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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 HOMES

Average 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
Century 21 Row
Paul Wolfert
6611 Commerce Road
West Bloomfield, MI 48324
734-743-1482

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