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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

$525,792

AVERAGE PRICE OF 181 HOMES

$1,426,857

AVERAGE PRICE OF 7 MULTI-MILLION DOLLAR HOMES

$597,088

AVERAGE PRICE OF 72 NEWLY BUILT HOMES

$487,341

AVERAGE PRICE OF 34 HOMES WITH A POOL

$245,000

AVERAGE PRICE OF 1 REDUCED PRICE HOMES

Average Home

Average Price $525,792
Avg Bedrooms 3.35 beds
Avg Bathrooms 2.45 baths

Average Price by Bedrooms

1 bedroom $129,900
2 bedrooms $332,031
3 bedrooms $448,777
4 bedrooms $628,882
5 bedrooms $900,217
Novi Home Price Trends
  10/2021 9/2021 8/2021 7/2021 6/2021
Total Listings 228 243 256 257 256
Average Price $536,852 $537,436 $506,791 $506,990 $509,540
Avg Price Change -0.11% +6.05% -0.04% -0.50% -7.46%
Median Price $465,369 $474,438 $471,042 $468,393 $467,717
Med Price Change -1.95% +0.72% +0.57% +0.14% -4.01%
Avg Bedrooms 3.39 beds 3.44 beds 3.45 beds 3.43 beds 3.45 beds
Avg Bathrooms 2.43 baths 2.42 baths 2.37 baths 2.37 baths 2.42 baths
Home Price by House Size
Total Homes Average Price Avg Days on Site
All Homes 181 $525,792 100 days
Multi-Million Dollar Homes 7 $1,426,857 137 days
Newly Built Homes 72 $597,088 180 days
Homes with a Pool 34 $487,341 42 days
Reduced Price Homes 1 $245,000 15 days
Bellabay Realty Tri-Counties
37361 Eight Mile Rd
Livonia, MI 48152
248-274-6614

Fair Housing/Equal Opportunity
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