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NOVI, MI 48377

Real Estate Market Report  ·  Oakland County
Balanced Market
January 2026  ·  Source: Realtor.com

Market Overview

Active Listings
20
⇩ 9.1% vs 22 last year
Pending
7
35% pending ratio
Median Price
$368,750
⇩ 14.2% vs $429,900 last year
Average Price
$503,287
⇧ 8.2% vs $465,202 last year
Days on Market
69
⇧ 109.1% vs 33 days last year

Market Context

Population: 19,083  ·  Density: 767.1/mi²  ·  Median household income: $78,433

Typical home value: $312,936  ·  Homeownership: 49.2%

Market Analysis

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

The NOVI, MI real estate market (48377) currently shows 20 active listings, with 7 pending sales. Homes are averaging 69 days on the market before going under contract.

Inventory has tightened compared to last year, with 2 fewer active listings — creating more competition among buyers.

Homes are taking longer to sell, averaging 69 days on market compared to 33 days last year.

The median listing price has fallen 14.2% year-over-year, from $429,900 to $368,750.

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 Trends

Inventory & Days on Market

Year over Year
  • Listings: 20 this year vs 22 last year
  • Days on market: 69 now vs 33 last year

Median & Average Pricing

Year over Year
  • Median: $368,750 (-14.2% YoY)
  • Average: $503,287 (+8.2% 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

Nearby Real Estate Markets

Median Price Legend:
< $250K
$250K–$500K
$500K–$1M
$1M–$2M
> $2M
25 Nearby Zip Code Markets within 10.1 miles — 628 listings ($376,819,208 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
48377Novi, MI 483770.0 mi20$10,065,740$368,750$503,287
48390Walled Lake, MI 483903.1 mi76$30,041,736$339,900$395,286
48374Novi, MI 483743.6 mi15$13,514,100$749,500$900,940
48335Farmington, MI 483354.7 mi28$10,743,124$344,900$383,683
48167Northville, MI 481675.8 mi73$62,887,091$625,000$861,467
48334Farmington, MI 483346.3 mi41$14,447,744$289,900$352,384
48336Farmington, MI 483367.0 mi83$28,172,939$267,450$339,433
48165New Hudson, MI 481657.3 mi43$20,674,916$574,990$480,812
48324West Bloomfield, MI 483247.5 mi43$47,021,790$395,000$1,093,530
48154Livonia, MI 481549.1 mi48$16,860,288$349,900$351,256
48033Southfield, MI 480339.8 mi39$9,338,433$217,500$239,447
48301Bloomfield Hills, MI 4830110.0 mi33$51,350,607$1,162,000$1,556,079
48170Plymouth, MI 4817010.1 mi86$61,700,700$535,000$717,450

Frequently Asked Questions

How many homes are for sale in NOVI, MI 48377?

As of January 2026, there are 20 active listings in NOVI, MI (zip code 48377), compared to 22 the prior year.

What is the median home price in NOVI, MI 48377?

The median listing price in NOVI, MI 48377 is $368,750 as of January 2026, a 14.2% decrease from $429,900 the prior year.

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

Homes in NOVI, MI 48377 spend an average of 69 days on the market before going under contract, compared to 33 days the prior year.

Is it a seller's or buyer's market in NOVI, MI 48377?

Based on current inventory and days-on-market data as of January 2026, NOVI, MI 48377 is currently a Balanced Market. Inventory has tightened compared to last year, with 2 fewer active listings — creating more competition among buyers. Homes are taking longer to sell, averaging 69 days on market compared to 33 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 48377 save an estimated $7,375 compared to a typical 5% commission on the median listing price of $368,750. 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.