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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

$539,274

AVERAGE PRICE OF 120 HOMES

$505,931

AVERAGE PRICE OF 112 DISTRESSED HOMES

$1,765,070

AVERAGE PRICE OF 10 MULTI-MILLION DOLLAR HOMES

$925,582

AVERAGE PRICE OF 23 NEWLY BUILT HOMES

$682,366

AVERAGE PRICE OF 15 HOMES WITH A POOL

$403,051

AVERAGE PRICE OF 7 REDUCED PRICE HOMES

Average Home

Average Price $539,274
Avg Bedrooms 2.78 beds
Avg Bathrooms 2.71 baths

Average Price by Bedrooms

1 bedroom $169,900
2 bedrooms $366,924
3 bedrooms $434,673
4 bedrooms $843,504
5 bedrooms $798,000
Novi Home Price Trends
  2/2026 1/2026 12/2025 11/2025 10/2025
Total Listings 110 103 130 149 145
Average Price $498,455 $495,462 $523,292 $545,695 $572,194
Avg Price Change +0.60% -5.62% -4.28% -4.86% -2.83%
Median Price $399,971 $434,532 $451,577 $475,525 $498,674
Med Price Change -8.64% -3.92% -5.30% -4.87% -0.67%
Avg Bedrooms 2.73 beds 2.81 beds 2.86 beds 2.97 beds 3.06 beds
Avg Bathrooms 2.63 baths 2.69 baths 2.7 baths 2.85 baths 2.93 baths
Total Homes Average Price Avg Days on Site
All Homes 120 $539,274 76 days
Distressed Homes 112 $505,931 77 days
Multi-Million Dollar Homes 10 $1,765,070 127 days
Newly Built Homes 23 $925,582 96 days
Homes with a Pool 15 $682,366 53 days
Reduced Price Homes 7 $403,051 57 days
Bellabay Realty Tri-Counties
37361 Eight Mile Rd
Livonia, MI 48152
248-274-6614

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