Novi, MI 48374 Real Estate & Property Data

Novi, MI 48374 Real Estate Market Trends
Last Updated: September 06, 2025

A total of 180 residential properties have been sold over the past 12 months in 48374. With a median sales price of $730,000 in 48374. Discover market trends and get the granular level real estate data for Novi, MI 48374 to keep your pulse on the housing market. Curate compelling home reports for Novi, MI 48374 from reliable property records is easy using the ATTOM platform as a source for state-of-the-art property reports.

Novi, MI 48374 Real Estate Market Trends
Total Residential Properties 5,258
Total Commercial Properties 115
Avg. Home Age (Single Family Home) 34 Years
Avg. Square Feet (Single Family Home) 2,831
Total 2025 Residential Sales (year-to-date) 60
% of Homes Seriously Underwater (Q3 2025) 0.8%
Total 2024 Residential Sales 166
% of Equity Rich Homes (Q3 2025) 55.88%
Effective 2024 Property Tax 1.15%
Total Foreclosure Filings (year-to-date) 3
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Novi, MI 48374 Real Estate Overview

There were 180 residential properties sold in the past year in Novi, MI 48374. The median home value in Novi, MI 48374 is $724,337. There are a total of 5,258 residential properties in the 48374.

Median Sales Price i
$730,000
(Jun 2025)
+5.8%
year-over-year
y-o-y
  • June '25 Jun '25 $730,000
  • May '25 May '25 $759,000
  • April '25 Apr '25 $673,250
  • March '25 Mar '25 $696,000
  • February '25 Feb '25 $727,000
  • January '25 Jan '25 $530,000
  • December '24 Dec '24 $502,500
  • November '24 Nov '24 $649,900
  • October '24 Oct '24 $612,500
  • September '24 Sep '24 $700,000
  • August '24 Aug '24 $835,000
  • July '24 Jul '24 $613,500
Median Down Payment i
$95,100
(Jun 2025)
-42.4%
year-over-year
y-o-y
  • June '25 Jun '25 $95,100
  • May '25 May '25 $161,600
  • April '25 Apr '25 $219,000
  • March '25 Mar '25 $62,300
  • February '25 Feb '25 $195,500
  • January '25 Jan '25 $150,000
  • December '24 Dec '24 $114,250
  • November '24 Nov '24 $101,250
  • October '24 Oct '24 $102,000
  • September '24 Sep '24 $149,500
  • August '24 Aug '24 $250,500
  • July '24 Jul '24 $62,560
Number of Homes Sold i
18
(Jun 2025)
year-over-year
y-o-y
  • June '25 Jun '25 18
  • May '25 May '25 5
  • April '25 Apr '25 10
  • March '25 Mar '25 8
  • February '25 Feb '25 12
  • January '25 Jan '25 7
  • December '24 Dec '24 15
  • November '24 Nov '24 19
  • October '24 Oct '24 19
  • September '24 Sep '24 17
  • August '24 Aug '24 18
  • July '24 Jul '24 14
Number of Purchase Loans i
14
(Jun 2025)
-12.5%
year-over-year
y-o-y
  • June '25 Jun '25 14
  • May '25 May '25 4
  • April '25 Apr '25 7
  • March '25 Mar '25 6
  • February '25 Feb '25 9
  • January '25 Jan '25 6
  • December '24 Dec '24 15
  • November '24 Nov '24 15
  • October '24 Oct '24 17
  • September '24 Sep '24 18
  • August '24 Aug '24 14
  • July '24 Jul '24 13
Number of REFI Loans i
7
(Jun 2025)
+600%
year-over-year
y-o-y
  • June '25 Jun '25 7
  • May '25 May '25 6
  • April '25 Apr '25 9
  • March '25 Mar '25 9
  • February '25 Feb '25 9
  • January '25 Jan '25 12
  • December '24 Dec '24 8
  • November '24 Nov '24 10
  • October '24 Oct '24 12
  • September '24 Sep '24 7
  • August '24 Aug '24 6
  • July '24 Jul '24 9
Number of HELOC Loans i
13
(Jun 2025)
+62.5%
year-over-year
y-o-y
  • June '25 Jun '25 13
  • May '25 May '25 10
  • April '25 Apr '25 8
  • March '25 Mar '25 6
  • February '25 Feb '25 5
  • January '25 Jan '25 5
  • December '24 Dec '24 12
  • November '24 Nov '24 8
  • October '24 Oct '24 12
  • September '24 Sep '24 6
  • August '24 Aug '24 10
  • July '24 Jul '24 12

Novi, MI 48374 Foreclosure Activity

Total Foreclosure Filings i
  • June '25 Jun '25 N/A
  • May '25 May '25 N/A
  • April '25 Apr '25 1
  • March '25 Mar '25 1
  • February '25 Feb '25 1
  • January '25 Jan '25 N/A
  • December '24 Dec '24 N/A
  • November '24 Nov '24 1
  • October '24 Oct '24 N/A
  • September '24 Sep '24 N/A
  • August '24 Aug '24 N/A
  • July '24 Jul '24 N/A
Foreclosure Starts i
  • June '25 Jun '25 N/A
  • May '25 May '25 N/A
  • April '25 Apr '25 1
  • March '25 Mar '25 1
  • February '25 Feb '25 1
  • January '25 Jan '25 N/A
  • December '24 Dec '24 N/A
  • November '24 Nov '24 1
  • October '24 Oct '24 N/A
  • September '24 Sep '24 N/A
  • August '24 Aug '24 N/A
  • July '24 Jul '24 N/A
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