All Home Types
Novi, MI Housing Market
What is the housing market like in Novi today?
In February 2025, Novi home prices were down 0.15% compared to last year, selling for a median price of $466K. On average, homes in Novi sell after 30 days on the market compared to 7 days last year. There were 32 homes sold in February this year, up from 32 last year.
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$465,845
-0.15% YoY | Feb 2025
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Feb 2025
Growth
% YoY
Novi, MI
$465,845
-0.15%
United States
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Novi Migration & Relocation Trends
In Dec '24 - Feb '25, 25% of Novi homebuyers searched to move out of Novi, while 75% looked to stay within the metropolitan area.
- Across the nation, 0.78% of homebuyers searched to move into Novi from outside metros.
- Los Angeles homebuyers searched to move into Novi more than any other metro followed by New York and Washington.
Where are people moving to Novi from?
- 75% of Novi homebuyers searched to stay within the Novi metropolitan area.
- Cape Coral was the most popular destination among Novi homebuyers followed by Grand Rapids and Saginaw.
Where are people from Novi moving to?
Number of People Moving to Novi
least
most
People are moving to Novi from
| Inbound | Net inflow | ||
|---|---|---|---|
| Metros | Dec '24 - Feb '25 | ||
| 1 | 410 | ||
| 2 | 403 | ||
| 3 | 393 | ||
| 4 | 389 | ||
| 5 | 189 | ||
| 6 | 151 | ||
| 7 | 96 | ||
| 8 | 87 | ||
| 9 | 81 | ||
| 10 | 79 | ||
People are leaving Novi for
| Outbound | Net outflow | ||
|---|---|---|---|
| Metros | Dec '24 - Feb '25 | ||
| 1 | 165 | ||
| 2 | 159 | ||
| 3 | 155 | ||
| 4 | 144 | ||
| 5 | 139 | ||
| 6 | 132 | ||
| 7 | 103 | ||
| 8 | 98 | ||
| 9 | 96 | ||
| 10 | 93 | ||
Methodology
This data does not reflect actual moves. The latest migration analysis is based on a sample of about two
million Redfin.com users who searched for homes across more than 100 metro areas. To be included in this dataset, a Redfin.com user
must have viewed at least 10 homes in a three month period. This dataset excludes all rentals data.
Recently sold homes
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that could impact homes in Novi.
Provided by First Street Foundation
Transportation in Novi
Learn about the walkability, bikeability, and transit-friendliness of Novi
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