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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

$535,619

AVERAGE PRICE OF 168 HOMES

$1,368,111

AVERAGE PRICE OF 9 MULTI-MILLION DOLLAR HOMES

$607,526

AVERAGE PRICE OF 67 NEWLY BUILT HOMES

$522,111

AVERAGE PRICE OF 35 HOMES WITH A POOL

$603,266

AVERAGE PRICE OF 3 REDUCED PRICE HOMES

Average Home

Average Price $535,619
Avg Bedrooms 3.32 beds
Avg Bathrooms 2.48 baths

Average Price by Bedrooms

1 bedroom $129,900
2 bedrooms $329,828
3 bedrooms $452,465
4 bedrooms $649,338
5 bedrooms $939,544
Novi Home Price Trends
  11/2021 10/2021 9/2021 8/2021 7/2021
Total Listings n/a 228 243 256 257
Average Price n/a $536,852 $537,436 $506,791 $506,990
Avg Price Change n/a -0.11% +6.05% -0.04% -0.50%
Median Price n/a $465,369 $474,438 $471,042 $468,393
Med Price Change n/a -1.95% +0.72% +0.57% +0.14%
Avg Bedrooms n/a 3.39 beds 3.44 beds 3.45 beds 3.43 beds
Avg Bathrooms n/a 2.43 baths 2.42 baths 2.37 baths 2.37 baths
Home Price by House Size
Total Homes Average Price Avg Days on Site
All Homes 168 $535,619 100 days
Multi-Million Dollar Homes 9 $1,368,111 112 days
Newly Built Homes 67 $607,526 179 days
Homes with a Pool 35 $522,111 41 days
Reduced Price Homes 3 $603,266 19 days
Bellabay Realty Tri-Counties
37361 Eight Mile Rd
Livonia, MI 48152
248-274-6614

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