Population: 18,125 · Density: 771.3/mi² · Median household income: $179,940
Typical home value: $534,616 · Homeownership: 89.8%
Data as of January 2026. Source: Realtor.com.
The NOVI, MI real estate market (48374) currently shows 15 active listings, with 5 pending sales. Homes are averaging 57 days on the market before going under contract.
Inventory has tightened compared to last year, with 7 fewer active listings — creating more competition among buyers.
Homes are taking longer to sell, averaging 57 days on market compared to 47 days last year.
The median listing price has risen 0.6% year-over-year, from $744,975 to $749,500.
Whether you are buying or selling in NOVI, MI, SELL123.com can help you save significantly on commission — typically 2% compared to traditional 5% broker fees. Call (240) SELL-123 for a free consultation.
| Zip | City / State | Distance | Listings | Market Value | Median $ | Average $ |
|---|---|---|---|---|---|---|
| 48374 | Novi, MI 48374 | 0.0 mi | 15 | $13,514,100 | $749,500 | $900,940 |
| 48375 | Novi, MI 48375 | 3.1 mi | 43 | $17,711,743 | $425,000 | $411,901 |
| 48393 | Wixom, MI 48393 | 3.7 mi | 30 | $12,480,900 | $365,000 | $416,030 |
| 48165 | New Hudson, MI 48165 | 5.1 mi | 43 | $20,674,916 | $574,990 | $480,812 |
| 48335 | Farmington, MI 48335 | 6.2 mi | 28 | $10,743,124 | $344,900 | $383,683 |
| 48170 | Plymouth, MI 48170 | 7.1 mi | 86 | $61,700,700 | $535,000 | $717,450 |
| 48178 | South Lyon, MI 48178 | 7.4 mi | 126 | $69,810,174 | $469,990 | $554,049 |
| 48382 | Commerce Township, MI 48382 | 8.3 mi | 74 | $50,806,328 | $639,900 | $686,572 |
| 48336 | Farmington, MI 48336 | 9.0 mi | 83 | $28,172,939 | $267,450 | $339,433 |
| 48154 | Livonia, MI 48154 | 9.2 mi | 48 | $16,860,288 | $349,900 | $351,256 |
| 48323 | West Bloomfield, MI 48323 | 10.2 mi | 49 | $44,549,967 | $640,000 | $909,183 |
| 48150 | Livonia, MI 48150 | 10.5 mi | 46 | $13,643,600 | $287,000 | $296,600 |
| 48185 | Westland, MI 48185 | 11.7 mi | 73 | $17,850,398 | $239,900 | $244,526 |
As of January 2026, there are 15 active listings in NOVI, MI (zip code 48374), compared to 22 the prior year.
The median listing price in NOVI, MI 48374 is $749,500 as of January 2026, a 0.6% increase from $744,975 the prior year.
Homes in NOVI, MI 48374 spend an average of 57 days on the market before going under contract, compared to 47 days the prior year.
Based on current inventory and days-on-market data as of January 2026, NOVI, MI 48374 is currently a Balanced Market. Inventory has tightened compared to last year, with 7 fewer active listings — creating more competition among buyers. Homes are taking longer to sell, averaging 57 days on market compared to 47 days last year.
With SELL123.com's maximum 3% commission, sellers in NOVI, MI 48374 save an estimated $14,990 compared to a typical 5% commission on the median listing price of $749,500. Our fee structure: 1% listing + 2% selling broker — no additional buyer or seller fees. Call (240) SELL-123 or email info@SELL123.com for a free consultation.