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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

$573,942

AVERAGE PRICE OF 150 HOMES

$1,594,654

AVERAGE PRICE OF 12 MULTI-MILLION DOLLAR HOMES

$760,771

AVERAGE PRICE OF 30 NEWLY BUILT HOMES

$551,787

AVERAGE PRICE OF 37 HOMES WITH A POOL

$520,790

AVERAGE PRICE OF 11 REDUCED PRICE HOMES

Average Home

Average Price $573,942
Avg Bedrooms 3.39 beds
Avg Bathrooms 2.48 baths

Average Price by Bedrooms

2 bedrooms $372,979
3 bedrooms $420,576
4 bedrooms $651,766
5 bedrooms $1,207,023
Novi Home Price Trends
  9/2022 8/2022 7/2022 6/2022 5/2022
Total Listings 150 188 203 n/a n/a
Average Price $558,622 $542,437 $533,611 n/a n/a
Avg Price Change +2.98% +1.65% n/a n/a n/a
Median Price $476,434 $475,378 $485,290 n/a n/a
Med Price Change +0.22% -2.09% n/a n/a n/a
Avg Bedrooms 3.33 beds 3.4 beds 3.4 beds n/a n/a
Avg Bathrooms 2.46 baths 2.51 baths 2.49 baths n/a n/a
Home Price by House Size
Total Homes Average Price Avg Days on Site
All Homes 150 $573,942 57 days
Multi-Million Dollar Homes 12 $1,594,654 63 days
Newly Built Homes 30 $760,771 124 days
Homes with a Pool 37 $551,787 48 days
Reduced Price Homes 11 $520,790 47 days
Bellabay Realty Tri-Counties
37361 Eight Mile Rd
Livonia, MI 48152
248-274-6614

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