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NOVI, MI 48375

Real Estate Market Report
Balanced Market
February 2026  ·  Source: Realtor.com

Market Analysis

Data as of February 2026. Source: Realtor.com.

The NOVI, MI real estate market (48375) currently shows 45 active listings, with 17 pending sales. Homes are averaging 30 days on the market before going under contract.

Inventory has increased compared to last year, with 1 more homes available — giving buyers more choice.

Homes are selling faster, averaging 30 days on market compared to 39 days last year.

The median listing price has risen 7.1% year-over-year, from $423,600 to $453,750.

Whether you are buying or selling in NOVI, MI, SELL123.com can help you save significantly on commission — typically 2% compared to traditional 5% broker fees. Call (240) SELL-123 for a free consultation.

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Market Context

Market Context

Population: 23,933  ·  Density: 1,103.0/mi²  ·  Median household income: $110,666

Typical home value: $333,773  ·  Homeownership: 72.0%

Market Overview

Active Listings
45
⇧ 2.3% vs 44 last year
Pending
17
38% pending ratio
Median Price
$453,750
⇧ 7.1% vs $423,600 last year
Average Price
$419,293
⇧ 1.9% vs $411,275 last year
Days on Market
30
⇩ 23.1% vs 39 days last year

Price Per Square Foot

Median $/sqft
$233
⇧ 6.9% vs $218/sqft last year
Median Home Size
1,869 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 45 this year vs 44 last year
  • Days on market: 30 now vs 39 last year

Median & Average Pricing

Year over Year
  • Median: $453,750 (+7.1% YoY)
  • Average: $419,293 (+1.9% YoY)

12-Month Price Trend

Median & Average
  • Median and average listing prices over the past 12 months

12-Month Inventory Trend

Active & Pending
  • Active and pending listing counts over the past 12 months

Historical Trend Charts

Median Price
Average Price
Days on Market
Total Listings
Pending Listings
Active Listings
New Listings
Price Per Sqft
Price Reduced %

Nearby Real Estate Markets

Median Price Legend:
< $250K
$250K–$500K
$500K–$1M
$1M–$2M
> $2M
25 Nearby Zip Code Markets within 9.8 miles — 681 listings ($354,538,896 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
48375Novi, MI 483750.0 mi43$17,711,743$425,000$411,901
48374Novi, MI 483743.1 mi15$13,514,100$749,500$900,940
48331Farmington, MI 483313.9 mi38$19,869,022$484,000$522,869
48152Livonia, MI 481525.3 mi59$18,577,684$254,500$314,876
48168Northville, MI 481685.7 mi55$47,095,070$600,000$856,274
48390Walled Lake, MI 483906.0 mi76$30,041,736$339,900$395,286
48154Livonia, MI 481546.6 mi48$16,860,288$349,900$351,256
48170Plymouth, MI 481707.6 mi86$61,700,700$535,000$717,450
48150Livonia, MI 481508.1 mi46$13,643,600$287,000$296,600
48240Redford, MI 482408.8 mi51$8,207,634$159,900$160,934
48033Southfield, MI 480339.0 mi39$9,338,433$217,500$239,447
48381Milford, MI 483819.4 mi82$50,957,096$575,000$621,428
48324West Bloomfield, MI 483249.8 mi43$47,021,790$395,000$1,093,530

Frequently Asked Questions

How many homes are for sale in NOVI, MI 48375?

As of February 2026, there are 45 active listings in NOVI, MI (zip code 48375), compared to 44 the prior year.

What is the median home price in NOVI, MI 48375?

The median listing price in NOVI, MI 48375 is $453,750 as of February 2026, a 7.1% increase from $423,600 the prior year.

How long do homes stay on the market in NOVI, MI?

Homes in NOVI, MI 48375 spend an average of 30 days on the market before going under contract, compared to 39 days the prior year.

Is it a seller's or buyer's market in NOVI, MI 48375?

Based on current inventory and days-on-market data as of February 2026, NOVI, MI 48375 is currently a Balanced Market. Inventory has increased compared to last year, with 1 more homes available — giving buyers more choice. Homes are selling faster, averaging 30 days on market compared to 39 days last year.

How much can I save on real estate commission in NOVI, MI?

With SELL123.com's maximum 3% commission, sellers in NOVI, MI 48375 save an estimated $9,075 compared to a typical 5% commission on the median listing price of $453,750. Our fee structure: 1% listing + 2% selling broker — no additional buyer or seller fees. Call (240) SELL-123 or email info@SELL123.com for a free consultation.