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 HOMESAverage 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 |
