Traverse City, MI 49686

Flip Market Report

Successfully flipping a house depends on a number of different factors including population growth, increasing housing prices and cheap houses for sale. We are analyzing thousands of data points for Traverse City, MI. If these factors exist, there is a good chance that a successful flip is possible.

By looking at recent sales data in Grand Traverse County, we've been able to rank it against its peer counties within Michigan. To provide an even fuller picture, we also ranked Michigan against all other US states.

Region Rank in # of Flips Rank in Flip Profit
Michigan #12th in US
#37th in US
Grand Traverse County #51st in MI
#28th in MI

Number of Flips: We identify house flips as houses that are bought and sold within 12 months excluding forclosures, REOs and multi-parcel sales.

Flip Profit: The profit is the gross margin calculated by subtracting the original purchase price from the new resale price.

49686 Historical Monthly Listing Prices

Latest Median Sale Price

$ 265,000

0.09% YoY Change
Grand Traverse Historical Monthly Home Sales

Latest Monthly Sales Count

119

List Price /sqft

$214

0.02% from last quarter

Reduced Listings /Month

12

-0.63% from last quarter

Avg. Days on Market

109

0.17% from last year

Average Home Sqft

$2,008

0.09% from last year

Population Rank

In order to successfully flip houses, you need the population of the area to be trending northward, which appears to be the case with Grand Traverse County. This is a good sign that flipping a house here will be successful.

Region Population Change YoY Rank
Michigan 9,995,915 0.2% #10th in US
Grand Traverse County 92,573 0.85% #22nd in MI
49686 32,056 #71st in MI
Home Searches

FlipMarket is the industry standard for providing you the exact data needed to see if flipping a house will be successful. To find properties for sale that may fit your budget and be house flipping candidates, check this list of popular searches.

