Housing in Novi
Novi's 2026 housing market runs genuinely hot and expensive, with a real, disclosed gap between single-family and condo pricing.
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Learn moreA decisive seller's market
Redfin cited a $590,000 citywide median sale price for Novi in June 2026 against a lower $481,000 trailing-12-month figure -- with only 1.3 months of supply as of July 2026 (6 months defines balanced) and homes going under contract in a median of just 8 days.
A real, substantial price gap by property type
Single-family homes carried a $660,500 median in June 2026, while condos ran a considerably lower $275,000 median -- a real, disclosed spread reflecting Novi's mix of established single-family neighborhoods and newer condo/townhome development.
Proximity to top-rated schools and Twelve Oaks Mall carries real premiums
As in most cities in this dataset, pricing in Novi varies meaningfully by proximity to Novi Community School District's most sought-after attendance areas and to Twelve Oaks Mall's retail corridor.
Key takeaways
- Novi's housing market is genuinely hot: a $590,000 median sale price (June 2026) with only 1.3 months of supply.
- Single-family homes ($660,500 median) and condos ($275,000 median) carry a real, substantial price gap.
- Pricing varies by proximity to Novi Community School District's top attendance areas and Twelve Oaks Mall.
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