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Novi Market Report

$545,126

AVERAGE PRICE OF 116 HOMES

$1,579,212

AVERAGE PRICE OF 9 MULTI-MILLION DOLLAR HOMES

$803,782

AVERAGE PRICE OF 30 NEWLY BUILT HOMES

$426,174

AVERAGE PRICE OF 27 HOMES WITH A POOL

$216,566

AVERAGE PRICE OF 3 REDUCED PRICE HOMES

Average Home

Average Price $545,126
Avg Bedrooms 3.32 beds
Avg Bathrooms 2.28 baths

Average Price by Bedrooms

1 bedroom $312,450
2 bedrooms $372,390
3 bedrooms $455,381
4 bedrooms $638,219
5 bedrooms $1,068,117
Novi Home Price Trends
  10/2022 9/2022 8/2022 7/2022 6/2022
Total Listings 147 150 188 203 n/a
Average Price $571,738 $558,622 $542,437 $533,611 n/a
Avg Price Change +2.35% +2.98% +1.65% n/a n/a
Median Price $490,384 $476,434 $475,378 $485,290 n/a
Med Price Change +2.93% +0.22% -2.09% n/a n/a
Avg Bedrooms 3.38 beds 3.33 beds 3.4 beds 3.4 beds n/a
Avg Bathrooms 2.42 baths 2.46 baths 2.51 baths 2.49 baths n/a
Home Price by House Size
Total Homes Average Price Avg Days on Site
All Homes 116 $545,126 74 days
Multi-Million Dollar Homes 9 $1,579,212 83 days
Newly Built Homes 30 $803,782 158 days
Homes with a Pool 27 $426,174 47 days
Reduced Price Homes 3 $216,566 27 days
Bellabay Realty Tri-Counties
37361 Eight Mile Rd
Livonia, MI 48152
248-274-6614

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