Array
(
    [zip_id] => 18617
    [country] => USA
    [zip] => 49686
    [city] => Traverse City
    [state] => Michigan
    [state_abbr] => MI
    [county] => Grand Traverse
    [dma] => 540
    [latitude] => 44.8098
    [longitude] => -85.4842
    [timezone] => -5
    [timezone_dst] => 1
    [dttm] => 2019-09-30
    [postal_code] => 49686
    [zip_name] => traverse city, mi
    [flag] => *
    [median_listing_price] => 367500
    [median_listing_price_mm] => 0.0351
    [median_listing_price_yy] => 0.1558
    [active_listing_count] => 136
    [active_listing_count_mm] => -0.1447
    [active_listing_count_yy] => 
    [median_days_on_market] => 108.5
    [median_days_on_market_mm] => 0.3072
    [median_days_on_market_yy] => 0.1667
    [new_listing_count] => 24
    [new_listing_count_mm] => -0.1429
    [new_listing_count_yy] => -0.3333
    [price_increased_count] => 0
    [price_increased_count_mm] => 
    [price_increased_count_yy] => 
    [price_reduced_count] => 12
    [price_reduced_count_mm] => -0.625
    [price_reduced_count_yy] => -0.625
    [pending_listing_count] => 55
    [pending_listing_count_mm] => -0.0984
    [pending_listing_count_yy] => 54
    [median_listing_price_per_square_feet] => 214
    [median_listing_price_per_square_feet_mm] => 0.0232
    [median_listing_price_per_square_feet_yy] => 0.088
    [median_square_feet] => 2008
    [median_square_feet_mm] => 0.0144
    [median_square_feet_yy] => 0.0863
    [average_listing_price] => 627786
    [average_listing_price_mm] => 0.0183
    [average_listing_price_yy] => 0.1455
    [total_listing_count] => 191
    [total_listing_count_mm] => -0.1318
    [total_listing_count_yy] => 0.4044
    [pending_ratio_mm] => 0.0208
    [pending_ratio_yy] => 0.3996
    [RegionID] => 79871
    [RegionName] => 49686
    [State] => MI
    [Metro] => Traverse City
    [County] => Grand Traverse County
    [City] => Traverse City
    [SizeRank] => 336
    [Zhvi] => 245400
    [MoM] => 0.0153082
    [QoQ] => 0.0420382
    [YoY] => 0.0926091
    [5Year] => 0.082101
    [10Year] => 0.0576541
    [PeakMonth] => 2019-09
    [PeakQuarter] => 2019-Q3
    [PeakZHVI] => 245400
    [PctFallFromPeak] => 0
    [LastTimeAtCurrZHVI] => 2019-09
    [flips] => 8216
    [purchase_price] => 77923
    [resale_price] => 131140
    [gross_margin] => 53217
    [flipcount_rank] => 12
    [flipmargin_rank] => 37
    [counties] => 83
    [zip_population] => 32056
    [zip_rank] => 71
    [state_population] => 9995915
    [state_rank] => 10
    [state_difference] => 0.195139
    [list_prices] => "209250,199900,215000,218900,224900,222000,220900,219000,199900,199900,209450,199900,199900,199900,199900,201950,209000,215460,209950,219900,209900,219900,215000,199900,199900,199900,199900,199900,199900,199900,220000,225000,225000,232400,229000,210000,199000,199900,229000,214900,239900,239900,249999,259900,259900,259900,254000,249900,234900,229900,225000,250950,254500,279000,276750,269900,289700,289000,299900,293750,289000,299000,289875,299900,320000,324900,299900,299000,296500,294750,299900,299500,295000,296150,304950,312000,3.00E+05,309900,320000,321500,319500,324950,349000,375000,387000,389000,382000,339000,345000,340000,349450,330000,339500,322400,319900,324900,319900,334000,349000,319950,341000,315000,294000,284750,294000,288900,288900,288900,283500,283500,284500,335000,306317.5,295000,297500,309950,319900,294500,275000,265000"
    [list_prices_exploded] => Array
        (
            [0] => 209250
            [1] => 199900
            [2] => 215000
            [3] => 218900
            [4] => 224900
            [5] => 222000
            [6] => 220900
            [7] => 219000
            [8] => 199900
            [9] => 199900
            [10] => 209450
            [11] => 199900
            [12] => 199900
            [13] => 199900
            [14] => 199900
            [15] => 201950
            [16] => 209000
            [17] => 215460
            [18] => 209950
            [19] => 219900
            [20] => 209900
            [21] => 219900
            [22] => 215000
            [23] => 199900
            [24] => 199900
            [25] => 199900
            [26] => 199900
            [27] => 199900
            [28] => 199900
            [29] => 199900
            [30] => 220000
            [31] => 225000
            [32] => 225000
            [33] => 232400
            [34] => 229000
            [35] => 210000
            [36] => 199000
            [37] => 199900
            [38] => 229000
            [39] => 214900
            [40] => 239900
            [41] => 239900
            [42] => 249999
            [43] => 259900
            [44] => 259900
            [45] => 259900
            [46] => 254000
            [47] => 249900
            [48] => 234900
            [49] => 229900
            [50] => 225000
            [51] => 250950
            [52] => 254500
            [53] => 279000
            [54] => 276750
            [55] => 269900
            [56] => 289700
            [57] => 289000
            [58] => 299900
            [59] => 293750
            [60] => 289000
            [61] => 299000
            [62] => 289875
            [63] => 299900
            [64] => 320000
            [65] => 324900
            [66] => 299900
            [67] => 299000
            [68] => 296500
            [69] => 294750
            [70] => 299900
            [71] => 299500
            [72] => 295000
            [73] => 296150
            [74] => 304950
            [75] => 312000
            [76] => 3.00E+05
            [77] => 309900
            [78] => 320000
            [79] => 321500
            [80] => 319500
            [81] => 324950
            [82] => 349000
            [83] => 375000
            [84] => 387000
            [85] => 389000
            [86] => 382000
            [87] => 339000
            [88] => 345000
            [89] => 340000
            [90] => 349450
            [91] => 330000
            [92] => 339500
            [93] => 322400
            [94] => 319900
            [95] => 324900
            [96] => 319900
            [97] => 334000
            [98] => 349000
            [99] => 319950
            [100] => 341000
            [101] => 315000
            [102] => 294000
            [103] => 284750
            [104] => 294000
            [105] => 288900
            [106] => 288900
            [107] => 288900
            [108] => 283500
            [109] => 283500
            [110] => 284500
            [111] => 335000
            [112] => 306317.5
            [113] => 295000
            [114] => 297500
            [115] => 309950
            [116] => 319900
            [117] => 294500
            [118] => 275000
            [119] => 265000
        )

