Novi Market Report
$525,909
AVERAGE PRICE OF 211 HOMES$1,644,300
AVERAGE PRICE OF 10 MULTI-MILLION DOLLAR HOMES$561,912
AVERAGE PRICE OF 76 NEWLY BUILT HOMES$512,981
AVERAGE PRICE OF 43 HOMES WITH A POOL$584,139
AVERAGE PRICE OF 5 REDUCED PRICE HOMESAverage Home
| Average Price | $525,909 |
| Avg Bedrooms | 3.35 beds |
| Avg Bathrooms | 2.4 baths |
Average Price by Bedrooms
| 1 bedroom | $129,900 |
| 2 bedrooms | $303,097 |
| 3 bedrooms | $421,680 |
| 4 bedrooms | $635,551 |
| 5 bedrooms | $1,009,969 |
Novi Home Price Trends
| 9/2021 | 8/2021 | 7/2021 | 6/2021 | 5/2021 | |
|---|---|---|---|---|---|
| Total Listings | 243 | 256 | 257 | 256 | 226 |
| Average Price | $537,436 | $506,791 | $506,990 | $509,540 | $547,549 |
| Avg Price Change | +6.05% | -0.04% | -0.50% | -7.46% | +0.59% |
| Median Price | $474,438 | $471,042 | $468,393 | $467,717 | $486,493 |
| Med Price Change | +0.72% | +0.57% | +0.14% | -4.01% | +2.67% |
| Avg Bedrooms | 3.44 beds | 3.45 beds | 3.43 beds | 3.45 beds | 3.49 beds |
| Avg Bathrooms | 2.42 baths | 2.37 baths | 2.37 baths | 2.42 baths | 2.56 baths |
Home Price by House Size
| Total Homes | Average Price | Avg Days on Site | |
|---|---|---|---|
| All Homes | 211 | $525,909 | 88 days |
| Multi-Million Dollar Homes | 10 | $1,644,300 | 116 days |
| Newly Built Homes | 76 | $561,912 | 173 days |
| Homes with a Pool | 43 | $512,981 | 38 days |
| Reduced Price Homes | 5 | $584,139 | 52 days |
