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

$483,517

AVERAGE PRICE OF 232 HOMES

$405,266

AVERAGE PRICE OF 3 DISTRESSED HOMES

$1,682,487

AVERAGE PRICE OF 8 MULTI-MILLION DOLLAR HOMES

$610,375

AVERAGE PRICE OF 69 NEWLY BUILT HOMES

$403,757

AVERAGE PRICE OF 64 HOMES WITH A POOL

$448,925

AVERAGE PRICE OF 65 REDUCED PRICE HOMES

Average Home

Average Price $483,517
Avg Bedrooms 3 beds
Avg Bathrooms 2.57 baths

Average Price by Bedrooms

1 bedroom $139,900
2 bedrooms $195,705
3 bedrooms $358,766
4 bedrooms $576,252
5 bedrooms $815,984
Novi Home Price Trends
  11/2017 10/2017 9/2017 8/2017 7/2017
Total Listings 260 292 316 325 320
Average Price $483,264 $470,775 $442,566 $434,862 $477,564
Avg Price Change +2.65% +6.37% +1.77% -9.82% -1.83%
Median Price $457,648 $438,017 $426,044 $423,984 $448,331
Med Price Change +4.48% +2.81% +0.49% -5.74% -0.13%
Avg Bedrooms 3 beds 3 beds 3 beds 3 beds 3 beds
Avg Bathrooms 2.57 baths 2.57 baths 2.49 baths 2.44 baths 2.55 baths
Total Homes Average Price Avg Days on Market
All Homes 232 $483,517 86 days
Distressed Homes 3 $405,266 68 days
Multi-Million Dollar Homes 8 $1,682,487 102 days
Newly Built Homes 69 $610,375 142 days
Homes with a Pool 64 $403,757 67 days
Reduced Price Homes 65 $448,925 120 days