New Listing
26
$230,000
23659 Stonehenge Blvd
Novi, MI 48375
2 bd2 ba1,771 sqft$130/ft²
Condo
Janet Mcallister · The Charles Reinhart Company
View photos & details
Brokers — List your Company Here
Featured local agent — Novi, MI
Example placement
Sarah Mitchell
CNESRESABR
Compass Real Estate · Novi, MI
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
Novi, MI(512) 555-0184TX License #0512847
Visit website →sarahmitchellhomes.com
5.0 · 47 reviews
This spot is open. Be the only brokerage featured on this page — one slot, no auction.
Claim this spot* Example only — dummy agent for illustration. Your logo, name, tagline, link, and lead routing replace this content.
Novi, MI Housing Market & Real Estate
Seller's market-7.5% YoY
Housing market overview · Updated monthly ·
$474,000median sale price
How is the Novi, MI housing market right now?
The median home sale price in Novi, MI is $474,000, down 7.5% year-over-year. Homes sell in an average of 17 days with 105 active listings. The market is currently a seller's market. (Source: Redfin monthly MLS data, as of May 2026 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)
Is Novi a buyer's or seller's market?
Seller's market2.0 months of supply17 avg. days on market
Novi, MI is currently a seller's market, based on 2.0 months of supply and homes selling in about 17 days. How we determine this →
Homes sold
52
Last 12 weeks
Days on market
17
Fast-moving
Active listings
105
2.0 months supply
Sale-to-list
99.9%
Below asking
What does the Novi housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $474,000 |
| Median list price | $525,000 |
| Year-over-year price change | -7.5% |
| Average days on market | 17 days |
| Active inventory | 105 listings |
| Months of supply | 2.0 months |
| Sale-to-list price ratio | 99.9% |
| Median price per sq ft | $221/sq ft |
| Homes sold (latest month) | 52 |
| New listings (latest month) | 98 |
| Listings with a price cut | 29.5% |
| Market condition | Seller's market |
Source: Redfin · Updated monthly
How much do homes cost in Novi by property type?
How the Novi, MI market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $535,000 | $224/sq ft | 27 | 12 days |
| Condo / Co-op | $336,600 | $218/sq ft | 25 | 21 days |
Source: Redfin · Updated monthly
The Novi housing market is currently classified as a seller's market with a median sale price of $474,000. Prices have fallen 7.5% compared to last year, with homes spending an average of 17 days on market, indicating 2.0 months of inventory.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.The price-to-income ratio of 4.3x provides context for how home values compare to local earning capacity.
Homes for sale in Novi
There are currently 105 homes listed for sale in Novi, Michigan. The median listing price is $525K. Featured listings range from $230,000 to $850,000.
New Listing
34
$319,998
42142 Roscommon St
Novi, MI 48167
3 bd2 ba1,522 sqft$210/ft²
Townhouse
National Realty Centers, Inc
View photos & details
New Listing
39
$465,000
43440 Cottisford St
Novi, MI 48167
3 bd2 ba1,561 sqft$298/ft²
House42,253 sqft lot
Keith Brandt · Brandt Real Estate
View photos & details
New Listing
31
$465,000
30249 Viewcrest Dr
Novi, MI 48377
3 bd3 ba1,850 sqft$251/ft²
Condo
Anthony Djon Luxury Real Estate
View photos & details
New Listing
7
$500,000
26459 Fieldstone Dr Unit 30
Novi, MI 48374
3 bd2 ba2,332 sqft$214/ft²
Condo
RE/MAX Classic
View photos & details
New Listing
42
$525,000
24707 Picara Dr
Novi, MI 48374
3 bd2 ba1,954 sqft$269/ft²
House10,019 sqft lot
@properties Christie's Int'l RE Northville
View photos & details
New Build
34
$537,990
42810 Atwood Ave
Novi, MI 48375
4 bd4 ba2,179 sqft$247/ft²
Townhouse
View photos & details
New Build
23
$560,990
25424 Orwell St
Novi, MI 48375
4 bd4 ba2,223 sqft$252/ft²
Townhouse
View photos & details
New Build
36
$582,990
42806 Atwood Ave
Novi, MI 48375
4 bd4 ba2,223 sqft$262/ft²
Townhouse
View photos & details
New Listing
50
$699,900
22426 Moorgate St
Novi, MI 48374
4 bd2 ba2,715 sqft$258/ft²
House12,632 sqft lot
KW Professionals
View photos & details
New Listing
72
$779,999
29750 Martell Ct
Novi, MI 48377
5 bd4 ba3,249 sqft$240/ft²
House20,038 sqft lot
Max Broock, REALTORS(R)-Birmingham
View photos & details
New Listing
79
$850,000
24527 Perceval Ln
Novi, MI 48375
4 bd4 ba3,421 sqft$248/ft²
House11,761 sqft lot
Berkshire Hathaway HomeServices Kee Realty Bham
View photos & details
Looking to buy in Novi?
