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Novi, MI Real Estate & Property Data

Last Updated: September 06, 2025

Accurate and comprehensive real estate data is critical for insight into Novi, MI. ATTOM’s Novi real estate data is updated daily, and current market trends show that in Novi, MI a total of 650 residential properties have sold over the past year. With a median home price of $515,000 in Novi and a total of 4 foreclosures. Get detailed property data for Novi, MI instantly. ATTOM is your one-stop-shop for the Novi property reports and real estate data you need in Novi, MI.

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Total Residential Properties 17,694

Total Commercial Properties 867

Avg. Home Age (Single Family Home) 41 Years

Avg. Square Feet (Single Family Home) 2,386

Total 2025 Residential Sales (year-to-date) 269

% of Homes Seriously Underwater (Q3 2025) 0.8%

Total 2024 Residential Sales 597

% of Equity Rich Homes (Q3 2025) 48.65%

Effective 2024 Property Tax 1.13%

Total Foreclosure Filings (year-to-date) 24

Novi, MI Real Estate Overview

There were 650 residential properties sold in the past year in Novi, MI. The median home value in Novi, MI is $528,709. There are a total of 17,694 residential properties in the Novi.

Median Sales Price i

$515,000

(Jun 2025)

-17.3%

year-over-year

y-o-y

List Graph

1 year 3 years

5 years

June '25 Jun '25 $515,000
May '25 May '25 $550,000
April '25 Apr '25 $585,000
March '25 Mar '25 $640,000
February '25 Feb '25 $542,500
January '25 Jan '25 $410,000
December '24 Dec '24 $435,000
November '24 Nov '24 $420,000
October '24 Oct '24 $510,000
September '24 Sep '24 $531,750
August '24 Aug '24 $593,000
July '24 Jul '24 $499,000

Median Down Payment i

$63,975

(Jun 2025)

-47.6%

year-over-year

y-o-y

List Graph

1 year 3 years

5 years

June '25 Jun '25 $63,975
May '25 May '25 $70,000
April '25 Apr '25 $56,725
March '25 Mar '25 $85,150
February '25 Feb '25 $105,000
January '25 Jan '25 $51,250
December '24 Dec '24 $101,000
November '24 Nov '24 $64,125
October '24 Oct '24 $114,125
September '24 Sep '24 $116,100
August '24 Aug '24 $131,750
July '24 Jul '24 $56,620

Number of Homes Sold i

(Jun 2025)

+18.9%

year-over-year

y-o-y

List Graph

1 year 3 years

5 years

June '25 Jun '25 63
May '25 May '25 42
April '25 Apr '25 44
March '25 Mar '25 40
February '25 Feb '25 38
January '25 Jan '25 42
December '24 Dec '24 32
November '24 Nov '24 55
October '24 Oct '24 72
September '24 Sep '24 51
August '24 Aug '24 61
July '24 Jul '24 57

Number of Purchase Loans i

(Jun 2025)

+22%

year-over-year

y-o-y

List Graph

1 year 3 years

5 years

June '25 Jun '25 50
May '25 May '25 33
April '25 Apr '25 37
March '25 Mar '25 34
February '25 Feb '25 27
January '25 Jan '25 37
December '24 Dec '24 31
November '24 Nov '24 47
October '24 Oct '24 53
September '24 Sep '24 46
August '24 Aug '24 53
July '24 Jul '24 43

Number of REFI Loans i

(Jun 2025)

+181.8%

year-over-year

y-o-y

List Graph

1 year 3 years

5 years

June '25 Jun '25 31
May '25 May '25 30
April '25 Apr '25 28
March '25 Mar '25 29
February '25 Feb '25 25
January '25 Jan '25 28
December '24 Dec '24 28
November '24 Nov '24 35
October '24 Oct '24 44
September '24 Sep '24 24
August '24 Aug '24 27
July '24 Jul '24 24

Number of HELOC Loans i

(Jun 2025)

+31.8%

year-over-year

y-o-y

List Graph

1 year 3 years

5 years

June '25 Jun '25 29
May '25 May '25 38
April '25 Apr '25 31
March '25 Mar '25 22
February '25 Feb '25 20
January '25 Jan '25 19
December '24 Dec '24 26
November '24 Nov '24 19
October '24 Oct '24 30
September '24 Sep '24 20
August '24 Aug '24 20
July '24 Jul '24 28

Novi, MI Real Estate Market Overview

Last 30 days

Zip

Median Est. Value
Zip

Median Est. Value
Zip

Median Est. Value

48374

$528,709 $221.61/sqft
48375

$458,691 $210.93/sqft
48377

$402,566 $182.88/sqft

Novi, MI Foreclosure Activity

There were a total of 4 Novi, MI properties with a foreclosure filing in June 2025. Lenders started the foreclosure process on 4 Novi, MI properties and repossessed 1 Novi, MI properties through completed foreclosures (REOs) in June 2025.

Total Foreclosure Filings i

(Jun 2025)

+100%

year-over-year

y-o-y

List Graph

1 year 3 years

5 years