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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

$542,100

AVERAGE PRICE OF 247 HOMES

$1,570,727

AVERAGE PRICE OF 15 MULTI-MILLION DOLLAR HOMES

$583,792

AVERAGE PRICE OF 75 NEWLY BUILT HOMES

$523,916

AVERAGE PRICE OF 49 HOMES WITH A POOL

$602,557

AVERAGE PRICE OF 7 REDUCED PRICE HOMES

Average Home

Average Price $542,100
Avg Bedrooms 3.44 beds
Avg Bathrooms 2.43 baths

Average Price by Bedrooms

2 bedrooms $328,855
3 bedrooms $417,996
4 bedrooms $621,102
5 bedrooms $1,015,688
Novi Home Price Trends
  8/2021 7/2021 6/2021 5/2021 4/2021
Total Listings 256 257 256 226 193
Average Price $506,791 $506,990 $509,540 $547,549 $544,335
Avg Price Change -0.04% -0.50% -7.46% +0.59% +2.66%
Median Price $471,042 $468,393 $467,717 $486,493 $473,824
Med Price Change +0.57% +0.14% -4.01% +2.67% +3.46%
Avg Bedrooms 3.45 beds 3.43 beds 3.45 beds 3.49 beds 3.43 beds
Avg Bathrooms 2.37 baths 2.37 baths 2.42 baths 2.56 baths 2.53 baths
Home Price by House Size
Total Homes Average Price Avg Days on Site
All Homes 247 $542,100 81 days
Multi-Million Dollar Homes 15 $1,570,727 82 days
Newly Built Homes 75 $583,792 168 days
Homes with a Pool 49 $523,916 36 days
Reduced Price Homes 7 $602,557 38 days
Bellabay Realty Tri-Counties
37361 Eight Mile Rd
Livonia, MI 48152
248-274-6614

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