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Novi Market Report

$548,499

AVERAGE PRICE OF 182 HOMES

$1,567,892

AVERAGE PRICE OF 12 MULTI-MILLION DOLLAR HOMES

$600,889

AVERAGE PRICE OF 81 NEWLY BUILT HOMES

$602,982

AVERAGE PRICE OF 29 HOMES WITH A POOL

$643,680

AVERAGE PRICE OF 5 REDUCED PRICE HOMES

Average Home

Average Price $548,499
Avg Bedrooms 3.4 beds
Avg Bathrooms 2.55 baths

Average Price by Bedrooms

2 bedrooms $306,615
3 bedrooms $403,694
4 bedrooms $693,493
5 bedrooms $1,014,423
Novi Home Price Trends
  1/2021 12/2020 11/2020 10/2020 9/2020
Total Listings 179 201 215 280 325
Average Price $552,069 $553,612 $522,832 $502,055 $486,351
Avg Price Change -0.28% +5.89% +4.14% +3.23% +2.53%
Median Price $478,575 $482,695 $443,606 $448,727 $449,245
Med Price Change -0.86% +8.81% -1.15% -0.12% +1.59%
Avg Bedrooms 3.41 beds 3.49 beds 3.49 beds 3.52 beds 3.47 beds
Avg Bathrooms 2.5 baths 2.53 baths 2.59 baths 2.59 baths 2.77 baths
Home Price by House Size
Total Homes Average Price Avg Days on Site
All Homes 182 $548,499 79 days
Multi-Million Dollar Homes 12 $1,567,892 99 days
Newly Built Homes 81 $600,889 111 days
Homes with a Pool 29 $602,982 58 days
Reduced Price Homes 5 $643,680 14 days
Century 21 Row
Paul Wolfert
37172 Six Mile Road
Livonia, MI 48152
734-743-1482

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