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Housing in Little Traverse Township

20 homes sold in Little Traverse Township in the last year, at a typical $707K

Redfin reports Little Traverse Township’s sales by ZIP code, so these figures are for ZIP 49740, which takes in Little Traverse Township and the area around it. Almost every sale is a house. Below: what each kind of home sells for and a shortcut to every site where Little Traverse Township homes are listed.

Homes for sale in Little Traverse TownshipZillowRealtor.comMore places to look ↓
Homes sold
20
ZIP 49740 · October 2025 to September 2026
Typical sale price
$707K
median, weighted by sales
Price per square foot
$334
Michigan $168
Paid vs. asking
96.3%
5% sold over asking
For sale now
12
September 2026 · 4 sold that month
What sold · last 12 months · ZIP 49740

Houses are 0% of Little Traverse Township’s sales, at a typical — (year to May 2026)

20 homes sold in the year to September 2026.

14 years of sales

More homes sell than most years, at 2.9 times the 2016 price

20 sales in the last year, against 25 in 2019 and a low of 0 in 2012. The typical sale went from $241K in 2016 to $707K.

Homes soldTypical sale price
012253750$300K$500K$700K$900K2012: 0 sold, typical —’122013: 5 sold, typical $236K2014: 5 sold, typical $181K’142015: 8 sold, typical $286K2016: 10 sold, typical $241K’162017: 17 sold, typical $230K2018: 12 sold, typical $245K’182019: 25 sold, typical $254K2020: 12 sold, typical $277K’202021: 17 sold, typical $569K2022: 16 sold, typical $556K’222023: 17 sold, typical $532K2024: 13 sold, typical $834K’242025: 14 sold, typical $730KLast 12 months: 20 sold, typical $707KNow

Source: Redfin Data Center, MLS sales; for ZIP 49740, which takes in Little Traverse Township and the area around it (each month is a 3-month rolling window, its counts divided by 3). Typical price and $/sq ft are the monthly medians, weighted by sales. Redfin stopped publishing towns’ figures by property type after May 2026, so houses and condos are shown for the year to then.

Rent or buy?

Owning the typical Little Traverse Township home costs about $4,106 a month

Mortgage
Property tax
Insurance
Rent

Price: Little Traverse Township’s typical sale, last 12 months. Property tax at Little Traverse Township’s 0.7% (median bill ÷ median value, Census ACS); insurance at 0.35% of price a year. Before PMI, HOA dues, upkeep and the tax deduction. Whether Little Traverse Township is affordable on local pay is on Cost of living.

Before you buy in Little Traverse Township

Five things worth knowing

0.7%

Property tax, a year

Of a home’s value: the median bill over the median home value. On a $707K home, about $5,000 a year.

Taxes vs. neighbors
A−

Schools

The schools grade for Little Traverse Township, from test results, graduation and how much students grow.

Schools in Little Traverse Township
18 min

Typical commute

The average one-way trip to work for people who live in Little Traverse Township.

Work & commute
Flood

Check the flood map

Flood insurance isn’t in a standard policy, and lenders require it in FEMA flood zones. Check the address before you make an offer.

Natural hazards
Records

Look up any property

Assessed value, lot size and every past sale of a home you’re eyeing are public, at the town or county assessor and the registry of deeds.

Selling, or renting out?

Post your home to Little Traverse Township, free

Selling it yourself, renting out an apartment or looking for a roommate? Post it to Little Traverse Township. People who follow the town see it, and so do people comparing Little Traverse Township with their own town. No commission, no listing fee.

Questions about buying a home in Little Traverse Township

What do homes sell for in Little Traverse Township, MI?

20 homes sold in the year to September 2026 at a typical $707K, $334 a square foot.

Is Little Traverse Township a buyer’s or seller’s market?

A seller’s market: 12 homes were for sale in September 2026 and 4 sold, about 2.6 months of supply. Buyers paid 96.3% of asking on average.

How much are property taxes in Little Traverse Township?

About 0.7% of a home’s value a year. On a $707K home that’s near $5,000.

Where can I see homes for sale in Little Traverse Township?

Zillow, Redfin, Realtor.com and Homes.com all carry Little Traverse Township’s MLS listings; the search links above open each one filtered to Little Traverse Township.

Sales, prices, days on market and listings: Redfin Data Center (MLS, monthly, not seasonally adjusted; for ZIP 49740, which takes in Little Traverse Township and the area around it (each month is a 3-month rolling window, its counts divided by 3)). Property tax rate: Census American Community Survey. Two-bedroom rent: HUD Fair Market Rent. Typical home value: Zillow Home Value Index. Schools grade: TownRatings (how grades work).