Novi housing market: September 2026
Seller's market
Novi's median sale price was $482,465 over the 12 months through September 2026, up 1.6% from the year before. Sales fell 4.7%, homes took a median 10 days to sell at 100% of list price, and there are 2.7 months of supply on the market.
- Median sale price
- $482,465
- Homes sold
- 623
- Months of supply
- 2.7
- Median days on market
- 10
- Sale-to-list price
- 100.0%
- Active listings
- 139
+1.6% vs. prior 12 months
-4.7% from 654
Over 6 = buyer's market, under 4 = seller's
Half of homes sell faster
Median close price ÷ list price
On market October 21, 2026
Is Novi a buyer's or seller's market?
Seller's market. At 2.7 months of supply, homes are scarce and sellers have the upper hand. If no new homes were listed, it would take about 2.7 months to sell everything for sale today.
Novi median sale price by month
See the monthly numbers
| Month | Median sale price | Homes sold |
|---|---|---|
| September 2026 | $466,000 | 57 |
| August 2026 | $510,000 | 73 |
| July 2026 | $510,000 | 75 |
| June 2026 | $567,495 | 90 |
| May 2026 | $482,500 | 54 |
| April 2026 | $482,000 | 63 |
| March 2026 | $398,500 | 39 |
| February 2026 | $353,000 | 28 |
| January 2026 | $440,000 | 27 |
| December 2025 | $467,500 | 42 |
| November 2025 | $472,500 | 30 |
| October 2025 | $540,000 | 45 |
How Novi compares with nearby cities
Metro Detroit isn't one market. Of these cities, Northville Township homes sell fastest, in a median 8 days.
| City | Median price | 1-yr price change | Homes sold | Days on market | Sale-to-list | Months of supply |
|---|---|---|---|---|---|---|
| Novi | $482,465 | +1.6% | 623 | 10 | 100.0% | 2.7 |
| Northville Township | $580,000 | -6.5% | 291 | 8 | 100.0% | 3.0 |
| Farmington Hills | $384,950 | +2.7% | 708 | 11 | 100.0% | 3.2 |
| Livonia | $324,950 | +4.8% | 1,172 | 8 | 100.0% | 1.8 |
| Wixom | $359,375 | -0.2% | 132 | 12 | 99.9% | 3.5 |
| Commerce Township | $435,000 | +2.8% | 483 | 12 | 100.0% | 3.1 |
12 months October 2025 through September 2026. Active listings as of October 21, 2026.
What this means if you're buying
Inventory is tight, so be ready to move quickly: get pre-approved, see new listings in the first days, and know your walk-away number before you write.
What this means if you're selling
Buyers are competing for limited homes, but they still compare. Well-prepared, well-priced homes draw the strongest offers. Run your seller net sheet before you pick a list price.
Common questions
Is Novi a buyer's or seller's market right now?
Seller's market. As of September 2026, Novi has 2.7 months of supply, homes sell in a median 10 days, and they close at about 100% of list price.
What is the median home price in Novi?
$482,465 for the 12 months through September 2026, up 1.6% from the $474,950 median the year before.
Are Novi home sales going up or down?
Down. 623 homes sold in the 12 months through September 2026, compared with 654 the 12 months before (-4.7%).
More about Novi
- Novi property taxes
- What your taxes become after you buy
- Seller net sheet
- Sale prices by subdivision
- Housing market reports for other cities
How these numbers are calculated
Residential closed sales (houses and condos) recorded in the MLS for the municipality of Novi, October 2025 through September 2026, compared with the 12 months before. Months of supply = active listings ÷ average monthly sales. Days on market and sale-to-list exclude homes entered at closing that were never marketed. Off-MLS sales (cash, FSBO, wholesale) are not included, so these medians can differ from deed-based figures elsewhere on this site. Source: Realcomp II Ltd. Statistics compiled from Realcomp data. Deemed reliable but not guaranteed.