Get connected with a local real estate expert — free, no obligation.
Active listings
105
Homes on market
Median list price
$525K
Avg. days on market
17
Days until sale
New this week
98
Newly listed
Price drops:29.5%of listings
Sale-to-list:99.9%
Who lives in Novi?
Population
66,224
Median income
$110,938/yr
Median age
39.9 years
Owner-occupied
68.0%
College grads
61.2%
Avg commute
26.3 min
Source: U.S. Census Bureau ACS
What are homes worth in Novi?
Zillow home value
$478,638
Zillow rent index
$1,857/mo
Price-to-rent ratio
21.5x
Price-to-income
4.3x
Source: Zillow Research
What is it like to live in Novi?
Novi is a community of approximately 66K residents with a median age of 39.9 years.The median household income is $110,938, which reflects a relatively affluent area with strong earning potential. 61.2% of residents hold a bachelor's degree or higher, indicating a highly educated population.
Homeownership rates are at 68.0%, reflecting strong community stability and long-term resident commitment. The average commute time is 26.3 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, Novi offers a balanced lifestyle with accessible home values relative to local income levels.
Which public schools serve Novi?
13 schools tracked · 8,269 students
The largest public schools serving Novi, MI by enrollment, drawn from the National Center for Education Statistics. School quality is a commonly cited factor in home-buying decisions — these are the campuses families in this area are most likely to encounter.
Novi High School
Grades 8-12 · 2,094 students
Novi Middle School
Grades 5-8 · 1,090 students
Novi Meadows School
Grades 5-7 · 1,039 students
Meadowbrook Elementary School
Grades K-5 · 569 students
Hickory Woods Elementary School
Grades K-5 · 528 students
Novi Woods Elementary School
Grades K-4 · 518 students
Village Oaks Elementary School
Grades K-4 · 515 students
Thornton Creek Elementary School
Grades K-5 · 509 students
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
Which cities are near Novi, MI?
Want a head-to-head view? Compare Novi side-by-side with any other U.S. city using our market-comparison tool.
Which ZIP codes are in Novi?
Is Novi a good real estate investment market?
For investors evaluating Novi, the price-to-rent ratio of 21.5x indicates higher purchase prices relative to rental income, typical of appreciation-focused markets. The market has softened 7.5% year-over-year, potentially creating entry opportunities for strategic buyers.Use our rent vs. buy calculator to analyze whether owning or renting makes more financial sense based on Novi's current market conditions and your specific situation. Estimate your monthly payment with the mortgage calculator using Novi's median home price.
Frequently asked questions
What is the average home price in Novi?
The median home sale price in Novi is $474,000, down 7.5% from last year.
How long do homes stay on market in Novi?
Homes typically spend 17 days on market before going under contract.
What is the median income in Novi?
The median household income is $110,938 per year.
Is Novi a buyer's or seller's market?
With 2.0 months of supply, Novi is currently a seller's market.
How many homes are for sale in Novi?
There are currently 105 homes listed for sale in Novi, MI.
What is the Zillow home value estimate for Novi?
The Zillow Home Value Index (ZHVI) for Novi is $478,638, representing the typical home value in the area.
What is the median condo price in Novi?
The median condo/co-op sale price in Novi, MI is $336,600, compared to $535,000 for a single-family home, based on the latest Redfin data.
How much does a single-family home cost in Novi?
The median single-family home price in Novi, MI is $535,000 (about $224 per square foot).
Be the brokerage on this page
1 slot per pageGet featured on Novi, MI
Your logo, brokerage name, and direct link to your site — featured at the top of this page in front of every visitor researching this whole city. One brokerage, no rotation, no bidding war.
- Goes live in 24 hours
- Cancel anytime
- Do-follow backlink to your site
Get Novi market alerts
Weekly updates on prices, inventory, and trends. Free forever.