Novi Market Report
$605,937
AVERAGE PRICE OF 122 HOMES$608,151
AVERAGE PRICE OF 115 DISTRESSED HOMES$1,984,136
AVERAGE PRICE OF 13 MULTI-MILLION DOLLAR HOMES$756,261
AVERAGE PRICE OF 30 NEWLY BUILT HOMES$353,353
AVERAGE PRICE OF 13 HOMES WITH A POOL$474,450
AVERAGE PRICE OF 2 REDUCED PRICE HOMESAverage Home
| Average Price | $605,937 |
| Avg Bedrooms | 3.07 beds |
| Avg Bathrooms | 3.02 baths |
Average Price by Bedrooms
| 2 bedrooms | $343,010 |
| 3 bedrooms | $423,201 |
| 4 bedrooms | $653,088 |
| 5 bedrooms | $1,206,458 |
Novi Home Price Trends
| 12/2024 | 11/2024 | 10/2024 | 9/2024 | 8/2024 | |
|---|---|---|---|---|---|
| Total Listings | 136 | 141 | 168 | 163 | 164 |
| Average Price | $582,777 | $567,806 | $624,423 | $654,197 | $712,856 |
| Avg Price Change | +2.64% | -9.97% | -4.77% | -8.97% | -5.11% |
| Median Price | $495,992 | $487,666 | $497,432 | $492,881 | $556,308 |
| Med Price Change | +1.71% | -2.00% | +0.92% | -12.87% | -7.13% |
| Avg Bedrooms | 3 beds | 3.01 beds | 3.13 beds | 3.2 beds | 3.31 beds |
| Avg Bathrooms | 2.98 baths | 2.91 baths | 3.03 baths | 3.03 baths | 3.16 baths |
Home Price by House Size
| Total Homes | Average Price | Avg Days on Site | |
|---|---|---|---|
| All Homes | 122 | $605,937 | 72 days |
| Distressed Homes | 115 | $608,151 | 72 days |
| Multi-Million Dollar Homes | 13 | $1,984,136 | 91 days |
| Newly Built Homes | 30 | $756,261 | 102 days |
| Homes with a Pool | 13 | $353,353 | 41 days |
| Reduced Price Homes | 2 | $474,450 | 56 days |
