Novi, MI—48377
Real Estate Data & Market Trends
Key Metrics at a Glance
Median Home Value
$373,000
2.2% YoY Growth
Household Income
$83,400
32.6% YoY Growth
Days on Market
57
14.0% Longer YoY
Home Price Forecast
1.8%
Median Rent
$2,330
1.2% YoY Growth
1-Bed Rent
$1,220
10.7% YoY Growth
2-Bed Rent
$2,100
0.0% YoY Growth
3-Bed Rent
$2,600
1.6% YoY Growth
Home Price Trends — Novi, MI
As of Nov '25, the median home price in Novi, MI is $373,000, 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 1.8%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $373,000 | 2.2% |
| Single Family | $488,000 | 2.7% |
| Condos | $343,000 | 2.1% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed |