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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

$653,817

AVERAGE PRICE OF 158 HOMES

$622,330

AVERAGE PRICE OF 129 DISTRESSED HOMES

$2,042,074

AVERAGE PRICE OF 17 MULTI-MILLION DOLLAR HOMES

$1,161,259

AVERAGE PRICE OF 25 NEWLY BUILT HOMES

$593,079

AVERAGE PRICE OF 30 HOMES WITH A POOL

$409,919

AVERAGE PRICE OF 10 REDUCED PRICE HOMES

Average Home

Average Price $653,817
Avg Bedrooms 3.26 beds
Avg Bathrooms 3.03 baths

Average Price by Bedrooms

1 bedroom $225,000
2 bedrooms $361,905
3 bedrooms $409,702
4 bedrooms $766,080
5 bedrooms $1,215,411
Novi Home Price Trends
  8/2024 7/2024 6/2024 5/2024 4/2024
Total Listings 164 171 151 153 n/a
Average Price $712,856 $749,300 $718,325 $686,014 n/a
Avg Price Change -5.11% +4.31% +4.71% n/a n/a
Median Price $556,308 $595,999 $591,487 $559,900 n/a
Med Price Change -7.13% +0.76% +5.64% n/a n/a
Avg Bedrooms 3.31 beds 3.36 beds 3.22 beds 3.2 beds n/a
Avg Bathrooms 3.16 baths 3.32 baths 3.13 baths 3.03 baths n/a
Home Price by House Size
Total Homes Average Price Avg Days on Site
All Homes 158 $653,817 50 days
Distressed Homes 129 $622,330 45 days
Multi-Million Dollar Homes 17 $2,042,074 91 days
Newly Built Homes 25 $1,161,259 115 days
Homes with a Pool 30 $593,079 41 days
Reduced Price Homes 10 $409,919 24 days
Bellabay Realty Tri-Counties
37361 Eight Mile Rd
Livonia, MI 48152
248-274-6614

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