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

$509,423

AVERAGE PRICE OF 208 HOMES

$487,949

AVERAGE PRICE OF 2 DISTRESSED HOMES

$2,014,271

AVERAGE PRICE OF 7 MULTI-MILLION DOLLAR HOMES

$610,928

AVERAGE PRICE OF 67 NEWLY BUILT HOMES

$504,801

AVERAGE PRICE OF 53 HOMES WITH A POOL

$495,797

AVERAGE PRICE OF 53 REDUCED PRICE HOMES

Average Home

Average Price $509,423
Avg Bedrooms 3 beds
Avg Bathrooms 2.61 baths

Average Price by Bedrooms

1 bedroom n/a
2 bedrooms $194,434
3 bedrooms $365,636
4 bedrooms $582,866
5 bedrooms $839,737
Novi Home Price Trends
  1/2018 12/2017 11/2017 10/2017 9/2017
Total Listings 196 227 260 292 316
Average Price $511,476 $491,362 $483,264 $470,775 $442,566
Avg Price Change +4.09% +1.68% +2.65% +6.37% +1.77%
Median Price $487,301 $469,862 $457,648 $438,017 $426,044
Med Price Change +3.71% +2.67% +4.48% +2.81% +0.49%
Avg Bedrooms 3 beds 3 beds 3 beds 3 beds 3 beds
Avg Bathrooms 2.66 baths 2.59 baths 2.57 baths 2.57 baths 2.49 baths
Total Homes Average Price Avg Days on Market
All Homes 208 $509,423 85 days
Distressed Homes 2 $487,949 155 days
Multi-Million Dollar Homes 7 $2,014,271 146 days
Newly Built Homes 67 $610,928 133 days
Homes with a Pool 53 $504,801 73 days
Reduced Price Homes 53 $495,797 108 days