If you need assistance, please call 248-522-3180

Novi Market Report

$616,618

AVERAGE PRICE OF 116 HOMES

$1,920,818

AVERAGE PRICE OF 11 MULTI-MILLION DOLLAR HOMES

$889,497

AVERAGE PRICE OF 22 NEWLY BUILT HOMES

$611,633

AVERAGE PRICE OF 3 REDUCED PRICE HOMES

Average Home

Average Price $616,618
Avg Bedrooms 2.68 beds
Avg Bathrooms 2.59 baths

Average Price by Bedrooms

2 bedrooms $482,272
3 bedrooms $508,513
4 bedrooms $729,426
5 bedrooms $688,800
Novi Home Price Trends
  6/2024 5/2024 4/2024 3/2024 2/2024
Total Listings 251 245 82 56 15
Average Price $647,443 $630,213 $519,036 $495,805 $387,423
Avg Price Change +2.73% +21.42% +4.69% +27.98% -4.84%
Median Price $544,306 $519,110 $426,572 $391,632 $314,029
Med Price Change +4.85% +21.69% +8.92% +24.71% -12.66%
Avg Bedrooms 2.89 beds 2.84 beds 2.33 beds 2.2 beds 2.6 beds
Avg Bathrooms 2.74 baths 2.66 baths 2.22 baths 2.23 baths 2.19 baths
Home Price by High School
School Name Total Homes Average Price Avg Days on Site
Novi High School 3 $353,266 33 days
Home Price by House Size
Total Homes Average Price Avg Days on Site
All Homes 116 $616,618 52 days
Multi-Million Dollar Homes 11 $1,920,818 45 days
Newly Built Homes 22 $889,497 94 days
Reduced Price Homes 3 $611,633 19 days
Maxim Properties LLC | The Hall Team
Morris Hall Realtor®
30665 Northwestern Hwy #110
Farmington Hills, MI 48334
248-522-3180

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