Homes for Sale in Novi, MI with Acreage

17 Homes for Sale

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Novi, MI Housing Market Overview

Novi's housing market currently favors sellers. With just a 1.7-month supply of homes and properties taking an average of 33 days to sell, sellers have considerable pricing power and can command premium offers.

Status

Seller's Market

Days on Market

33

Inventory

17

Aug 2021Mar 2024Mar 2026

Median Home Price

$387,500Up 0.06%

In Mar 2026 · YoY

Aug 2021Mar 2024Mar 2026

Mortgage Rates 30-Yr Fixed

6.23%Down 0.58%

Current rate · YoY

Loan Type

30-Year Fixed

Housing Supply

Homes For Sale
17 Up 0.08%
Newly Listed Homes
64 Down 0.02%
Months of Supply
1.7 Up 0.40%

Housing Demand

Homes Sold
42 Down 0.00%
Sale-to-List Ratio
98.5% Down 1.77%
Homes Sold Above List
23.8% Down 29.25%

30-yr fixed rate 6.23% · Data as of Mar 2026 · Source: Houzeo Research.

View Full Novi Market Report
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    Based on information from MiRealSource through Sep 6, 2026, 5:45 PM . All information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. Provided through IDX via MiRealSource, Inc. Courtesy of MiRealSource Shareholder. © 2024 MiRealSource. All Rights Reserved.

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Novi, MI Housing Marketlink qauare
Homes Available icon

17

Homes Available

Median List Price icon

$ 387,500

Median List Price

Avg on Market icon

33 Days

Avg on Market

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