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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

$547,763

AVERAGE PRICE OF 175 HOMES

$1,628,882

AVERAGE PRICE OF 11 MULTI-MILLION DOLLAR HOMES

$608,464

AVERAGE PRICE OF 76 NEWLY BUILT HOMES

$593,710

AVERAGE PRICE OF 28 HOMES WITH A POOL

Average Home

Average Price $547,763
Avg Bedrooms 3.39 beds
Avg Bathrooms 2.48 baths

Average Price by Bedrooms

1 bedroom $190,000
2 bedrooms $311,947
3 bedrooms $404,395
4 bedrooms $681,668
5 bedrooms $1,049,839
Novi Home Price Trends
  12/2020 11/2020 10/2020 9/2020 8/2020
Total Listings 201 215 280 325 352
Average Price $553,612 $522,832 $502,055 $486,351 $474,344
Avg Price Change +5.89% +4.14% +3.23% +2.53% -1.54%
Median Price $482,695 $443,606 $448,727 $449,245 $442,221
Med Price Change +8.81% -1.15% -0.12% +1.59% -1.63%
Avg Bedrooms 3.49 beds 3.49 beds 3.52 beds 3.47 beds 3.38 beds
Avg Bathrooms 2.53 baths 2.59 baths 2.59 baths 2.77 baths 2.68 baths
Home Price by House Size
Total Homes Average Price Avg Days on Site
All Homes 175 $547,763 81 days
Multi-Million Dollar Homes 11 $1,628,882 91 days
Newly Built Homes 76 $608,464 108 days
Homes with a Pool 28 $593,710 65 days
Bellabay Realty Tri-Counties
37361 Eight Mile Rd
Livonia, MI 48152
248-274-6614

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