Novi, MI housing market
Homes typically sell in 17 days, close to asking.
Home values, sales, trends and how Novi compares with the towns next door — updated as new data is published.
Novi at a glance
A seller's market
Supply is tight — about 2 months of homes for sale at the current pace. Buyers should expect competition on well-priced homes.
Novi and its neighbors
| Town | Typical value | 1-yr change | Days on market | Median income |
|---|---|---|---|---|
| Novi | — | — | 17 | $110,723 |
| Wixom | $385K | +1.5% | 30 | $65,485 |
| Walled Lake | $244K | +0.4% | 13 | $72,055 |
| Northville | — | — | 18 | $145,530 |
| Northville | $595K | +4.8% | — | $150,518 |
| Farmington Hills | $390K | +2.4% | 13 | $104,836 |
3.8 years of income
The typical Novi home costs about 3.8 years of the town's median household income, about the same as across Michigan (3.7).
How Novi ranks on affordability →
Home value ÷ ACS median household income.
Owners, rent & taxes
U.S. Census Bureau, ACS 2020-2024.
Home values: Zillow Home Value Index (ZHVI), Zillow Research. Sales, days on market and supply: Redfin Data Center, May 2026. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. Listings link to their publishers.