Novi, MI Real Estate Market Summary – September 8, 2026
In Novi, MI, the real estate market has seen a total of 68 homes sold in the last 30 days. On average, homes have an average living area of approximately 2,680 square feet and sold for an average price of $524,926. The average home was built in 1990 and spent around 18 days on the market before being sold.
| Metric | 30 Days |
|---|---|
| Number Sold | 68 |
| Sold Per Day | 2.27 |
| Average SQFT | 2680 |
| Median Sales Price | $434,950 |
| Average Sales Price | $524,926 |
| Average Price Per SQFT | $204 |
| Average Days on Market | 18 |
| Average Year Built | 1990 |
Novi, MI Single Family Home Analysis
For single-family homes, 40 units were sold recently. These homes typically have an average living area of about 3,170 square feet and an average selling price of $646,540. Homes in this category had an average market time of approximately 18 days.
| Metric | 30 Days |
|---|---|
| Number Sold | 40 |
| Sold Per Day | 1.33 |
| Average SQFT | 3170 |
| Median Sales Price | $597,500 |
| Average Sales Price | $646,540 |
| Average Price Per SQFT | $217 |
| Average Days on Market | 18 |
| Average Year Built | 1987 |
Novi, MI Condo & Townhome Analysis
In the condo and townhome segment, 28 properties were sold. The average living area for these homes is approximately 1,885 square feet, with an average selling price of $351,193. These units generally spent about 19 days on the market before being sold.
| Metric | 30 Days |
|---|---|
| Number Sold | 28 |
| Sold Per Day | 1 every 1.07 days |
| Average SQFT | 1885 |
| Median Sales Price | $335,000 |
| Average Sales Price | $351,193 |
| Average Price Per SQFT | $185 |
| Average Days on Market | 19 |
| Average Year Built | 1995 |
Buyer & Seller Analysis
- The market saw 68 homes sold over the past month.
- On average, homes were on the market for about 18 days.
- The average price of homes sold was $524,926.
- Active listings are not covered in this report.
Conclusion
Overall, the Novi real estate market shows consistent activity with a variety of properties available. The average selling prices across different segments indicate a diverse market catering to various buyer needs.