Why Live in Novi
Novi, Michigan, a northwestern suburb of Detroit, is home to nearly 67,000 residents. Known for its historical connection to the 'Novi Special' racing engine, the city features a distinctive water tower that commemorates this heritage. Novi offers a variety of things to do, including dining at unique eateries, shopping at one of Michigan’s largest malls, Twelve Oaks, and enjoying recreational activities at local parks and Walled Lake. The city is well-connected with Interstate 96 providing direct access to downtown Detroit, 29 miles away, and Detroit Metropolitan Wayne County Airport, 27 miles away. Housing styles in Novi range from Tudors and Cape Cods to condos, with neighborhoods like Mystic Forest and Island Lake offering different options. The Novi Community School District is highly rated, providing numerous extracurricular activities and advanced courses. Major employers include Ascension Providence Health Center and the school district itself. Residents benefit from low crime rates compared to the national average, and the city’s parks feature amenities such as paved trails, an amphitheater, and a sculpture garden. Seasonal events and large-scale gatherings at the Suburban Collection Showplace add to the community’s vibrant atmosphere.
Home Trends in Novi, MI
On average, homes in Novi, MI sell after 65 days on the market compared to the national average of 70 days. The median sale price for homes in Novi, MI over the last 12 months is $583,315, up 14% from the median home sale price over the previous 12 months.
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
Average Price Per Sq Ft
$242
Number of Homes for Sale
14
Last 12 months Home Sales
143
Median List Price
$575,000
Median Change From 1st List Price
3%
Median Home Sale Price YoY Change
14%