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Novi

Why you'd want to live in Novi

Novi was incorporated as a city in 1969. It annexed sections of the Novi Township during the 1970s, which led to a lengthy legal battle in which the final judgment was given in favor of the city of Novi. Another significant development in 1970s was the building of the Twelve Oaks Mall, which paved the way for the rapid development of the area. Novi and nearby Attractions: Motorsports Hall of Fame Proud Lake State Recreation Area Highland Recreation Area Walled Lake Farmington Country Club Bob-O-Link Golf Club

Novi Market Report

$608,601

AVERAGE PRICE OF 122 HOMES

$1,638,280

AVERAGE PRICE OF 10 MULTI-MILLION DOLLAR HOMES

$770,140

AVERAGE PRICE OF 28 NEWLY BUILT HOMES

$517,253

AVERAGE PRICE OF 30 HOMES WITH A POOL

$712,500

AVERAGE PRICE OF 2 REDUCED PRICE HOMES

Average Home

Average Price $608,601
Avg Bedrooms 3.39 beds
Avg Bathrooms 2.52 baths

Average Price by Bedrooms

1 bedroom $167,400
2 bedrooms $441,415
3 bedrooms $479,427
4 bedrooms $677,355
5 bedrooms $1,169,700
Novi Home Price Trends
  5/2023 4/2023 3/2023 2/2023 1/2023
Total Listings 107 104 87 90 92
Average Price $612,414 $576,491 $577,822 $561,423 $569,153
Avg Price Change +6.23% -0.23% +2.92% -1.38% +3.48%
Median Price $504,845 $484,315 $471,762 $458,339 $466,297
Med Price Change +4.24% +2.66% +2.93% -1.74% +3.57%
Avg Bedrooms 3.36 beds 3.25 beds 3.14 beds 3.13 beds 3.24 beds
Avg Bathrooms 2.48 baths 2.38 baths 2.28 baths 2.24 baths 2.27 baths
Home Price by House Size
Total Homes Average Price Avg Days on Site
All Homes 122 $608,601 79 days
Multi-Million Dollar Homes 10 $1,638,280 130 days
Newly Built Homes 28 $770,140 246 days
Homes with a Pool 30 $517,253 37 days
Reduced Price Homes 2 $712,500 8 days
Bellabay Realty Tri-Counties
37361 Eight Mile Rd
Livonia, MI 48152
248-274-6614

Fair Housing/Equal Opportunity
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