Novi Real Estate Market Overview

Could Novi, MI be your next home? Kick-start your search with Trulia’s real estate guide and home search. With interactive maps and charts, Trulia provides a comprehensive overview of market trends, schools, demographics, and lifestyle data to help you learn all about Novi. Not sure which neighborhood is for you? Check out our Nearby Places section below to explore popular cities near Novi such as Northville and Fa...rmington Hills. When you’re ready, Trulia has 148 resale and new homes in Novi lined up for you, including 8 open houses, and 39 homes in the pre-foreclosure, auction, or bank-owned stages of the foreclosure process. View more

$200,000

Median Sales Price

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N/A

Price Per Sqft

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$1,950

Median Rent Per Month

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Housing Market Trends

Market trends help you understand the movement of key price indicators. Trends in Novi show a -25% year-over-year drop in median sales price and a -7% drop in median rent per month.

Median Sales Price
The median sales price for homes in Novi for Mar 23 to Jun 22 was $200,000 based on 45 home sales.
Price Per Square Ft.
Median Rent Per Month
The median rent per month for apartments in Novi for May 23 to Jun 23 was $1,950.

Crime

Most frequent crimes in the past year

Knowing more about crime activity in Novi can help keep you aware of crime in the area. Crime activity is most helpful when comparing two locations to understand the relative safety of each location.

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1

Count of Arrest


Best Schools in Novi

There are 12 schools in Novi.

Elementary Schools
10

Novi Meadows School

Public, 5 - 6

10

Novi Woods Elementary School

Public, K - 4

10

Deerfield Elementary School

Public, K - 4

Middle Schools
10

Novi Middle School

Public, 7 - 8

10

Novi Meadows School

Public, 5 - 6

High Schools
10

Novi High School

Public, 9 - 12


Demographics

Get to know your neighbors in Novi by reviewing our census driven map. Get insights into median age, how many people are married, and percentage of people with a college degree.

Single residents
39%
Single residents
Home owners
72%
Home owners
Median age
40
Median age
Household income
$83,125
Median household income
College educated
63%
College educated

Commute

Most people in Novi commute by car. Learn how neighbors in this area get to work so you can consider how you might commute if you lived here, too.

Commute Type
100% commute by car
0% commute by bike
0% commute by public transportation
0% commute by foot

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