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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

$723,164

AVERAGE PRICE OF 151 HOMES

$697,497

AVERAGE PRICE OF 125 DISTRESSED HOMES

$1,698,029

AVERAGE PRICE OF 28 MULTI-MILLION DOLLAR HOMES

$1,179,059

AVERAGE PRICE OF 37 NEWLY BUILT HOMES

$746,700

AVERAGE PRICE OF 24 HOMES WITH A POOL

$322,433

AVERAGE PRICE OF 6 REDUCED PRICE HOMES

Average Home

Average Price $723,164
Avg Bedrooms 3.21 beds
Avg Bathrooms 3.15 baths

Average Price by Bedrooms

1 bedroom $139,900
2 bedrooms $483,674
3 bedrooms $450,030
4 bedrooms $773,536
5 bedrooms $1,602,585
Novi Home Price Trends
  5/2024 4/2024 3/2024 2/2024 1/2024
Total Listings 153 n/a n/a n/a n/a
Average Price $686,014 n/a n/a n/a n/a
Avg Price Change n/a n/a n/a n/a n/a
Median Price $559,900 n/a n/a n/a n/a
Med Price Change n/a n/a n/a n/a n/a
Avg Bedrooms 3.2 beds n/a n/a n/a n/a
Avg Bathrooms 3.03 baths n/a n/a n/a n/a
Home Price by House Size
Total Homes Average Price Avg Days on Site
All Homes 151 $723,164 28 days
Distressed Homes 125 $697,497 27 days
Multi-Million Dollar Homes 28 $1,698,029 35 days
Newly Built Homes 37 $1,179,059 41 days
Homes with a Pool 24 $746,700 26 days
Reduced Price Homes 6 $322,433 25 days
Bellabay Realty Tri-Counties
37361 Eight Mile Rd
Livonia, MI 48152
248-274-6614

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