Novi

Why you'd want to live in Novi

Business and community members choose Novi because we believe Quality of life…is the way of life. In Novi, there is much to be proud of — excellent schools, quality public services, safe neighborhoods, preservation of natural features, solid property values, and continued development. Additionally, in Novi, we are extremely proud of our cultural diversity. More than 60 businesses based in Japan and at least 14 businesses based in Germany call Novi “home” in the United States. Combine these factors with fiscal responsibility and an open government that values and welcomes community involvement, and you have a dynamic, prospering city. Our community has much to offer prospective companies. Located at the convergence of four major expressways, Novi has unparalleled access and proximity to health care, technology, and automotive industry headquarters. This, coupled with vibrant retail centers, sets Novi apart from other communities and is one of the many reasons businesses choose Novi. via City of Novi website

Novi Market Report

$474,679

AVERAGE PRICE OF 319 HOMES

$999,000

AVERAGE PRICE OF 1 DISTRESSED HOMES

$1,879,700

AVERAGE PRICE OF 10 MULTI-MILLION DOLLAR HOMES

$595,552

AVERAGE PRICE OF 79 NEWLY BUILT HOMES

$397,543

AVERAGE PRICE OF 76 HOMES WITH A POOL

$472,571

AVERAGE PRICE OF 119 REDUCED PRICE HOMES

Average Home

Average Price $474,679
Avg Bedrooms 3.57 beds
Avg Bathrooms 2.49 baths

Average Price by Bedrooms

2 bedrooms $193,238
3 bedrooms $360,783
4 bedrooms $550,763
5 bedrooms $806,720
Novi Home Price Trends
  8/2018 7/2018 6/2018 5/2018 4/2018
Total Listings 333 334 308 297 n/a
Average Price $486,013 $493,592 $504,034 $494,941 n/a
Avg Price Change -1.56% -2.12% +1.84% n/a n/a
Median Price $457,428 $459,346 $460,336 $457,567 n/a
Med Price Change -0.42% -0.22% +0.61% n/a n/a
Avg Bedrooms 3.57 beds 3.55 beds 3.56 beds 3.5 beds n/a
Avg Bathrooms 2.54 baths 2.53 baths 2.54 baths 2.53 baths n/a
Total Homes Average Price Avg Days on Site
All Homes 319 $474,679 67 days
Distressed Homes 1 $999,000 118 days
Multi-Million Dollar Homes 10 $1,879,700 86 days
Newly Built Homes 79 $595,552 133 days
Homes with a Pool 76 $397,543 49 days
Reduced Price Homes 119 $472,571 81 days