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Novi

Novi

Located in Oakland County

$596,705 Average Value
$242 Average Price per Sq Ft
14 Homes For Sale

The birthplace of the Novi Special

Michigan's city of Novi is an unassuming northwestern Detroit suburb of nearly 67,000 residents. Incorporated in 1969, the city's name is said to have been coined from the number six — or no. VI — toll gate along Grand River Road; and was later popularized by the creation of the 'Novi Special,' a 450-horsepower racing engine developed here in the early 1940s. Today, residents are reminded of their city's heritage each time they pass by the community's historic water tower — painted bright red and donning a massive yellow racecar, the white lettering reads "the birthplace of the Novi Special." “Novi features amazing restaurants, coffee shops and arts and crafts," says Monique Carter, real estate broker with EXP Realty. “There's always something to do.” The city is also home to a miniature R/C raceway track, stately parks, unique eateries and one of Michigan’s largest shopping malls, Twelve Oaks. Interstate 96 runs through the heart of Novi, and provides residents with direct access to downtown Detroit, about 29 miles away.

Novi locals can see the city's heritage each time they pass by the historic water tower.
Novi locals can see the city's heritage each time they pass by the historic water tower.
Gatsby's is a local watering hole with classic pub food in Novi.
Gatsby's is a local watering hole with classic pub food in Novi.
Novi is home to a miniature R/C raceway track open in the summer.
Novi is home to a miniature R/C raceway track open in the summer.
Novi is home to one of Michigan's largest shopping malls, Twelve Oaks.
Novi is home to one of Michigan's largest shopping malls, Twelve Oaks.
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A steadily growing housing market

Housing styles vary greatly across the city’s many different neighborhoods. Three- and four-bedroom homes are popular in neighborhoods like Mystic Forest, while condos can be found in neighborhoods like Island Lake. Popular home styles include Tudors and Cape Cods, and the city’s neighborhoods are plotted with wide streets that allow for easy street parking, which accompanies the area's many driveways. The city's median home price is $468,000, but prices can range from as low as $50,000 to upwards of $5 million depending on size, condition and location. For example, a manufactured home can sell for $50,000, while condo units tend to go for between $188,000 and $335,000, and single-family homes sell from the mid $400,000s to upwards of $800,000.

Tudor-style homes in Novi set the grand mood.
Tudor-style homes in Novi set the grand mood.
Novi is a growing city with new construction popping up throughout town.
Novi is a growing city with new construction popping up throughout town.
The city of Novi's housing styles vary greatly across the city’s neighborhoods.
The city of Novi's housing styles vary greatly across the city’s neighborhoods.
Some Novi locals live in Condos like Island Lake.
Some Novi locals live in Condos like Island Lake.
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Top employers, health care and transportation

Novi’s top employers include the Ascension Providence Health Center, which provides the city with more than 2,200 jobs, and the Novi Community School District, which employs roughly 900 staff members. Ascension is a Level II trauma center, a comprehensive stroke center and is also nationally recognized for its work in treating various forms of cancer. The health system sits less than a quarter-of-a-mile south of Interstate 96, which runs through the north end of the city, and Michigan’s Smart bus system provides residents with public transit routes throughout the city. The interstate connects to other highways around the Detroit metro region and puts downtown Detroit less than 30 miles away. When traveling longer distances, the Detroit Metropolitan Wayne County Airport is 27 miles away.

Walled Lake and Novi parks

Situated on the outskirts of the Detroit metro area, Novi has an abundance of parks and green spaces. The city shares a border with Walled Lake, which gives residents a place to fish, swim or boat. The lake’s shores also host a collection of parks like Pavilion Shore Park, which provides paved trails, horseshoe pits and picnic areas. The rest of the city’s parks hold other amenities like a 150-seat amphitheater and a sculpture garden.

