Novi, MI
Housing market overview · Updated weekly
$353,000median sale price
Homes sold
32
Last 12 weeks
Days on market
22
Average pace
Active listings
64
2.0 months supply
Sale-to-list
99.1%
Below asking
The Novi housing market is currently classified as a seller's market with a median sale price of $353,000. Prices have fallen 19.0% compared to last year, with homes spending an average of 22 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.
Market trends
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Frequently asked questions
What is the average home price in Novi?
The median home sale price in Novi is $353,000, down 19.0% from last year.
How long do homes stay on market in Novi?
Homes typically spend 22 days on market before going under contract.
Is Novi a buyer's or seller's market?
With 2.0 months of supply, Novi is currently a seller's market.
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