Novi, MI Real Estate & Property Data
Last Updated: April 27, 2024
Accurate and comprehensive real estate data is critical for insight into Novi, MI. ATTOM’s Novi real estate data is updated daily, and current market trends show that in Novi, MI a total of 604 residential properties have sold over the past year. With a median home price of $521,250 in Novi. Get detailed property data for Novi, MI instantly. ATTOM is your one-stop-shop for the Novi property reports and real estate data you need in Novi, MI.
Total Residential Properties 17,727
Total Commercial Properties 927
Avg. Home Age (Single Family Home) 40 Years
Avg. Square Feet (Single Family Home) 2,386
Total 2024 Residential Sales (year-to-date) 66
% of Homes Seriously Underwater (Q2 2024) 0.76%
Total 2023 Residential Sales 568
% of Equity Rich Homes (Q2 2024) 43.97%
Effective 2023 Property Tax 1.21%
Total Foreclosure Filings (year-to-date) 4
Novi, MI Real Estate Overview
There were 604 residential properties sold in the past year in Novi, MI. The median home value in Novi, MI is $457,098. There are a total of 17,727 residential properties in the Novi.
Median Sales Price i
$521,250
(Feb 2024)
-1.9%
year-over-year
y-o-y
- February '24 Feb '24 $521,250
- January '24 Jan '24 $557,000
- December '23 Dec '23 $585,000
- November '23 Nov '23 $416,000
- October '23 Oct '23 $490,000
- September '23 Sep '23 $540,000
- August '23 Aug '23 $550,500
- July '23 Jul '23 $590,000
- June '23 Jun '23 $490,000
- May '23 May '23 $425,000
- April '23 Apr '23 $485,000
- March '23 Mar '23 $518,625
Median Down Payment i
$35,000
(Feb 2024)
-31.7%
year-over-year
y-o-y
- February '24 Feb '24 $35,000
- January '24 Jan '24 $131,000
- December '23 Dec '23 $79,650
- November '23 Nov '23 $79,000
- October '23 Oct '23 $83,500
- September '23 Sep '23 $80,000
- August '23 Aug '23 $96,450
- July '23 Jul '23 $94,750
- June '23 Jun '23 $100,000
- May '23 May '23 $75,000
- April '23 Apr '23 $110,800
- March '23 Mar '23 $34,156
Number of Homes Sold i
40
(Feb 2024)
+33.3%
year-over-year
y-o-y
Number of Purchase Loans i
28
(Feb 2024)
+16.7%
year-over-year
y-o-y
Number of REFI Loans i
25
(Feb 2024)
+25%
year-over-year
y-o-y
Number of HELOC Loans i
10
(Feb 2024)
-58.3%
year-over-year
y-o-y
Novi, MI Foreclosure Activity
Total Foreclosure Filings i
Foreclosure Starts i
Completed Foreclosures (REOs) i
1
(Feb 2024)
- February '24 Feb '24 1
- January '24 Jan '24 N/A
- December '23 Dec '23 N/A
- November '23 Nov '23 N/A
- October '23 Oct '23 N/A
- September '23 Sep '23 N/A
- August '23 Aug '23 N/A
- July '23 Jul '23 N/A
- June '23 Jun '23 N/A
- May '23 May '23 N/A
- April '23 Apr '23 N/A
- March '23 Mar '23 N/A
Nearby Cities
- 1. Northville
- 2. Wixom
- 3. New Hudson
- 4. Farmington
- 5. Walled Lake
- 6. Plymouth
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