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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

$533,161

AVERAGE PRICE OF 90 HOMES

$1,627,701

AVERAGE PRICE OF 7 MULTI-MILLION DOLLAR HOMES

$849,071

AVERAGE PRICE OF 24 NEWLY BUILT HOMES

$378,573

AVERAGE PRICE OF 23 HOMES WITH A POOL

$344,966

AVERAGE PRICE OF 3 REDUCED PRICE HOMES

Average Home

Average Price $533,161
Avg Bedrooms 3.18 beds
Avg Bathrooms 2.2 baths

Average Price by Bedrooms

1 bedroom $189,450
2 bedrooms $361,844
3 bedrooms $460,922
4 bedrooms $720,160
5 bedrooms $677,450
Novi Home Price Trends
  1/2023 12/2022 11/2022 10/2022 9/2022
Total Listings 92 105 121 147 150
Average Price $569,153 $550,009 $557,871 $571,738 $558,622
Avg Price Change +3.48% -1.43% -2.49% +2.35% +2.98%
Median Price $466,297 $450,236 $475,859 $490,384 $476,434
Med Price Change +3.57% -5.69% -3.05% +2.93% +0.22%
Avg Bedrooms 3.24 beds 3.29 beds 3.36 beds 3.38 beds 3.33 beds
Avg Bathrooms 2.27 baths 2.26 baths 2.35 baths 2.42 baths 2.46 baths
Home Price by House Size
Total Homes Average Price Avg Days on Site
All Homes 90 $533,161 91 days
Multi-Million Dollar Homes 7 $1,627,701 116 days
Newly Built Homes 24 $849,071 207 days
Homes with a Pool 23 $378,573 41 days
Reduced Price Homes 3 $344,966 64 days
Bellabay Realty Tri-Counties
37361 Eight Mile Rd
Livonia, MI 48152
248-274-6614

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