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Week ending Nov 25
Week ending Nov 25
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Novi, 48377 Real Estate Overview
Today, December 7, 2009
Market View for 48377
Avg. Listing Price
$220,124
Wk ending Nov 25
+$1,046
+0.5%
w-o-w
+0.5%
w-o-w
Median Sales Price
$151,021
Aug '09 - Oct '09
-$73,979
-32.9%
y-o-y
-32.9%
y-o-y
Novi, 48377 Summary
The median sales price for homes in ZIP code 48377 in Novi from Aug 09 to Oct 09 was $151,021 based on 37 sales. Compared to the same period one year ago, the median sales price decreased 32.9%, or $73,979, and the number of sales decreased 31.5%. Average price per square foot for homes in 48377 was $121, a decrease of 41.3% compared to the same period last year.
There are currently 188 resale and new homes in ZIP code 48377 on Trulia, including 65 homes in the pre-foreclosure, auction, or bank-owned stages of the foreclosure process. The average listing price for homes for sale in 48377 was $220,124 for the week ending Nov 25, which represents an increase of 0.5%, or $1,046, compared to the prior week. Popular ZIP codes in Novi include 48374 and 48375, with average listing prices of $498,166 and $180,916.
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