)
Array
(
    [county_name] => Grand Traverse
    [state] => Michigan
    [state_fips] => 26
    [county_fips] => 26055
    [dma] => 540
    [metro_name] => Garfield Township, MI
    [cbsa_name] => Traverse City, MI
    [county_region_id_zillow] => 3240
    [metro_region_id_zillow] => 395163
    [fips] => 26055
    [cbsa_code] => 45900
    [population_prior] => 91796
    [population] => 92573
    [rank] => 22
    [difference] => 0.846442111
    [region_id] => 3240
    [sale_counts] => "87,90,83,80,76,73,68,67,59,58,56,59,65,72,76,75,73,74,73,76,80,82,79,88,91,105,97,96,74,67,66,68,69,73,82,86,94,94,90,82,76,82,78,78,75,77,78,97,109,126,112,111,98,105,101,117,112,106,114,133,153,155,162,158,150,138,139,140,138,150,161,164,148,132,121,119,117,120,121,121,111,110,117,129,131,134,133,136,133,126,125,117,118,116,126,140,144,137,138,136,134,128,126,121,116,127,139,145,142,133,129,127,124,123,116,122,121,127,131,136,129,127,122,121,121,133,134,136,125,116,111,117,131,136,136,133,139,143,139,129,119,119"
    [county] => Grand Traverse
    [flips] => 2
    [purchase_price] => 385000
    [resale_price] => 431200
    [gross_margin] => 46200
    [flipcount_rank] => 51
    [flipmargin_rank] => 28
    [sale_counts_exploded] => Array
        (
            [0] => 87
            [1] => 90
            [2] => 83
            [3] => 80
            [4] => 76
            [5] => 73
            [6] => 68
            [7] => 67
            [8] => 59
            [9] => 58
            [10] => 56
            [11] => 59
            [12] => 65
            [13] => 72
            [14] => 76
            [15] => 75
            [16] => 73
            [17] => 74
            [18] => 73
            [19] => 76
            [20] => 80
            [21] => 82
            [22] => 79
            [23] => 88
            [24] => 91
            [25] => 105
            [26] => 97
            [27] => 96
            [28] => 74
            [29] => 67
            [30] => 66
            [31] => 68
            [32] => 69
            [33] => 73
            [34] => 82
            [35] => 86
            [36] => 94
            [37] => 94
            [38] => 90
            [39] => 82
            [40] => 76
            [41] => 82
            [42] => 78
            [43] => 78
            [44] => 75
            [45] => 77
            [46] => 78
            [47] => 97
            [48] => 109
            [49] => 126
            [50] => 112
            [51] => 111
            [52] => 98
            [53] => 105
            [54] => 101
            [55] => 117
            [56] => 112
            [57] => 106
            [58] => 114
            [59] => 133
            [60] => 153
            [61] => 155
            [62] => 162
            [63] => 158
            [64] => 150
            [65] => 138
            [66] => 139
            [67] => 140
            [68] => 138
            [69] => 150
            [70] => 161
            [71] => 164
            [72] => 148
            [73] => 132
            [74] => 121
            [75] => 119
            [76] => 117
            [77] => 120
            [78] => 121
            [79] => 121
            [80] => 111
            [81] => 110
            [82] => 117
            [83] => 129
            [84] => 131
            [85] => 134
            [86] => 133
            [87] => 136
            [88] => 133
            [89] => 126
            [90] => 125
            [91] => 117
            [92] => 118
            [93] => 116
            [94] => 126
            [95] => 140
            [96] => 144
            [97] => 137
            [98] => 138
            [99] => 136
            [100] => 134
            [101] => 128
            [102] => 126
            [103] => 121
            [104] => 116
            [105] => 127
            [106] => 139
            [107] => 145
            [108] => 142
            [109] => 133
            [110] => 129
            [111] => 127
            [112] => 124
            [113] => 123
            [114] => 116
            [115] => 122
            [116] => 121
            [117] => 127
            [118] => 131
            [119] => 136
            [120] => 129
            [121] => 127
            [122] => 122
            [123] => 121
            [124] => 121
            [125] => 133
            [126] => 134
            [127] => 136
            [128] => 125
            [129] => 116
            [130] => 111
            [131] => 117
            [132] => 131
            [133] => 136
            [134] => 136
            [135] => 133
            [136] => 139
            [137] => 143
            [138] => 139
            [139] => 129
            [140] => 119
            [141] => 119
        )

)

Flip Market uses data engineering + AI to help businesses and individuals successfully flip homes.

© 2024 Flip Market  •  Our Methodology  •  Contact  •  Privacy Policy