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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

$526,943

AVERAGE PRICE OF 141 HOMES

$522,745

AVERAGE PRICE OF 129 DISTRESSED HOMES

$1,606,900

AVERAGE PRICE OF 10 MULTI-MILLION DOLLAR HOMES

$786,814

AVERAGE PRICE OF 20 NEWLY BUILT HOMES

$456,665

AVERAGE PRICE OF 19 HOMES WITH A POOL

$424,803

AVERAGE PRICE OF 9 REDUCED PRICE HOMES

Average Home

Average Price $526,943
Avg Bedrooms 2.89 beds
Avg Bathrooms 2.72 baths

Average Price by Bedrooms

1 bedroom $207,999
2 bedrooms $387,466
3 bedrooms $423,631
4 bedrooms $704,222
5 bedrooms $1,006,667
Novi Home Price Trends
  11/2025 10/2025 9/2025 8/2025 7/2025
Total Listings 149 145 288 379 289
Average Price $545,695 $572,194 $588,392 $599,193 $611,702
Avg Price Change -4.86% -2.83% -1.84% -2.09% -4.95%
Median Price $475,525 $498,674 $502,030 $502,883 $516,598
Med Price Change -4.87% -0.67% -0.17% -2.73% -1.76%
Avg Bedrooms 2.97 beds 3.06 beds 3.15 beds 3.18 beds 3.2 beds
Avg Bathrooms 2.85 baths 2.93 baths 2.95 baths 3.03 baths 3.04 baths
Total Homes Average Price Avg Days on Site
All Homes 141 $526,943 78 days
Distressed Homes 129 $522,745 76 days
Multi-Million Dollar Homes 10 $1,606,900 119 days
Newly Built Homes 20 $786,814 97 days
Homes with a Pool 19 $456,665 48 days
Reduced Price Homes 9 $424,803 47 days
Bellabay Realty Tri-Counties
37361 Eight Mile Rd
Livonia, MI 48152
248-274-6614

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