Novi, MI—48374
Real Estate Data & Market Trends
Key Metrics at a Glance
Median Home Value
$685,000
3.3% YoY Growth
Household Income
$185,000
33.3% YoY Growth
Days on Market
14
5.0% Shorter YoY
Home Price Forecast
0.2%
Median Rent
$3,000
9.0% YoY Growth
1-Bed Rent
$1,920
N/A
2-Bed Rent
N/A
N/A
3-Bed Rent
$3,000
4.1% YoY Growth
Home Price Trends — Novi, MI
As of May '26, the median home price in Novi, MI is $685,000, with a year-over-year change of 3.3%. This indicates that home prices in Novi, MI are increasing. According to Zillow, the 1-year price projection is 0.2%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $685,000 | 3.3% |
| Single Family | $697,000 | 2.7% |
| Condos | $644,000 | 4.9% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed |