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Novi

Why you'd want to live in Novi

Novi is located about 25 miles northwest of Detroit, Michigan's largest city. Home to Suburban Collection Showplace, the largest privately owned Conference, Convention and Exhibition Center in Michigan, hosting a variety of events year round. Lakes, golf and trails offer a wide variety of recreational opportunities. Maybury State Park contains almost 1,000 acres of gently rolling terrain with an abundance of wildflowers and wildlife. via michigan.org

Novi Market Report

$546,170

AVERAGE PRICE OF 195 HOMES

$1,726,909

AVERAGE PRICE OF 11 MULTI-MILLION DOLLAR HOMES

$727,901

AVERAGE PRICE OF 22 NEWLY BUILT HOMES

$558,801

AVERAGE PRICE OF 51 HOMES WITH A POOL

$605,576

AVERAGE PRICE OF 13 REDUCED PRICE HOMES

Average Home

Average Price $546,170
Avg Bedrooms 3.43 beds
Avg Bathrooms 2.52 baths

Average Price by Bedrooms

2 bedrooms $320,777
3 bedrooms $401,894
4 bedrooms $620,328
5 bedrooms $985,774
Novi Home Price Trends
  7/2022 6/2022 5/2022 4/2022 3/2022
Total Listings 203 n/a n/a n/a 108
Average Price $533,611 n/a n/a n/a $542,505
Avg Price Change n/a n/a n/a n/a +1.60%
Median Price $485,290 n/a n/a n/a $483,113
Med Price Change n/a n/a n/a n/a -1.34%
Avg Bedrooms 3.4 beds n/a n/a n/a 3.1 beds
Avg Bathrooms 2.49 baths n/a n/a n/a 2.4 baths
Home Price by House Size
Total Homes Average Price Avg Days on Site
All Homes 195 $546,170 46 days
Multi-Million Dollar Homes 11 $1,726,909 55 days
Newly Built Homes 22 $727,901 153 days
Homes with a Pool 51 $558,801 34 days
Reduced Price Homes 13 $605,576 31 days
Maxim Properties LLC | The Hall Team
Morris Hall REALTOR®
30665 Northwestern Hwy #110
Farmington Hills, MI 48334
888-317-1671

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