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

$438,035

AVERAGE PRICE OF 326 HOMES

$699,900

AVERAGE PRICE OF 1 DISTRESSED HOMES

$1,809,687

AVERAGE PRICE OF 8 MULTI-MILLION DOLLAR HOMES

$581,348

AVERAGE PRICE OF 73 NEWLY BUILT HOMES

$400,295

AVERAGE PRICE OF 97 HOMES WITH A POOL

$461,553

AVERAGE PRICE OF 84 REDUCED PRICE HOMES

Average Home

Average Price $438,035
Avg Bedrooms 3 beds
Avg Bathrooms 2.45 baths

Average Price by Bedrooms

1 bedroom $139,900
2 bedrooms $166,886
3 bedrooms $312,486
4 bedrooms $543,913
5 bedrooms $739,329
Novi Home Price Trends
  7/2017 6/2017 5/2017 4/2017 3/2017
Total Listings 320 294 271 238 205
Average Price $477,564 $486,304 $479,094 $489,245 $494,212
Avg Price Change -1.83% +1.50% -2.12% -1.02% +3.08%
Median Price $448,331 $448,936 $440,862 $441,827 $441,599
Med Price Change -0.13% +1.83% -0.22% +0.05% +8.01%
Avg Bedrooms 3 beds 3 beds 3 beds 3 beds 3 beds
Avg Bathrooms 2.55 baths 2.58 baths 2.52 baths 2.5 baths 2.52 baths
Total Homes Average Price Avg Days on Market
All Homes 326 $438,035 71 days
Distressed Homes 1 $699,900 520 days
Multi-Million Dollar Homes 8 $1,809,687 347 days
Newly Built Homes 73 $581,348 159 days
Homes with a Pool 97 $400,295 59 days
Reduced Price Homes 84 $461,553 96 days