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Novi Homes & Real Estate

Novi is an electrifying city known to many as the major regional shopping capital in Oakland County, and one of Michigan's youngest and fastest growing cities. Novi has a lot to brag about, excellent schools, quality public services, safe neighborhoods, preservation of natural features, solid property values, and continued development.

The Novi Public School District is considered top of the line, and a big deciding factor when families are considering relocating to Michigan.

Novi Real Estate Statistics

Total Listings: 169
Average Price: $481,911
Highest Price: $3,299,000
Lowest Price: $29,900

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Public Record Data

Current Listings

There are 163 listings for sale, with prices from $29,900 to $3,299,000 (average price: $484,924.73).

Real Estate Statistics

  • Approx. Total Number of Homes: 10926
  • Average Tax Assessed Value: $154,419
  • Average Market Value: $308,038
  • Average Estimated Value: $317,116
  • Average Market Assessed Value: $135,411

Past 12 months' Sales

  • Properties sold: 866
  • Average Sale Price: $325,285
  • List-to-Sale Price Ratio: 0.67%
  • Ownership Turnover: 12.62%

Public Record Data for all Homes

View Public Record Data for Homes for Sale in Novi MI

 

Homes for Sale in Novi MI

All Listings $100,000 - $200,000 $200,000 - $300,000
$300,000 - $400,000 $400,000 - $500,000 $500,000 - $600,000
$600,000 - $700,000 $700,000 - $800,000 $800,000 - $900,000
$900,000 - $1,000,000 Over $1,000,000
New Listings First
92 Properties Found.
Homes for Sale in Novi, MI
  • MLS® #: 217011273
  • 24027 Wintergreen Cir
  • Novi, MI 48374
  • $569,000
  • 4 Bed, 4.1 Bath, 3551 SqFt, 0.34 Acres
  • Residential
  • Add as Favorite
Homes for Sale located at 24481 Redwing Dr, in the city of Novi, MI 48374
  • MLS® #: 217014050
  • 24481 Redwing Dr
  • Novi, MI 48374
  • $400,000
  • 3 Bed, 2.1 Bath, 2437 SqFt, 0.26 Acres
  • Residential
  • Add as Favorite
Residential Real Estate for Sale located in the neighborhood of , in the city of Novi, MI
  • MLS® #: 217014108
  • 49474 Hartwick Dr
  • Novi, MI 48374
  • $569,990
  • 5 Bed, 3 Bath, 2990 SqFt
  • Residential
  • Add as Favorite
Novi Real Estate - MLS # 217013961, Residential real estate for Sale in CHURCHILL CROSSING SUB NO 1, MLS Listings # 217013961
  • MLS® #: 217013961
  • 24327 Cavendish Ave W
  • Novi, MI 48375
  • $574,900
  • 4 Bed, 3.2 Bath, 3470 SqFt, 0.28 Acres
  • Residential
  • Add as Favorite
MLS #217013841 for Sale at 45602 Freemont, in the city of Novi, 48374
  • MLS® #: 217013841
  • 45602 Freemont
  • Novi, MI 48374
  • $335,000
  • 4 Bed, 2.1 Bath, 2118 SqFt, 0.67 Acres
  • Residential
  • Add as Favorite
Novi Homes for Sale in the neighborhood of KNIGHTSBRIDGE GATE CONDO OCCPN 1797 in the Zipcode of 48374
  • MLS® #: 217013445
  • 27666 Cromwell Rd
  • Novi, MI 48374
  • $365,000
  • 4 Bed, 2.1 Bath, 2846 SqFt
  • Residential
  • Add as Favorite
Residential Real Estate for Sale at 22601 Heatherwoode Dr in the city of Novi by MLS #217014218
  • MLS® #: 217014218
  • 22601 Heatherwoode Dr
  • Novi, MI 48375
  • $269,900
  • 4 Bed, 2.1 Bath, 1728 SqFt, 0.23 Acres
  • Residential
  • Add as Favorite
MLS Number 217013891 in the city of Novi Homes for Sale by DUNBARTON PINES SUB NO 2, the zipcode of 48375
  • MLS® #: 217013891
  • 44565 Midway
  • Novi, MI 48375
  • $410,000
  • 5 Bed, 3.1 Bath, 2764 SqFt, 0.22 Acres
  • Residential
  • Add as Favorite
25845 Buckminster, in the city of Novi Real Estate in MI by CEDARSPRING ESTATES SUB NO 1,
  • MLS® #: 217013104
  • 25845 Buckminster
  • Novi, MI 48375
  • $314,900
  • 4 Bed, 2.1 Bath, 2081 SqFt, 0.3 Acres
  • Residential
  • Add as Favorite

