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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

$611,706

AVERAGE PRICE OF 282 HOMES

$615,769

AVERAGE PRICE OF 254 DISTRESSED HOMES

$1,807,537

AVERAGE PRICE OF 24 MULTI-MILLION DOLLAR HOMES

$833,199

AVERAGE PRICE OF 35 NEWLY BUILT HOMES

$587,672

AVERAGE PRICE OF 33 HOMES WITH A POOL

$502,959

AVERAGE PRICE OF 10 REDUCED PRICE HOMES

Average Home

Average Price $611,706
Avg Bedrooms 3.2 beds
Avg Bathrooms 3.05 baths

Average Price by Bedrooms

2 bedrooms $366,154
3 bedrooms $446,957
4 bedrooms $741,023
5 bedrooms $1,077,400
Novi Home Price Trends
  6/2025 5/2025 4/2025 3/2025 2/2025
Total Listings 227 175 136 119 116
Average Price $642,000 $609,308 $585,921 $621,302 $602,975
Avg Price Change +5.37% +3.99% -6.04% +3.04% +0.01%
Median Price $525,712 $513,756 $499,833 $498,578 $473,249
Med Price Change +2.33% +2.79% +0.25% +5.35% -1.90%
Avg Bedrooms 3.22 beds 3.11 beds 2.97 beds 3 beds 3 beds
Avg Bathrooms 3.13 baths 3.04 baths 2.94 baths 3.02 baths 3.02 baths
Total Homes Average Price Avg Days on Site
All Homes 282 $611,706 56 days
Distressed Homes 254 $615,769 55 days
Multi-Million Dollar Homes 24 $1,807,537 64 days
Newly Built Homes 35 $833,199 105 days
Homes with a Pool 33 $587,672 45 days
Reduced Price Homes 10 $502,959 31 days
Bellabay Realty Tri-Counties
37361 Eight Mile Rd
Livonia, MI 48152
248-274-6614

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