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NOVI, MI 48377

Real Estate Market Report  ·  Oakland County
Seller's Market
June 2026  ·  Source: Realtor.com

Market Analysis

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

The NOVI, MI real estate market (48377) currently shows 41 active listings, with 13 pending sales. Homes are averaging 28 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 selling faster, averaging 28 days on market compared to 31 days last year.

The median listing price has fallen 31.9% year-over-year, from $493,750 to $336,000.

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

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

Market Overview

Active Listings
41
⇩ 4.7% vs 43 last year
Pending
13
32% pending ratio
Median Price
$336,000
⇩ 31.9% vs $493,750 last year
Average Price
$481,082
⇩ 11.1% vs $541,043 last year
Days on Market
28
⇩ 9.7% vs 31 days last year

Price Per Square Foot

Median $/sqft
$238
⇧ 1.7% vs $234/sqft last year
Median Home Size
1,534 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 41 this year vs 43 last year
  • Days on market: 28 now vs 31 last year

Median & Average Pricing

Year over Year
  • Median: $336,000 (-31.9% YoY)
  • Average: $481,082 (-11.1% 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 10.1 miles — 632 listings ($424,500,638 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
48377Novi, MI 483770.0 mi16$7,722,624$353,500$482,664
48390Walled Lake, MI 483903.1 mi75$31,411,875$347,438$418,825
48374Novi, MI 483743.6 mi19$15,823,295$699,250$832,805
48335Farmington, MI 483354.7 mi29$12,318,823$349,500$424,787
48167Northville, MI 481675.8 mi88$99,746,680$832,450$1,133,485
48334Farmington, MI 483346.3 mi47$17,157,162$314,675$365,046
48336Farmington, MI 483367.0 mi76$26,961,532$294,250$354,757
48165New Hudson, MI 481657.3 mi41$19,192,264$539,950$468,104
48324West Bloomfield, MI 483247.5 mi40$43,719,200$548,725$1,092,980
48154Livonia, MI 481549.1 mi39$13,220,610$334,800$338,990
48033Southfield, MI 480339.8 mi38$8,502,766$206,250$223,757
48301Bloomfield Hills, MI 4830110.0 mi37$65,405,381$1,399,750$1,767,713
48170Plymouth, MI 4817010.1 mi87$63,318,426$524,950$727,798

Frequently Asked Questions

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

As of June 2026, there are 41 active listings in NOVI, MI (zip code 48377), compared to 43 the prior year.

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

The median listing price in NOVI, MI 48377 is $336,000 as of June 2026, a 31.9% decrease from $493,750 the prior year.

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

Homes in NOVI, MI 48377 spend an average of 28 days on the market before going under contract, compared to 31 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 June 2026, NOVI, MI 48377 is currently a Seller's Market. Inventory has tightened compared to last year, with 2 fewer active listings — creating more competition among buyers. Homes are selling faster, averaging 28 days on market compared to 31 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 $6,720 compared to a typical 5% commission on the median listing price of $336,000. 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.