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City / Town Overview

Novi, MI

Aggregate real estate market report across all ZIPs in scope
Balanced Market
September 2026  ·  Source: Realtor.com

Market Analysis

Data as of September 2026. Source: Realtor.com.

The Novi, MI real estate market currently shows 160 active listings, with 53 pending sales. Homes are averaging 34 days on the market before going under contract.

Inventory has increased compared to last year, with 22 more homes available — giving buyers more choice.

Homes are selling faster, averaging 34 days on market compared to 38.5 days last year.

The median listing price has fallen 5.5% year-over-year, from $511,032 to $483,117.

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Market Context

Market Context

Population: 61,141  ·  Density: 899.8/mi²  ·  Median household income: $121,142

Typical home value: $386,809  ·  Homeownership: 70.2%

Included Areas

Novi: 48374, 48375, 48376, 48377

Area Map

Market Overview

Active Listings
160
⇧ 15.9% vs 138 last year
Pending
53
33% pending ratio
Median Price
$483,117
⇩ 5.5% vs $511,032 last year
Average Price
$563,364
⇩ 3.2% vs $581,697 last year
Days on Market
34
⇩ 11.7% vs 39 days last year

Price Per Square Foot

Median $/sqft
$243
⇧ 1.1% vs $240/sqft last year
Median Home Size
1,980 sqft
Typical listing size
12-Month $/sqft Trend

12-Month Trends

Historical Trend Charts

Median Price
Average Price
Days on Market
Total Listings
Pending Listings
Active Listings
New Listings
Price Per Sqft
Price Reduced %