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NOVI, MI 48374

Real Estate Market Report
Balanced Market
June 2026  ·  Source: Realtor.com

Market Analysis

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

The NOVI, MI real estate market (48374) currently shows 50 active listings, with 30 pending sales. Homes are averaging 14 days on the market before going under contract.

Inventory has increased compared to last year, with 12 more homes available — giving buyers more choice.

Homes are selling faster, averaging 14 days on market compared to 25 days last year.

The median listing price has risen 27.1% year-over-year, from $653,075 to $829,950.

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.

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Market Context

Market Context

Population: 18,125  ·  Density: 771.3/mi²  ·  Median household income: $179,940

Typical home value: $534,616  ·  Homeownership: 89.8%

Market Overview

Active Listings
50
⇧ 31.6% vs 38 last year
Pending
30
60% pending ratio
Median Price
$829,950
⇧ 27.1% vs $653,075 last year
Average Price
$930,458
⇧ 27% vs $732,771 last year
Days on Market
14
⇩ 44% vs 25 days last year

Price Per Square Foot

Median $/sqft
$263
⇧ 1.5% vs $259/sqft last year
Median Home Size
3,034 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 50 this year vs 38 last year
  • Days on market: 14 now vs 25 last year

Median & Average Pricing

Year over Year
  • Median: $829,950 (+27.1% YoY)
  • Average: $930,458 (+27% YoY)

12-Month Price Trend

Median & Average
  • Median and average listing prices over the past 12 months

12-Month Inventory Trend

Active & Pending
  • Active and pending listing counts over the past 12 months

Historical Trend Charts

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

Nearby Real Estate Markets

Median Price Legend:
< $250K
$250K–$500K
$500K–$1M
$1M–$2M
> $2M
25 Nearby Zip Code Markets within 11.7 miles — 731 listings ($376,626,127 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
48374Novi, MI 483740.0 mi19$15,823,295$699,250$832,805
48375Novi, MI 483753.1 mi45$18,868,185$453,750$419,293
48393Wixom, MI 483933.7 mi38$15,597,518$360,000$410,461
48165New Hudson, MI 481655.1 mi41$19,192,264$539,950$468,104
48335Farmington, MI 483356.2 mi29$12,318,823$349,500$424,787
48170Plymouth, MI 481707.1 mi87$63,318,426$524,950$727,798
48178South Lyon, MI 481787.4 mi124$68,059,756$472,040$548,869
48382Commerce Township, MI 483828.3 mi72$52,358,040$649,500$727,195
48336Farmington, MI 483369.0 mi76$26,961,532$294,250$354,757
48154Livonia, MI 481549.2 mi39$13,220,610$334,800$338,990
48323West Bloomfield, MI 4832310.2 mi43$40,718,248$719,700$946,936
48150Livonia, MI 4815010.5 mi36$10,555,596$289,950$293,211
48185Westland, MI 4818511.7 mi82$19,633,834$229,900$239,437

Frequently Asked Questions

How many homes are for sale in NOVI, MI 48374?

As of June 2026, there are 50 active listings in NOVI, MI (zip code 48374), compared to 38 the prior year.

What is the median home price in NOVI, MI 48374?

The median listing price in NOVI, MI 48374 is $829,950 as of June 2026, a 27.1% increase from $653,075 the prior year.

How long do homes stay on the market in NOVI, MI?

Homes in NOVI, MI 48374 spend an average of 14 days on the market before going under contract, compared to 25 days the prior year.

Is it a seller's or buyer's market in NOVI, MI 48374?

Based on current inventory and days-on-market data as of June 2026, NOVI, MI 48374 is currently a Balanced Market. Inventory has increased compared to last year, with 12 more homes available — giving buyers more choice. Homes are selling faster, averaging 14 days on market compared to 25 days last year.

How much can I save on real estate commission in NOVI, MI?

With SELL123.com's maximum 3% commission, sellers in NOVI, MI 48374 save an estimated $16,599 compared to a typical 5% commission on the median listing price of $829,950. 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.