Novi, MI 48375 Real Estate & Property Data

Novi, MI 48375 Real Estate Market Trends
Last Updated: September 06, 2025

A total of 300 residential properties have been sold over the past 12 months in 48375. With a median sales price of $477,500 in 48375 and a total of 3 foreclosures in Novi, MI 48375. Discover market trends and get the granular level real estate data for Novi, MI 48375 to keep your pulse on the housing market. Curate compelling home reports for Novi, MI 48375 from reliable property records is easy using the ATTOM platform as a source for state-of-the-art property reports.

Novi, MI 48375 Real Estate Market Trends
Total Residential Properties 7,418
Total Commercial Properties 431
Avg. Home Age (Single Family Home) 44 Years
Avg. Square Feet (Single Family Home) 2,175
Total 2025 Residential Sales (year-to-date) 142
% of Homes Seriously Underwater (Q3 2025) 0.73%
Total 2024 Residential Sales 263
% of Equity Rich Homes (Q3 2025) 50.31%
Effective 2024 Property Tax 1.1%
Total Foreclosure Filings (year-to-date) 14
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Novi, MI 48375 Real Estate Overview

There were 300 residential properties sold in the past year in Novi, MI 48375. The median home value in Novi, MI 48375 is $458,691. There are a total of 7,418 residential properties in the 48375.

Median Sales Price i
$477,500
(Jun 2025)
-13.5%
year-over-year
y-o-y
  • June '25 Jun '25 $477,500
  • May '25 May '25 $484,450
  • April '25 Apr '25 $445,500
  • March '25 Mar '25 $475,000
  • February '25 Feb '25 $440,000
  • January '25 Jan '25 $402,000
  • December '24 Dec '24 $376,250
  • November '24 Nov '24 $376,950
  • October '24 Oct '24 $387,500
  • September '24 Sep '24 $455,000
  • August '24 Aug '24 $490,000
  • July '24 Jul '24 $483,000
Median Down Payment i
$46,375
(Jun 2025)
-47%
year-over-year
y-o-y
  • June '25 Jun '25 $46,375
  • May '25 May '25 $93,000
  • April '25 Apr '25 $48,000
  • March '25 Mar '25 $108,000
  • February '25 Feb '25 $96,500
  • January '25 Jan '25 $20,100
  • December '24 Dec '24 $59,962
  • November '24 Nov '24 $42,000
  • October '24 Oct '24 $49,000
  • September '24 Sep '24 $61,500
  • August '24 Aug '24 $102,770
  • July '24 Jul '24 $60,850
Number of Homes Sold i
30
(Jun 2025)
+30.4%
year-over-year
y-o-y
  • June '25 Jun '25 30
  • May '25 May '25 22
  • April '25 Apr '25 25
  • March '25 Mar '25 23
  • February '25 Feb '25 18
  • January '25 Jan '25 24
  • December '24 Dec '24 12
  • November '24 Nov '24 23
  • October '24 Oct '24 28
  • September '24 Sep '24 21
  • August '24 Aug '24 29
  • July '24 Jul '24 22
Number of Purchase Loans i
25
(Jun 2025)
+66.7%
year-over-year
y-o-y
  • June '25 Jun '25 25
  • May '25 May '25 21
  • April '25 Apr '25 22
  • March '25 Mar '25 20
  • February '25 Feb '25 13
  • January '25 Jan '25 20
  • December '24 Dec '24 9
  • November '24 Nov '24 20
  • October '24 Oct '24 18
  • September '24 Sep '24 19
  • August '24 Aug '24 28
  • July '24 Jul '24 17
Number of REFI Loans i
17
(Jun 2025)
+112.5%
year-over-year
y-o-y
  • June '25 Jun '25 17
  • May '25 May '25 14
  • April '25 Apr '25 13
  • March '25 Mar '25 14
  • February '25 Feb '25 11
  • January '25 Jan '25 7
  • December '24 Dec '24 13
  • November '24 Nov '24 16
  • October '24 Oct '24 23
  • September '24 Sep '24 7
  • August '24 Aug '24 15
  • July '24 Jul '24 11
Number of HELOC Loans i
9
(Jun 2025)
+28.6%
year-over-year
y-o-y
  • June '25 Jun '25 9
  • May '25 May '25 22
  • April '25 Apr '25 12
  • March '25 Mar '25 9
  • February '25 Feb '25 9
  • January '25 Jan '25 8
  • December '24 Dec '24 7
  • November '24 Nov '24 6
  • October '24 Oct '24 15
  • September '24 Sep '24 9
  • August '24 Aug '24 6
  • July '24 Jul '24 6

Novi, MI 48375 Foreclosure Activity

There were a total of 3 Novi, MI 48375 properties with a foreclosure filing in June 2025.

Total Foreclosure Filings i
3
(Jun 2025)
+50%
year-over-year
y-o-y
  • June '25 Jun '25 3
  • May '25 May '25 1
  • April '25 Apr '25 3
  • March '25 Mar '25 3
  • February '25 Feb '25 3
  • January '25 Jan '25 1
  • December '24 Dec '24 N/A
  • November '24 Nov '24 4
  • October '24 Oct '24 3
  • September '24 Sep '24 N/A
  • August '24 Aug '24 1
  • July '24 Jul '24 2
Foreclosure Starts i
3
(Jun 2025)
+50%
year-over-year
y-o-y
  • June '25 Jun '25 3
  • May '25 May '25 1
  • April '25 Apr '25 3
  • March '25 Mar '25 3
  • February '25 Feb '25 3
  • January '25 Jan '25 1
  • December '24 Dec '24 N/A
  • November '24 Nov '24 4
  • October '24 Oct '24 3
  • September '24 Sep '24 N/A
  • August '24 Aug '24 1
  • July '24 Jul '24 2
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