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

$445,795

AVERAGE PRICE OF 309 HOMES

$339,999

AVERAGE PRICE OF 1 DISTRESSED HOMES

$1,665,625

AVERAGE PRICE OF 8 MULTI-MILLION DOLLAR HOMES

$578,861

AVERAGE PRICE OF 72 NEWLY BUILT HOMES

$386,034

AVERAGE PRICE OF 82 HOMES WITH A POOL

$440,908

AVERAGE PRICE OF 99 REDUCED PRICE HOMES

Average Home

Average Price $445,795
Avg Bedrooms 3 beds
Avg Bathrooms 2.49 baths

Average Price by Bedrooms

1 bedroom $139,900
2 bedrooms $184,768
3 bedrooms $330,996
4 bedrooms $548,061
5 bedrooms $723,402
Novi Home Price Trends
  8/2017 7/2017 6/2017 5/2017 4/2017
Total Listings 325 320 294 271 238
Average Price $434,862 $477,564 $486,304 $479,094 $489,245
Avg Price Change -9.82% -1.83% +1.50% -2.12% -1.02%
Median Price $423,984 $448,331 $448,936 $440,862 $441,827
Med Price Change -5.74% -0.13% +1.83% -0.22% +0.05%
Avg Bedrooms 3 beds 3 beds 3 beds 3 beds 3 beds
Avg Bathrooms 2.44 baths 2.55 baths 2.58 baths 2.52 baths 2.5 baths
Total Homes Average Price Avg Days on Market
All Homes 309 $445,795 72 days
Distressed Homes 1 $339,999 15 days
Multi-Million Dollar Homes 8 $1,665,625 59 days
Newly Built Homes 72 $578,861 155 days
Homes with a Pool 82 $386,034 57 days
Reduced Price Homes 99 $440,908 83 days