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Novi Real Estate Market

The Novi real estate market is strategically located in southeastern Michigan, consisting of 31-square miles in prestigious Oakland County. It's only 20 minutes from Detroit Metro Airport; 25 miles from downtown Detroit, Ann Arbor, and The University of Michigan. Novi is well-connected to highway, rail and air transportation routes offering accessibility second to none. It has convenient access to the most active expressway I-275, I-696, which connects Novi to Troy, and I-96, which connects Detroit to Ann Arbor, Lansing and Grand Rapids.

The Twelve Oaks Mall and highway I-96 are credited for the rampant and consistent growth the city has experienced. However, construction has not stopped there several large projects are underway including the addition of a new retail wing opening in late 2007. This period of growth has led to a burst in the city's population, and an abundance of new residential neighborhoods, commercial developments including office space, and industrial expansion around the city. Novi offers many solid advantages, combining an outstanding blend of highly visible land development opportunities in both high-tech and industrial areas.

Novi has a lot to brag about, excellent schools, quality public services, safe neighborhoods, preservation of natural features, solid property values, and continued development. The City boasts a State Equalized Value of more than $3.8 billion, higher than the State Equalized Value of 60 of the 83 counties in Michigan. Additionally, Novi is extremely proud of its ethnic diversity. More than 35 businesses based in Japan and at least 14 businesses based in Germany call Novi home in the United States.

Novi Neighborhood

Novi is an electrifying city known to many as the major regional shopping capital in Oakland County, and one of Michigan's youngest and fastest growing cities. The most obvious landmark in the city is the Twelve Oaks Mall, located at the interchange of Novi Road and I-96. Read more about Novi real estate

Walled Lake, earning its name from the wall-like appearance of its banks, which resemble artificial stone, is the largest lake in the city. It also serves as the headwaters of the Middle Branch of the Rouge River. Shawood Lake lies just southwest of Walled Lake.  Most of the city lies within the Rouge River watershed. Some areas on the north and west side of the City are part of the Huron River watershed.

Novi Public Transportation

Novi Senior Transit, 55 and older or handicapped, call 248-735-5617.

Novi Architecture

Novi real estate varies in price depending on features, square footage, architecture, along with plenty of other amenities varying from house to house. Home prices in Novi range from $100,000, to upwards of $5,000,000. The first time home buyer in Novi with $100,000 can pick up a 2-3 bedroom home with a basement or garage, and approximately 1,000 square feet, with aluminum or vinyl siding exterior. The luxury buyer can buy a 7,000-15,000 square foot mansion with acreage, 5-7 bedrooms, 5 or more baths, and even your own private tennis courts.

The past couple years there have been more foreclosures in Novi. Investors are starting to buy distressed bank owned homes for very reasonable prices as more homeowners go through the foreclosure process in Novi.

Novi Public Schools

The Novi Public School District is considered top of the line, and a big deciding factor when families are considering relocating to Michigan. The City of Novi public school system has been awarded with one of Michigan's highest levels of academic achievement, being rated as a Gold Medal School District (by Expansion Management). Novi consistently ranks in the highest rating category of all schools in metro Detroit. Currently the district has over 6,000 students enrolled in five elementary schools, two middle schools, and one high school. Some areas of Novi are served by other school districts, including the Northville school district, Walled Lake school district and the South Lyon school district.

Novi is home to several private schools, including, Detroit Catholic Central High School (all boy's school), Franklin Road Christian School (Brightmoor Christian Church), Koby International Academy, Novi Christian School, and Novi Northville Montessori Center.

Secondary education is available at Oakland Community College and Walsh College. 

