Novi, MI—48374
Real Estate Data & Market Trends
Key Metrics at a Glance
Median Home Value
$655,000
2.2% YoY Growth
Household Income
$185,000
33.3% YoY Growth
Days on Market
39
23.0% Shorter YoY
Home Price Forecast
2.1%
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 Nov '25, the median home price in Novi, MI is $655,000, with a year-over-year change of 2.2%. This indicates that home prices in Novi, MI are increasing. According to Zillow, the 1-year price projection is 2.1%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $655,000 | 2.2% |
| Single Family | $664,000 | 1.7% |
| Condos | $623,000 | 5.1% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed |