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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

$592,181

AVERAGE PRICE OF 94 HOMES

$1,698,767

AVERAGE PRICE OF 9 MULTI-MILLION DOLLAR HOMES

$806,000

AVERAGE PRICE OF 27 NEWLY BUILT HOMES

$536,823

AVERAGE PRICE OF 26 HOMES WITH A POOL

$697,651

AVERAGE PRICE OF 8 REDUCED PRICE HOMES

Average Home

Average Price $592,181
Avg Bedrooms 3.18 beds
Avg Bathrooms 2.33 baths

Average Price by Bedrooms

1 bedroom $139,900
2 bedrooms $338,247
3 bedrooms $511,356
4 bedrooms $766,343
5 bedrooms $1,236,800
Novi Home Price Trends
  2/2023 1/2023 12/2022 11/2022 10/2022
Total Listings 90 92 105 121 147
Average Price $561,423 $569,153 $550,009 $557,871 $571,738
Avg Price Change -1.38% +3.48% -1.43% -2.49% +2.35%
Median Price $458,339 $466,297 $450,236 $475,859 $490,384
Med Price Change -1.74% +3.57% -5.69% -3.05% +2.93%
Avg Bedrooms 3.13 beds 3.24 beds 3.29 beds 3.36 beds 3.38 beds
Avg Bathrooms 2.24 baths 2.27 baths 2.26 baths 2.35 baths 2.42 baths
Home Price by House Size
Total Homes Average Price Avg Days on Site
All Homes 94 $592,181 90 days
Multi-Million Dollar Homes 9 $1,698,767 139 days
Newly Built Homes 27 $806,000 227 days
Homes with a Pool 26 $536,823 35 days
Reduced Price Homes 8 $697,651 170 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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