The story of this market
The typical home in Novi, Michigan sells for about $510,000, or $228 per square foot.
Prices are roughly flat from a year ago (0%), a market in balance. Homes take about 10 days to sell, which is fast.
Monthly price momentum
Home values since 2015
+4.5%
MI · past 12 months
Freddie Mac House Price Index, single-family homes, monthly through 2026-08. Each line starts at 100 in January 2015, so a reading of 180 means prices are up 80% since then.
Novi, Michigan
Novi remains a decisive seller's market characterized by low inventory and high demand for well-priced properties. The city's reputation for excellent schools continues to drive strong competition, particularly for single-family homes, while condos provide a more accessible entry point into the market.
No ARED county foreclosure postings attributed to Novi yet — the verified ledger covers every county the foreclosure ingest has read, attributed by published city area. Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.
Deterministic aggregate of 4 researched ZIP reports — sales_count-weighted (population fallback); per point, children lacking the value or its weight are excluded. Tax rates, sentiment and context notes are tier-native and never roll.
Median prices moved up 3.8% year over year.
Homes spend a median of 17 days on market with 0.0 months of supply — a fast-moving market.
0% of listings have cut prices · homes sell at 0.31% of asking — demand is holding steady.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 3.8% · poverty 4.2% — a stable, low-distress profile.
- Little Caesars Arena4.623.5 mi
- Comerica Park4.723.8 mi
- Ford Field4.624 mi
- Pine Knob Music Theatre4.619 mi
- Michigan Stadium4.820.4 mi
- Kensington Metropark4.79.3 mi
- Emagine Novi4.50.9 mi
- Emagine Canton4.611.3 mi
- MJR Westland Grand Cinema 164.411.1 mi
- Dave & Buster's Livonia44.5 mi
- Henry Ford Museum of American Innovation4.817.4 mi
- Detroit Institute of Arts4.822.6 mi
- Greenfield Village4.817.4 mi
- Michigan Central4.822.8 mi
- Motown Museum4.721.3 mi
- Kensington Metropark4.79.3 mi
- Glenlore Trails4.56.8 mi
- Maybury State Park4.84.5 mi
- Matthaei Botanical Gardens4.815.6 mi
- Cranbrook House & Gardens4.813.2 mi
- Fox Hills Golf & Banquet Center4.610.1 mi
- Western Golf & Country Club4.610.8 mi
- Novi Putting Edge4.21 mi
- Lyon Oaks County Park and Golf Course4.35.6 mi
- Tanglewood Golf Course4.45.5 mi
- Somerset Collection4.615.8 mi
- Twelve Oaks Mall4.40.8 mi
- Meijer4.23.7 mi
- One World Market - Novi4.70.4 mi
- Detroit Metropolitan Wayne County Airport4.319.5 mi
- Windsor International Airport4.230.6 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
The amenity base that shapes daily life and property demand in this city — what residents actually live with, and what the pipeline is adding.
A major regional shopping destination that serves as a primary economic anchor for the city and surrounding area.
A comprehensive system of parks and green spaces that provides significant recreational value and enhances the quality of life for residents.
Novi is highly attractive to family buyers seeking top-rated schools and professionals who value its central location and robust retail amenities. The city's mix of single-family homes and condo options provides a range of entry points for both move-up buyers and those looking for lower-maintenance living.
Novi is widely recognized for its top-tier public school system, which serves as a primary driver for residential demand and property values in the city.
The city is well-positioned with access to major highway corridors, facilitating a commute profile that is primarily car-dependent with an average commute time of approximately 26 minutes.
Novi maintains a strong economic base driven by its status as a regional retail center and its proximity to major employment corridors in Oakland County.
Novi serves as a major commercial and retail hub in Oakland County, anchored by significant regional shopping destinations and a strong corporate presence that fuels consistent economic momentum.
ACS 2024 5-year estimates. Aggregate published statistics for this city — never individual records, and never an attribute of any individual property or resident.
Data retrieved from Census Reporter and US Census Bureau QuickFacts.