Data as of February 2026. Source: Realtor.com.
The NOVI, MI real estate market (48377) currently shows 16 active listings, with 6 pending sales. Homes are averaging 52 days on the market before going under contract.
Inventory has tightened compared to last year, with 5 fewer active listings — creating more competition among buyers.
Homes are taking longer to sell, averaging 52 days on market compared to 34 days last year.
The median listing price has fallen 17.8% year-over-year, from $430,000 to $353,500.
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.
Population: 19,083 · Density: 767.1/mi² · Median household income: $78,433
Typical home value: $312,936 · Homeownership: 49.2%
| Zip | City / State | Distance | Listings | Market Value | Median $ | Average $ |
|---|---|---|---|---|---|---|
| 48377 | Novi, MI 48377 | 0.0 mi | 20 | $10,065,740 | $368,750 | $503,287 |
| 48390 | Walled Lake, MI 48390 | 3.1 mi | 76 | $30,041,736 | $339,900 | $395,286 |
| 48374 | Novi, MI 48374 | 3.6 mi | 15 | $13,514,100 | $749,500 | $900,940 |
| 48335 | Farmington, MI 48335 | 4.7 mi | 28 | $10,743,124 | $344,900 | $383,683 |
| 48167 | Northville, MI 48167 | 5.8 mi | 73 | $62,887,091 | $625,000 | $861,467 |
| 48334 | Farmington, MI 48334 | 6.3 mi | 41 | $14,447,744 | $289,900 | $352,384 |
| 48336 | Farmington, MI 48336 | 7.0 mi | 83 | $28,172,939 | $267,450 | $339,433 |
| 48165 | New Hudson, MI 48165 | 7.3 mi | 43 | $20,674,916 | $574,990 | $480,812 |
| 48324 | West Bloomfield, MI 48324 | 7.5 mi | 43 | $47,021,790 | $395,000 | $1,093,530 |
| 48154 | Livonia, MI 48154 | 9.1 mi | 48 | $16,860,288 | $349,900 | $351,256 |
| 48033 | Southfield, MI 48033 | 9.8 mi | 39 | $9,338,433 | $217,500 | $239,447 |
| 48301 | Bloomfield Hills, MI 48301 | 10.0 mi | 33 | $51,350,607 | $1,162,000 | $1,556,079 |
| 48170 | Plymouth, MI 48170 | 10.1 mi | 86 | $61,700,700 | $535,000 | $717,450 |
As of February 2026, there are 16 active listings in NOVI, MI (zip code 48377), compared to 21 the prior year.
The median listing price in NOVI, MI 48377 is $353,500 as of February 2026, a 17.8% decrease from $430,000 the prior year.
Homes in NOVI, MI 48377 spend an average of 52 days on the market before going under contract, compared to 34 days the prior year.
Based on current inventory and days-on-market data as of February 2026, NOVI, MI 48377 is currently a Balanced Market. Inventory has tightened compared to last year, with 5 fewer active listings — creating more competition among buyers. Homes are taking longer to sell, averaging 52 days on market compared to 34 days last year.
With SELL123.com's maximum 3% commission, sellers in NOVI, MI 48377 save an estimated $7,070 compared to a typical 5% commission on the median listing price of $353,500. 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.