Novi, MI 48377 Real Estate & Property Data

Novi, MI 48377 Real Estate Market Trends
Last Updated: April 22, 2025

A total of 181 residential properties have been sold over the past 12 months in 48377. With a median sales price of $265,000 in 48377 and a total of 3 foreclosures in Novi, MI 48377. Discover market trends and get the granular level real estate data for Novi, MI 48377 to keep your pulse on the housing market. Curate compelling home reports for Novi, MI 48377 from reliable property records is easy using the ATTOM platform as a source for state-of-the-art property reports.

Novi, MI 48377 Real Estate Market Trends
Total Residential Properties 5,038
Total Commercial Properties 321
Avg. Home Age (Single Family Home) 42 Years
Avg. Square Feet (Single Family Home) 2,201
Total 2025 Residential Sales (year-to-date) 19
% of Homes Seriously Underwater (Q2 2025) 0.93%
Total 2024 Residential Sales 168
% of Equity Rich Homes (Q2 2025) 34.36%
Effective 2024 Property Tax 1.3%
Total Foreclosure Filings (year-to-date) 3
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Novi, MI 48377 Real Estate Overview

There were 181 residential properties sold in the past year in Novi, MI 48377. The median home value in Novi, MI 48377 is $377,140. There are a total of 5,038 residential properties in the 48377.

Median Sales Price i
$265,000
(Feb 2025)
  • February '25 Feb '25 $265,000
  • January '25 Jan '25 $565,000
  • December '24 Dec '24 $377,500
  • November '24 Nov '24 $235,000
  • October '24 Oct '24 $650,000
  • September '24 Sep '24 $480,000
  • August '24 Aug '24 $712,450
  • July '24 Jul '24 $425,000
  • June '24 Jun '24 $250,000
  • May '24 May '24 $512,925
  • April '24 Apr '24 $250,000
  • March '24 Mar '24 $755,000
Median Down Payment i
$7,950
(Feb 2025)
  • February '25 Feb '25 $7,950
  • January '25 Jan '25 $128,500
  • December '24 Dec '24 $18,875
  • November '24 Nov '24 $115,900
  • October '24 Oct '24 $140,000
  • September '24 Sep '24 $19,800
  • August '24 Aug '24 $210,000
  • July '24 Jul '24 $25,500
  • June '24 Jun '24 $60,000
  • May '24 May '24 $185,385
  • April '24 Apr '24 $33,782
  • March '24 Mar '24 N/A
Number of Homes Sold i
8
(Feb 2025)
year-over-year
y-o-y
  • February '25 Feb '25 8
  • January '25 Jan '25 11
  • December '24 Dec '24 5
  • November '24 Nov '24 13
  • October '24 Oct '24 25
  • September '24 Sep '24 13
  • August '24 Aug '24 14
  • July '24 Jul '24 21
  • June '24 Jun '24 12
  • May '24 May '24 24
  • April '24 Apr '24 16
  • March '24 Mar '24 11
Number of Purchase Loans i
5
(Feb 2025)
-37.5%
year-over-year
y-o-y
  • February '25 Feb '25 5
  • January '25 Jan '25 11
  • December '24 Dec '24 7
  • November '24 Nov '24 12
  • October '24 Oct '24 18
  • September '24 Sep '24 9
  • August '24 Aug '24 11
  • July '24 Jul '24 13
  • June '24 Jun '24 10
  • May '24 May '24 15
  • April '24 Apr '24 13
  • March '24 Mar '24 7
Number of REFI Loans i
5
(Feb 2025)
year-over-year
y-o-y
  • February '25 Feb '25 5
  • January '25 Jan '25 9
  • December '24 Dec '24 7
  • November '24 Nov '24 9
  • October '24 Oct '24 9
  • September '24 Sep '24 10
  • August '24 Aug '24 6
  • July '24 Jul '24 4
  • June '24 Jun '24 2
  • May '24 May '24 2
  • April '24 Apr '24 6
  • March '24 Mar '24 3
Number of HELOC Loans i
6
(Feb 2025)
+200%
year-over-year
y-o-y
  • February '25 Feb '25 6
  • January '25 Jan '25 6
  • December '24 Dec '24 7
  • November '24 Nov '24 5
  • October '24 Oct '24 3
  • September '24 Sep '24 5
  • August '24 Aug '24 4
  • July '24 Jul '24 10
  • June '24 Jun '24 7
  • May '24 May '24 3
  • April '24 Apr '24 3
  • March '24 Mar '24 3

Novi, MI 48377 Foreclosure Activity

There were a total of 3 Novi, MI 48377 properties with a foreclosure filing in February 2025.

Total Foreclosure Filings i
3
(Feb 2025)
  • February '25 Feb '25 3
  • January '25 Jan '25 N/A
  • December '24 Dec '24 N/A
  • November '24 Nov '24 1
  • October '24 Oct '24 1
  • September '24 Sep '24 4
  • August '24 Aug '24 1
  • July '24 Jul '24 1
  • June '24 Jun '24 N/A
  • May '24 May '24 2
  • April '24 Apr '24 N/A
  • March '24 Mar '24 1
Foreclosure Starts i
3
(Feb 2025)
  • February '25 Feb '25 3
  • January '25 Jan '25 N/A
  • December '24 Dec '24 N/A
  • November '24 Nov '24 1
  • October '24 Oct '24 1
  • September '24 Sep '24 4
  • August '24 Aug '24 1
  • July '24 Jul '24 1
  • June '24 Jun '24 N/A
  • May '24 May '24 2
  • April '24 Apr '24 N/A
  • March '24 Mar '24 1
Completed Foreclosures (REOs) i
  • February '25 Feb '25 N/A
  • January '25 Jan '25 N/A
  • December '24 Dec '24 N/A
  • November '24 Nov '24 N/A
  • October '24 Oct '24 2
  • September '24 Sep '24 N/A
  • August '24 Aug '24 N/A
  • July '24 Jul '24 N/A
  • June '24 Jun '24 N/A
  • May '24 May '24 N/A
  • April '24 Apr '24 N/A
  • March '24 Mar '24 N/A
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