Novi

Why you'd want to live in Novi

Business and community members choose Novi because we believe Quality of life…is the way of life. In Novi, there is much to be proud of — excellent schools, quality public services, safe neighborhoods, preservation of natural features, solid property values, and continued development. Additionally, in Novi, we are extremely proud of our cultural diversity. More than 60 businesses based in Japan and at least 14 businesses based in Germany call Novi “home” in the United States. Combine these factors with fiscal responsibility and an open government that values and welcomes community involvement, and you have a dynamic, prospering city. Our community has much to offer prospective companies. Located at the convergence of four major expressways, Novi has unparalleled access and proximity to health care, technology, and automotive industry headquarters. This, coupled with vibrant retail centers, sets Novi apart from other communities and is one of the many reasons businesses choose Novi. via City of Novi website

Novi Market Report

$503,635

AVERAGE PRICE OF 309 HOMES

$1,734,207

AVERAGE PRICE OF 14 MULTI-MILLION DOLLAR HOMES

$602,956

AVERAGE PRICE OF 82 NEWLY BUILT HOMES

$499,729

AVERAGE PRICE OF 77 HOMES WITH A POOL

$534,395

AVERAGE PRICE OF 70 REDUCED PRICE HOMES

Average Home

Average Price $503,635
Avg Bedrooms 3.57 beds
Avg Bathrooms 2.55 baths

Average Price by Bedrooms

1 bedroom $151,566
2 bedrooms $196,458
3 bedrooms $366,244
4 bedrooms $571,303
5 bedrooms $882,809
Novi Home Price Trends
  5/2018 4/2018 3/2018 2/2018 1/2018
Total Listings 297 n/a 212 202 196
Average Price $494,941 n/a $519,227 $511,895 $511,476
Avg Price Change n/a n/a +1.43% +0.08% +4.09%
Median Price $457,567 n/a $465,588 $466,207 $487,301
Med Price Change n/a n/a -0.13% -4.52% +3.71%
Avg Bedrooms 3.5 beds n/a 3 beds 3 beds 3 beds
Avg Bathrooms 2.53 baths n/a 2.62 baths 2.62 baths 2.66 baths
Total Homes Average Price Avg Days on Market
All Homes 309 $503,635 67 days
Multi-Million Dollar Homes 14 $1,734,207 93 days
Newly Built Homes 82 $602,956 130 days
Homes with a Pool 77 $499,729 63 days
Reduced Price Homes 70 $534,395 92 days