Novi Market Report

$711,620

AVERAGE PRICE OF 121 HOMES

$1,398,213

AVERAGE PRICE OF 30 MULTI-MILLION DOLLAR HOMES

$1,114,646

AVERAGE PRICE OF 43 NEWLY BUILT HOMES

$459,821

AVERAGE PRICE OF 32 HOMES WITH A POOL

Average Home

Average Price $711,620
Avg Bedrooms 3.07 beds
Avg Bathrooms 2.53 baths

Average Price by Bedrooms

2 bedrooms $357,967
3 bedrooms $372,515
4 bedrooms $843,022
5 bedrooms $984,173
Novi Home Price Trends
  1/2024 12/2023 11/2023 10/2023 9/2023
Total Listings 114 117 130 128 132
Average Price $746,321 $735,091 $728,200 $712,625 $699,738
Avg Price Change +1.53% +0.95% +2.19% +1.84% +16.37%
Median Price $591,978 $606,844 $599,288 $572,522 $568,421
Med Price Change -2.51% +1.26% +4.68% +0.72% +12.83%
Avg Bedrooms 3.16 beds 3.52 beds 3.77 beds 3.54 beds 4.33 beds
Avg Bathrooms 2.63 baths 2.74 baths 2.86 baths 2.68 baths 2.74 baths
Home Price by House Size
Total Homes Average Price Avg Days on Site
All Homes 121 $711,620 64 days
Multi-Million Dollar Homes 30 $1,398,213 186 days
Newly Built Homes 43 $1,114,646 103 days
Homes with a Pool 32 $459,821 41 days
Keller Williams - Glover Agency
Jeff Glover Realtor
855-JEFF SELLS

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