Novi, MI 48375 Real Estate & Property Data
Last Updated: April 25, 2024
A total of 277 residential properties have been sold over the past 12 months in 48375. With a median sales price of $521,250 in 48375. Discover market trends and get the granular level real estate data for Novi, MI 48375 to keep your pulse on the housing market. Curate compelling home reports for Novi, MI 48375 from reliable property records is easy using the ATTOM platform as a source for state-of-the-art property reports.
Total Residential Properties 7,429
Total Commercial Properties 441
Avg. Home Age (Single Family Home) 43 Years
Avg. Square Feet (Single Family Home) 2,175
Total 2024 Residential Sales (year-to-date) 37
% of Homes Seriously Underwater (Q2 2024) 0.69%
Total 2023 Residential Sales 255
% of Equity Rich Homes (Q2 2024) 46.35%
Effective 2023 Property Tax 1.17%
Total Foreclosure Filings (year-to-date) 2
Novi, MI 48375 Real Estate Overview
There were 277 residential properties sold in the past year in Novi, MI 48375. The median home value in Novi, MI 48375 is $388,976. There are a total of 7,429 residential properties in the 48375.
Median Sales Price i
$521,250
(Feb 2024)
+29.5%
year-over-year
y-o-y
- February '24 Feb '24 $521,250
- January '24 Jan '24 $528,750
- December '23 Dec '23 $520,000
- November '23 Nov '23 $420,000
- October '23 Oct '23 $360,000
- September '23 Sep '23 $525,000
- August '23 Aug '23 $465,000
- July '23 Jul '23 $422,500
- June '23 Jun '23 $430,000
- May '23 May '23 $347,250
- April '23 Apr '23 $485,000
- March '23 Mar '23 $416,250
Median Down Payment i
$35,000
(Feb 2024)
-11.3%
year-over-year
y-o-y
- February '24 Feb '24 $35,000
- January '24 Jan '24 $79,250
- December '23 Dec '23 $67,700
- November '23 Nov '23 $72,000
- October '23 Oct '23 $67,000
- September '23 Sep '23 $79,000
- August '23 Aug '23 $85,000
- July '23 Jul '23 $62,000
- June '23 Jun '23 $30,150
- May '23 May '23 $64,801
- April '23 Apr '23 $135,200
- March '23 Mar '23 $14,993
Number of Homes Sold i
24
(Feb 2024)
+166.7%
year-over-year
y-o-y
Number of Purchase Loans i
15
(Feb 2024)
+114.3%
year-over-year
y-o-y
Number of REFI Loans i
14
(Feb 2024)
+27.3%
year-over-year
y-o-y
Number of HELOC Loans i
5
(Feb 2024)
-50%
year-over-year
y-o-y
Novi, MI 48375 Real Estate Market Overview
Last 30 days- Street
- Street
- Street
Novi, MI 48375 Foreclosure Activity
Total Foreclosure Filings i
Foreclosure Starts i
Completed Foreclosures (REOs) i
1
(Feb 2024)
- February '24 Feb '24 1
- January '24 Jan '24 N/A
- December '23 Dec '23 N/A
- November '23 Nov '23 N/A
- October '23 Oct '23 N/A
- September '23 Sep '23 N/A
- August '23 Aug '23 N/A
- July '23 Jul '23 N/A
- June '23 Jun '23 N/A
- May '23 May '23 N/A
- April '23 Apr '23 N/A
- March '23 Mar '23 N/A
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