Novi Neighborhood Amenities

The main feature of Novi's year long social calendar is its "Music & Motor Festival, held once a year at the Novi Expo Center. The neighborhood is rich in sports and recreation amenities.

Motor sport fans were ecstatic when Novi opened the doors in 1989 to the Motorsports Hall of Fame of America. The museum brought in over forty motorports-related vehicles. The collection is constantly rotated, and includes exhibits of racing personalities, vehicles, and memorabilia.

The Novi Ice Arena opened in September 1998, is located at 2400 Arena Dr. This beautiful multi-surface facility offers two NHL-regulation sized ice sheets, seating capacities of 750 and 200, heated viewing areas, pro shop, concessions, skate rental and meeting space. The arena offers eight large locker rooms, an officials room and a large figure skating dressing room. The facility is host to a variety of programs, including the Novi Youth Hockey Association, Skating Club of Novi, Novi High School and Northville High School hockey teams.

Shopping fanatics will never sleep once entering the city of Novi. To start the tour there is Twelve Oaks Mall with over 180 stores including Lord & Taylor, Macy's, JC Penney, Sears, and now the newly opened Nordstrom. The mall recently completed a gorgeous upscale renovation unveiling 40 new stores. In the same general area there is West Oaks I and II, which includes a variety of department, specialty, furniture, toy stores and restaurants.

If one got bored with the indoor mall environment there is an opportunity to move outdoors and shop Fountain Walk, the largest outdoor retail, dining, and entertainment shopping mall in the area. It boasts 50 stores in an outdoor sidewalk setting, including Buffalo Wild Wings, The Bamboo Club, Cold Stone, Dick's Sporting Goods, Modern Skate Park, Emagine Theater, Lucky's Arcade and Bar, and The Great Indoors. Complete your tour with the Novi Town Center, a sprawling strip mall containing over 75 specialty and department stores, a movie theater, fitness facility and a vast array of restaurants and coffee shops.

Novi has no shortage of great restaurant choices, including Red Robin, BD Mongolian Barbecue, and Andiamos, just to name a few.

If there is ever the need for an exposition and/or conference center for large events, there is the Rock Financial Showplace Center features a 25,000 square foot Grand Atrium Style Entrance, three Exposition Halls with a total of 214,000 square feet of multi-purpose exposition space, and five meeting rooms.

Novi Michigan Historical Facts 

Novi was organized in 1832 from Farmington Township. There are many theories on how the name came to be. Residents were supposedly looking for a name not as long as Farmington, and it is believed that it was finally suggested by the wife of local Dr. J.C. Emory. Nevertheless, the name was approved by state authorities and in the fall of 1832, the Township of Novi was detached from Farmington. The townships of Commerce, Milford and Lyon were also included, until they organized separately in 1834.

Local residents will often refer to the community as The Corners or Four Corners. At the time of its organization as a township, the only regularly laid out road was the one running from Walled Lake through the entire width of Novi to Northville. It was intersected by the Grand River military road, known then as the Detroit and Howell Plank Road. The area around the intersection at Grand River and the Northville-Walled Lake road (now Novi road) was called Novi Corners. The first town hall was built near Novi road and Grand River in 1876. Prior to this time, township meetings were organized in the homes of local residents and at various Novi taverns.
In August, 1957, Novi made a motion to incorporate as a village. After many petitions and many meetings, finally in September 1958, Novi approved its village charter by a 594 to 470 margin. Several attempts to incorporate Novi as a city failed, before the new city charter was finally approved in 1969.

Novi's Grand River Road was first surveyed in 1832 as a link between Detroit and Lake Michigan. Built over an old Indian trail, the road was an important east-west highway throughout the nineteenth century. The small village of Novi grew up along the road and remained a small farming community until the 1950s, when the Michigan State Highway Department greatly developed the highways and interstates in the region making Novi much more accessible to Detroit. The village began to grow rapidly until it had become a bedroom community of commuters to the big city. After two unsuccessful attempts in 1959 and 1962, Novi was incorporated in 1969.

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For more information about the beautiful City of Novi, contact Novi Realtor MARK Z. & Associates.

 

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