage of a home (e.g. a 1,000 sq ft home that sold for $200k has a sale price/sq ft of $200).
Rent estimate / sq. ft. ($)
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Rent estimate / sq. ft. ($)
Mid-point of the estimated monthly rent price of all homes in Traverse City Metro, per square foot. This is derived by taking the Rent Zestimate for each home and dividing it by the homes square footage (e.g. a 1,000 sq ft home with a Rent Zestimate of $2000 per month has a $2 value/sq foot).
Median rent list price / sq. ft. ($)
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Median rent list price / sq. ft. ($)
Mid-point of Traverse City Metros rent when divided by the square footage of a home (e.g. a 1,000 sq ft home with a rent of $1,200 has a rent/sq ft of $12).
Median sale-to-list price ratio
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Median sale-to-list price ratio
Mid-point of the ratio between the sale price and the list price for all homes in Traverse City Metro (e.g. if a home with a list price of $200k sells for $250k, its ratio would be 5:4 or 1.25).
Listings with price cut (%)
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Listings with price cut (%)
The percentage of current listings on Zillow in Traverse City Metro whose price has been reduced in the last 30 days.
Median price cut (%)
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Median price cut (%)
Mid-point of the percentage of price reduction for homes in Traverse City Metro whose prices have been reduced in the past full month.
Sold for loss (%)
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Sold for loss (%)
The percentage of homes in Traverse City Metro that sold for less than the previous purchase price (e.g. a home purchased for $250k and then sold for $225k). This excludes foreclosure transactions.
Sold for gain (%)
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Sold for gain (%)
The percentage of homes sold for more than their previous purchase price (e.g. a home purchased for $225k and then sold for $250k).
Homes foreclosed
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Homes foreclosed
The number of homes in the Traverse City Metro per 10,000 that were foreclosed in a given month. A foreclosure is when a homeowner loses their home to their lending institution or it is sold to a third party at an auction.
Foreclosure re-sales (%)
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Foreclosure re-sales (%)
The percentage of home sales in a given month in Traverse City Metro where the home was foreclosed upon within the previous 12 months (e.g. sales of bank-owned homes after the bank repossessed a home during a foreclosure).
Increasing values (%)
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Increasing values (%)
The percentage of homes in Traverse City Metro whose values have increased in the past year.
Decreasing values (%)
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Decreasing values (%)
The percentage of all homes in Traverse City Metro whose value has fallen in the last year.
Sold in past year (%)
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Sold in past year (%)
The percentage of all homes in Traverse City Metro that were sold in the past 12 months.

$178,000
4.4%Y-o-Y

Calculated 05/15/2013^*
^*Includes data and transactions through 04/30/2013

RegionId	Region	M-o-M	Q-o-Q	Y-o-Y	Apr 2013
395163	Traverse City Metro	2.9%	5.3%	4.4%	178000
10361	Benzonia	-0.3%	8.2%	32.7%	199000
55301	Beulah	6.3%	11.8%	21.2%	218000
10747	Cedar	9.4%	-14.6%	9.4%	128000
38341	Elberta
45161	Empire	40.7%	172%	138%	190000
4712	Fife Lake	7%	15.7%	7.1%	107000
24788	Frankfort	11.7%	0%	-30.8%	200000
398711	Garfield Township	-2.6%	0%	0%	189900
4902	Glen Arbor	-2.6%	-1.3%	-11.8%	375000
52301	Grawn	3.4%	26.1%	0%	150000
167405	Greilickville	-10.2%	-36.9%	-55.1%	148000
45801	Honor	-32.6%	-27%	16.8%	219000
49246	Interlochen	-0.6%	-3.6%	2.8%	149000
30006	Kalkaska	4.4%	4.4%	4.4%	93900
12208	Kingsley	0%	8.5%	7.7%	139900
18906	Lake Ann	15.9%	7.4%	-3.3%	144900
32386	Lake Leelanau	0.3%	0.3%	-24.8%	299900
52928	Leland	1.3%	-2.5%	-13.3%	389900
56203	Maple City	0%	0%	-10.6%	16900
40094	Northport	1.3%	17.1%	32.2%	390000
35847	Rapid City	10%	25.7%	22.8%	219900
47751	South Boardman	8.7%	8.7%	25.1%	107500
27337	Suttons Bay	5.1%	5.1%	-35.9%	189000
41222	Thompsonville	4.7%	4.7%	-6.2%	136000
41271	Traverse City	-2.9%	6.6%	9.3%	218500
7946	Williamsburg	-19.2%	-7.1%	-4.5%	157500

Median list price ($)		Y-o-Y
Traverse City Metro	$178,000	4.4%
Cadillac Metro	$105,000	6.1%
Big Rapids Metro	$129,000	3.3%
Mount Pleasant Metro	$121,000	0.8%
Muskegon Metro	$99,900	11.1%
Midland Metro	$119,900	-0.1%

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Traverse City Metro Home Prices and Home Values

Zillow Home Value Index

Median list price ($)

Median sale price ($)

Zillow Rent Index

Median rent list price ($)

Total homes sold

Median value per sq. ft. ($)

Median list price / sq. ft. ($)

Median sale price / sq. ft. ($)

Rent estimate / sq. ft. ($)

Median rent list price / sq. ft. ($)

Median sale-to-list price ratio

Listings with price cut (%)

Median price cut (%)

Sold for loss (%)

Sold for gain (%)

Homes foreclosed

Foreclosure re-sales (%)

Increasing values (%)

Decreasing values (%)

Sold in past year (%)

This data is not available for Traverse City Metro.

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