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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

$530,934

AVERAGE PRICE OF 197 HOMES

$1,577,000

AVERAGE PRICE OF 10 MULTI-MILLION DOLLAR HOMES

$727,064

AVERAGE PRICE OF 22 NEWLY BUILT HOMES

$486,157

AVERAGE PRICE OF 50 HOMES WITH A POOL

$482,764

AVERAGE PRICE OF 14 REDUCED PRICE HOMES

Average Home

Average Price $530,934
Avg Bedrooms 3.43 beds
Avg Bathrooms 2.49 baths

Average Price by Bedrooms

2 bedrooms $320,077
3 bedrooms $401,254
4 bedrooms $616,796
5 bedrooms $851,038
Novi Home Price Trends
  7/2022 6/2022 5/2022 4/2022 3/2022
Total Listings 203 n/a n/a n/a 108
Average Price $533,611 n/a n/a n/a $542,505
Avg Price Change n/a n/a n/a n/a +1.60%
Median Price $485,290 n/a n/a n/a $483,113
Med Price Change n/a n/a n/a n/a -1.34%
Avg Bedrooms 3.4 beds n/a n/a n/a 3.1 beds
Avg Bathrooms 2.49 baths n/a n/a n/a 2.4 baths
Home Price by House Size
Total Homes Average Price Avg Days on Site
All Homes 197 $530,934 42 days
Multi-Million Dollar Homes 10 $1,577,000 55 days
Newly Built Homes 22 $727,064 145 days
Homes with a Pool 50 $486,157 31 days
Reduced Price Homes 14 $482,764 21 days
Bellabay Realty Tri-Counties
37361 Eight Mile Rd
Livonia, MI 48152
248-274-6614

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