Population: 19,083 · Density: 767.1/mi² · Median household income: $78,433
Typical home value: $312,936 · Homeownership: 49.2%
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.
| Zip | City / State | Distance | Listings | Market Value | Median $ | Average $ |
|---|---|---|---|---|---|---|
| 48377 | Novi, MI 48377 | 0.0 mi | 20 | $10,065,740 | $368,750 | $503,287 |
| 48390 | Walled Lake, MI 48390 | 3.1 mi | 76 | $30,041,736 | $339,900 | $395,286 |
| 48374 | Novi, MI 48374 | 3.6 mi | 15 | $13,514,100 | $749,500 | $900,940 |
| 48335 | Farmington, MI 48335 | 4.7 mi | 28 | $10,743,124 | $344,900 | $383,683 |
| 48167 | Northville, MI 48167 | 5.8 mi | 73 | $62,887,091 | $625,000 | $861,467 |
| 48334 | Farmington, MI 48334 | 6.3 mi | 41 | $14,447,744 | $289,900 | $352,384 |
| 48336 | Farmington, MI 48336 | 7.0 mi | 83 | $28,172,939 | $267,450 | $339,433 |
| 48165 | New Hudson, MI 48165 | 7.3 mi | 43 | $20,674,916 | $574,990 | $480,812 |
| 48324 | West Bloomfield, MI 48324 | 7.5 mi | 43 | $47,021,790 | $395,000 | $1,093,530 |
| 48154 | Livonia, MI 48154 | 9.1 mi | 48 | $16,860,288 | $349,900 | $351,256 |
| 48033 | Southfield, MI 48033 | 9.8 mi | 39 | $9,338,433 | $217,500 | $239,447 |
| 48301 | Bloomfield Hills, MI 48301 | 10.0 mi | 33 | $51,350,607 | $1,162,000 | $1,556,079 |
| 48170 | Plymouth, MI 48170 | 10.1 mi | 86 | $61,700,700 | $535,000 | $717,450 |
As of January 2026, there are 20 active listings in NOVI, MI (zip code 48377), compared to 22 the prior year.
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.
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.
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.
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.