Novi shares a border with Walled Lake, which gives residents a place to fish, swim or boat.
Novi shares a border with Walled Lake, which gives residents a place to fish, swim or boat.
Novi has ample space to walk your dog.
Novi has ample space to walk your dog.
Bikers head to the local pump track and skills course to ride in Novi.
Bikers head to the local pump track and skills course to ride in Novi.
Novi is home to one of John Sauve's Sturm and Drang sculptures.
Novi is home to one of John Sauve's Sturm and Drang sculptures.
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Twelve Oaks Mall, shopping, dining and events

The city’s largest shopping and dining district is found near the intersection of Novi Road and Interstate 96. Just north of the interstate, the Twelve Oaks Mall is one of the state’s largest shopping centers. The mall, Carter says, is popular in the city and is home to more than 180 stores and a myriad of restaurants. The city also offers a full calendar of seasonal events for residents to enjoy. Carnival-themed Spring Palooza brings residents and city officials together for a day of food and fun. While Novi’s convention center, the Suburban Collection Showplace, hosts large scale events like the Michigan State Fair, Motor City Comic Con and the Michigan Women’s Expo. Roughly 25 miles away, the Pine Knob Music Theatre attracts bands from all over the world. Comerica Park, 28 miles away, is home to the Detroit Tigers Major League Baseball team.

The Twelve Oaks water tower can be seen from all across Novi.
The Twelve Oaks water tower can be seen from all across Novi.
Sip on a freshly poured cup of coffee at Novi's Coney Island.
Sip on a freshly poured cup of coffee at Novi's Coney Island.
Locals head to Famous Dave's Restaurant in Novi for award-winning barbecue.
Locals head to Famous Dave's Restaurant in Novi for award-winning barbecue.
In Novi, The Suburban Collection Showplace is home to the Michigan State Fair.
In Novi, The Suburban Collection Showplace is home to the Michigan State Fair.
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Novi Community School District

Novi’s students are served by four school districts: Novi Community School District, Northville Public Schools, the Walled Lake Consolidated School District and South Lyon Community Schools. The city’s largest district is the Novi Community School District, named by Niche as the No. 1 school district in Michigan. The district earns an overall A-plus on Niche and offers 185 activities, clubs and athletic teams, 22 AP courses 15 International Baccalaureate courses. Novi is also home to Michigan State University's 160-acre farmstead campus, known as the Tollgate Farm and Education Center.

Novi is also home to Michigan State University's 160-acre farmstead campus.
Novi is also home to Michigan State University's 160-acre farmstead campus.
Students are challenged to excel at Novi Middle School.
Students are challenged to excel at Novi Middle School.
Novi High School offers students a dynamic learning environment.
Novi High School offers students a dynamic learning environment.
Novi Woods Elementary School strives to foster a safe environment for its students.
Novi Woods Elementary School strives to foster a safe environment for its students.
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Weather trends, environmental and crime risks

The weather in Novi is much like the rest of East Michigan, with warm summers and often brutally cold winters. The lake effect brings frequent snow to the region during winter, as well as sharp winds and temperatures commonly below freezing. The crime rate in Novi is about 50% lower than those for the state of Michigan.

Konrad Solberg
Written By
Konrad Solberg
Scottie Davison
Photography Contributed By
Scottie Davison
Maurice Boone
Video By
Maurice Boone

Interested in learning more about homes in this area? Reach out to Logan Smith, an experienced agent in this area.

Agents Specializing in this Area

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Schools

Source:
GreatSchools: The GreatSchools Rating helps parents compare schools within a state based on a variety of school quality indicators and provides a helpful picture of how effectively each school serves all of its students. Ratings are on a scale of 1 (below average) to 10 (above average) and can include test scores, college readiness, academic progress, advanced courses, equity, discipline and attendance data. We also advise parents to visit schools, consider other information on school performance and programs, and consider family needs as part of the school selection process. View GreatSchools Rating Methodology

Novi Housing Trends

Housing Trends

Median List Price
$575,000
Median Sale Price
$583,315
Median Single Family Sale Price
$952,000
Median Townhouse Sale Price
$560,990
Median 2 Bedroom Sale Price
$220,000
Median Change From 1st List Price
3%
Last 12 months Home Sales
143
Median Home Sale Price YoY Change
14%
Average Price Per Sq Ft
$242

