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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

$558,598

AVERAGE PRICE OF 95 HOMES

$1,680,488

AVERAGE PRICE OF 8 MULTI-MILLION DOLLAR HOMES

$817,950

AVERAGE PRICE OF 26 NEWLY BUILT HOMES

$466,145

AVERAGE PRICE OF 24 HOMES WITH A POOL

$409,000

AVERAGE PRICE OF 1 REDUCED PRICE HOMES

Average Home

Average Price $558,598
Avg Bedrooms 3.11 beds
Avg Bathrooms 2.25 baths

Average Price by Bedrooms

1 bedroom $139,900
2 bedrooms $333,152
3 bedrooms $510,804
4 bedrooms $760,330
5 bedrooms $985,999
Novi Home Price Trends
  2/2023 1/2023 12/2022 11/2022 10/2022
Total Listings 90 92 105 121 147
Average Price $561,423 $569,153 $550,009 $557,871 $571,738
Avg Price Change -1.38% +3.48% -1.43% -2.49% +2.35%
Median Price $458,339 $466,297 $450,236 $475,859 $490,384
Med Price Change -1.74% +3.57% -5.69% -3.05% +2.93%
Avg Bedrooms 3.13 beds 3.24 beds 3.29 beds 3.36 beds 3.38 beds
Avg Bathrooms 2.24 baths 2.27 baths 2.26 baths 2.35 baths 2.42 baths
Home Price by House Size
Total Homes Average Price Avg Days on Site
All Homes 95 $558,598 91 days
Multi-Million Dollar Homes 8 $1,680,488 149 days
Newly Built Homes 26 $817,950 228 days
Homes with a Pool 24 $466,145 41 days
Reduced Price Homes 1 $409,000 14 days
Bellabay Realty Tri-Counties
37361 Eight Mile Rd
Livonia, MI 48152
248-274-6614

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