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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

$589,579

AVERAGE PRICE OF 118 HOMES

$605,449

AVERAGE PRICE OF 109 DISTRESSED HOMES

$1,995,761

AVERAGE PRICE OF 11 MULTI-MILLION DOLLAR HOMES

$780,780

AVERAGE PRICE OF 28 NEWLY BUILT HOMES

$384,907

AVERAGE PRICE OF 13 HOMES WITH A POOL

$397,747

AVERAGE PRICE OF 4 REDUCED PRICE HOMES

Average Home

Average Price $589,579
Avg Bedrooms 2.99 beds
Avg Bathrooms 2.99 baths

Average Price by Bedrooms

2 bedrooms $336,568
3 bedrooms $414,276
4 bedrooms $711,365
5 bedrooms $991,628
Novi Home Price Trends
  1/2025 12/2024 11/2024 10/2024 9/2024
Total Listings 124 136 141 168 163
Average Price $602,922 $582,777 $567,806 $624,423 $654,197
Avg Price Change +3.46% +2.64% -9.97% -4.77% -8.97%
Median Price $482,218 $495,992 $487,666 $497,432 $492,881
Med Price Change -2.86% +1.71% -2.00% +0.92% -12.87%
Avg Bedrooms 3.03 beds 3 beds 3.01 beds 3.13 beds 3.2 beds
Avg Bathrooms 3.02 baths 2.98 baths 2.91 baths 3.03 baths 3.03 baths
Home Price by House Size
Total Homes Average Price Avg Days on Site
All Homes 118 $589,579 73 days
Distressed Homes 109 $605,449 74 days
Multi-Million Dollar Homes 11 $1,995,761 102 days
Newly Built Homes 28 $780,780 115 days
Homes with a Pool 13 $384,907 33 days
Reduced Price Homes 4 $397,747 82 days
Bellabay Realty Tri-Counties
37361 Eight Mile Rd
Livonia, MI 48152
248-274-6614

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