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Novi Market Report

$549,352

AVERAGE PRICE OF 199 HOMES

$1,689,167

AVERAGE PRICE OF 12 MULTI-MILLION DOLLAR HOMES

$727,785

AVERAGE PRICE OF 22 NEWLY BUILT HOMES

$562,863

AVERAGE PRICE OF 52 HOMES WITH A POOL

$505,200

AVERAGE PRICE OF 14 REDUCED PRICE HOMES

Average Home

Average Price $549,352
Avg Bedrooms 3.44 beds
Avg Bathrooms 2.53 baths

Average Price by Bedrooms

2 bedrooms $318,302
3 bedrooms $398,471
4 bedrooms $625,864
5 bedrooms $999,499
Novi Home Price Trends
  7/2022 6/2022 5/2022 4/2022 3/2022
Total Listings 203 n/a n/a n/a 108
Average Price $533,611 n/a n/a n/a $542,505
Avg Price Change n/a n/a n/a n/a +1.60%
Median Price $485,290 n/a n/a n/a $483,113
Med Price Change n/a n/a n/a n/a -1.34%
Avg Bedrooms 3.4 beds n/a n/a n/a 3.1 beds
Avg Bathrooms 2.49 baths n/a n/a n/a 2.4 baths
Home Price by House Size
Total Homes Average Price Avg Days on Site
All Homes 199 $549,352 42 days
Multi-Million Dollar Homes 12 $1,689,167 49 days
Newly Built Homes 22 $727,785 148 days
Homes with a Pool 52 $562,863 29 days
Reduced Price Homes 14 $505,200 20 days
Century 21 Row
Paul Wolfert
6611 Commerce Road
West Bloomfield, MI 48324
734-743-1482

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