Neighborhood Facts

Number of Homes in Neighborhood
8,550
Number of Homes for Sale
14
Median Year Built
2014
Months of Supply
1.20
Average Single Family Home Size Sq Ft
2,857
Significantly above the national average
1,924
Average Townhouse Size Sq Ft
1,990
Average 2 Bedroom Size Sq Ft
1,527
Average 1 Bedroom Size Sq Ft
742
Median Lot Size Sq Ft
12,632

Open Houses

  • Thursday, Jul 31
    5 - 7pm

    42787 Cardinal Way, Novi, MI 48375

    $675,000

    • 3 Beds
    • 2.5 Baths
    • 2,608 Sq Ft
    • 42787 Cardinal Way
    • New 1 day ago

    Nestled in Novi’s prestigious Ridgeview community, this end unit luxury villa has an open floor plan with beautiful HW flooring. The great room has a fireplace and opens into the formal dining area and leads to a spectacular gourmet kitchen that features spacious cabinetry, a large island, upper and lower kitchen cabinet lightning, and a sit-in area. In 2023 the refrigerator and washer/dryer

    Agent Photo
    Terri O'Brien
    Century 21 Curran & Oberski
    (248) 781-2572
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  • Saturday, Aug 2
    2 - 4pm

    47302 Butler Ln Unit 39, Novi, MI 48374

    $619,999

    • 4 Beds
    • 2.5 Baths
    • 2,514 Sq Ft
    • 47302 Butler Ln
    • Unit 39
    • New 3 days ago

    Open house: Sat 08/02, From 2:00 PM to 4:00 PM.Beautifully Upgraded 4-Bedroom Home in Top-Rated Novi School DistrictNestled in the highly sought-after Novi School District, this spacious 4-bedroom, 3-bathroom home offers a perfect blend of comfort, style, and modern upgrades. Situated in a prime location, this home has been meticulously maintained and thoughtfully renovated over

    Yuan Liang Bluesky Realty Experts

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  • Sunday, Aug 3
    1 - 3pm

    25842 Sierra Dr, Novi, MI 48374

    $495,000

    • 4 Beds
    • 1.5 Baths
    • 2,578 Sq Ft
    • 25842 Sierra Dr
    • New 1 day ago

    Welcome to 25842 Sierra Dr, west facing 4 bedroom colonial in highly sought out Pioneer Meadows! This beautiful & spacious home with over 2500 sq ft. of living space is one of a kind. Up-north country living feel located in the heart of Novi, just down the street from Henry Ford Providence hospital, shopping, expressways, new splash pad and schools, highly acclaimed Novi Community School

    Michael Stefaniak Keller Williams Advantage

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Homes for Sale

Homes for Rent

Distribution of Home Values

Source: Public Records

Average Home Value





Source: Public Records

Property Mix - Square Feet

Novi Has More Owners

Demographics

Total Population
66,291
Median Age
42
Population under 18
23.8%
On par with the national average
23.8%
Population over 65
18%
On par with the national average
19.1%

Finances

Median Household Income
$106,393
Significantly above the national average
$71,702
Average Household Income
$135,228

Education and Workforce

High School Graduates
97.2%
College Graduates
61.7%
Significantly above the national average
34.1%
Advanced Degrees
28.5%
Above the national average
13.3%
% Population in Labor Force
70.3%

Weather

Annual Precipitation
34''
Average Winter Low Temperature
18°F
Average Summer High Temperature
82°F
Annual Snowfall
31''

Area Factors

Somewhat Bikeable

Bike Score®®

29 / 100

Car-Dependent

Walk Score®®

19 / 100
Source: Walk Score
Source: Walk Score

Walk Score® measures the walkability of any address. Transit Score® measures access to public transit. Bike Score® measures the bikeability of any address. CAP Index provides objective, accurate, and consistent data to help measure, compare, and mitigate crime risks.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. Our sources include: Accuweather, Public Records and Neustar. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
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