Novi, MI—48375
Real Estate Data & Market Trends
Key Metrics at a Glance
Median Home Value
$387,000
2.4% YoY Growth
Household Income
$113,000
18.1% YoY Growth
Days on Market
35
9.0% Shorter YoY
Home Price Forecast
2.1%
Median Rent
$2,300
0.8% YoY Growth
1-Bed Rent
$1,470
37.7% YoY Growth
2-Bed Rent
$1,850
6.8% YoY Growth
3-Bed Rent
$3,100
5.7% YoY Growth
Home Price Trends — Novi, MI
As of Nov '25, the median home price in Novi, MI is $387,000, with a year-over-year change of 2.4%. 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 | $387,000 | 2.4% |
| Single Family | $449,000 | 2.7% |
| Condos | $216,000 | 0.5% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed |