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

$500,646

AVERAGE PRICE OF 299 HOMES

$1,747,136

AVERAGE PRICE OF 14 MULTI-MILLION DOLLAR HOMES

$593,433

AVERAGE PRICE OF 81 NEWLY BUILT HOMES

$462,557

AVERAGE PRICE OF 82 HOMES WITH A POOL

$553,180

AVERAGE PRICE OF 60 REDUCED PRICE HOMES

Average Home

Average Price $500,646
Avg Bedrooms 3.55 beds
Avg Bathrooms 2.53 baths

Average Price by Bedrooms

1 bedroom $161,266
2 bedrooms $200,680
3 bedrooms $351,684
4 bedrooms $581,074
5 bedrooms $877,781
Novi Home Price Trends
  4/2018 3/2018 2/2018 1/2018 12/2017
Total Listings n/a 212 202 196 227
Average Price n/a $519,227 $511,895 $511,476 $491,362
Avg Price Change n/a +1.43% +0.08% +4.09% +1.68%
Median Price n/a $465,588 $466,207 $487,301 $469,862
Med Price Change n/a -0.13% -4.52% +3.71% +2.67%
Avg Bedrooms n/a 3 beds 3 beds 3 beds 3 beds
Avg Bathrooms n/a 2.62 baths 2.62 baths 2.66 baths 2.59 baths
Total Homes Average Price Avg Days on Market
All Homes 299 $500,646 63 days
Multi-Million Dollar Homes 14 $1,747,136 103 days
Newly Built Homes 81 $593,433 118 days
Homes with a Pool 82 $462,557 58 days
Reduced Price Homes 60 $553,180 96 days