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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

$503,231

AVERAGE PRICE OF 100 HOMES

$498,561

AVERAGE PRICE OF 92 DISTRESSED HOMES

$1,491,285

AVERAGE PRICE OF 7 MULTI-MILLION DOLLAR HOMES

$651,510

AVERAGE PRICE OF 19 NEWLY BUILT HOMES

$358,059

AVERAGE PRICE OF 15 HOMES WITH A POOL

$317,280

AVERAGE PRICE OF 5 REDUCED PRICE HOMES

Average Home

Average Price $503,231
Avg Bedrooms 2.82 beds
Avg Bathrooms 2.69 baths

Average Price by Bedrooms

1 bedroom $204,999
2 bedrooms $309,113
3 bedrooms $408,853
4 bedrooms $782,585
5 bedrooms $473,333
Novi Home Price Trends
  12/2025 11/2025 10/2025 9/2025 8/2025
Total Listings 130 149 145 288 379
Average Price $523,292 $545,695 $572,194 $588,392 $599,193
Avg Price Change -4.28% -4.86% -2.83% -1.84% -2.09%
Median Price $451,577 $475,525 $498,674 $502,030 $502,883
Med Price Change -5.30% -4.87% -0.67% -0.17% -2.73%
Avg Bedrooms 2.86 beds 2.97 beds 3.06 beds 3.15 beds 3.18 beds
Avg Bathrooms 2.7 baths 2.85 baths 2.93 baths 2.95 baths 3.03 baths
Total Homes Average Price Avg Days on Site
All Homes 100 $503,231 87 days
Distressed Homes 92 $498,561 82 days
Multi-Million Dollar Homes 7 $1,491,285 142 days
Newly Built Homes 19 $651,510 91 days
Homes with a Pool 15 $358,059 66 days
Reduced Price Homes 5 $317,280 56 days
Bellabay Realty Tri-Counties
37361 Eight Mile Rd
Livonia, MI 48152
248-274-6614

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