Novi, Michigan
Novi combines dynamic growth with suburban comfort, anchored by premier shopping, dining, and entertainment at Twelve Oaks and beyond. With top-ranked schools, thriving business districts, diverse neighborhoods, and abundant parks, it’s one of Metro Detroit’s most vibrant and in-demand communities.
Top Reasons People Choose Novi
Novi has been one of the most popular addresses in Metro Detroit for many decades. Here are some of the many reasons people love calling it home.
Premier Schools
Novi has one of the best school systems in Michigan (ranked #7 in the state). It’s ratings are stellar, as demonstrated by Niche.com awarding Novi’s school system an overall “A+” rating.
Location, Location, Location
At the intersection of 275 and 96, Novi has one of the best overall locations in southeast Michigan. It features great expressway access, and is convenient to Detroit, Ann Arbor and Metro airport.
Shopping Hub
Novi is home to the largest concentration of major shopping destinations on the west side of Metro Detroit, including 12 Oaks Mall, Fountain Walk, Novi Town Center and more.
Fifth Best Place to Live
Novi was rated the fifth best place to live in Michigan in 2025 by Niche.com, which gave it an overall “A+” grade. US News rated it #34 in the top 250 Places to Live in America.
Great Greenspaces
Novi has plenty of options in terms of parks, and greenspace isn’t limited: Tollgate Farm (MSU education center), Pavilion Shore Park, large municipal parks, and trail corridors are all prominent.
Dynamic Diversity
Home to one of Michigan’s largest Japanese populations, and also has a significant Asian Indian population. Novi is celebrated as a multicultural hub with inclusive services and programming.
Outstanding Investment
As per the charts below, Novi is a great place to live from a real estate investment perspective. Over the past seven years, the average sales prices have increased 70% for homes and 58% for condos, evidencing strong ROI.
Dining & Entertainment
Novi offers a myriad of dining and entertainment options. From casual to high end, and from indoor skydiving to axe throwing, you’ll never run out of “food and fun” options in this wonderful community.
Access to Culture
Novi is located just 29 miles from Ann Arbor, 29 miles from Ford Field, 27 miles to the DIA, and 31 miles from the Ambassador Bridge. This prime positioning affords virtually unlimited cultural options.
Proximity to .EDU
The University of Michigan and Eastern Michigan are just 29 miles from Novi, Wayne State is only 26 miles, and Michigan State University is less than an hour away at 60 miles. World-class higher education is close.
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Connect With Us >>Novi Market Snapshot
The following snapshots cover the two most recent 12 month periods (ending on June 30 of 2024 and 2025, respectively) and give insight into current market conditions.
Residential Snapshot
| Metric | Jul 24–Jun 25 | Jul 23–Jun 24 | % Change |
|---|---|---|---|
| Median Sales Price | $607,000 | $575,000 | +6% |
| Average Sales Price | $707,554 | $649,503 | +9% |
| Price / Sq Ft | $254.49 | $242.51 | +5% |
| Average DOM | 24 | 20 | +20% |
Condo Snapshot
| Metric | Jul 24–Jun 25 | Jul 23–Jun 24 | % Change |
|---|---|---|---|
| Median Sales Price | $298,000 | $268,750 | +11% |
| Average Sales Price | $342,675 | $305,270 | +12% |
| Price / Sq Ft | $220.26 | $216.08 | +2% |
| Average DOM | 29 | 17 | +71% |
Residential Analysis
Seller’s Perspective
- For sellers in Novi, pricing power improved year over year: the average sale price rose 9% to $707,554 and the median climbed 6% to $607,000, reflecting steady demand for move-in-ready homes.
- Value per square foot also increased, with $/SF up 5% to $254, signaling buyers are willing to pay for quality, location, and condition.
- Average market time ticked up from 20 to 24 days (+20%), but that’s still excellent by historical standards—well-presented homes continue to achieve strong results.
Buyer’s Perspective
- Buyers in Novi should expect firmer pricing overall (average increased 9%, while median was up 6%) with $/SF up ~5%; the mix and quality of listings pushed values higher.
- You do have a bit more breathing room than last year: 24 DOM vs. 20, though desirable homes still move quickly.
- Come prepared—clean pre-approval and flexible terms remain key to winning the right home in competitive segments.
Condo Analysis
Seller’s Perspective
- For condo sellers in Novi, pricing rose modestly: median was up 11% to $298K and average increased 12% to $343K, while $/SF edged up +2% to $220>—healthy gains with stable value per foot.
- DOM increased from 17 to 29 days (+71%), so strategic pricing and presentation matter more than last year, though condos are still moving at a reasonable pace historically.
- Well-positioned units (updated finishes, strong locations) should continue to achieve solid outcomes.
Buyer’s Perspective
- People buying condos in Novi will see higher headline prices (median was uip 11%, while average increased 12%) with $/SF mostly flat (+2%), so building, location, and condition will drive your final price.
- With 29 DOM, appealing units can still go quickly—have financing ready and know your must-haves.
- Expect the most competition for updated, walkable, or amenity-rich communities; be ready to act when those appear.
Key Long-Term ROI Market Metrics
The following charts provide a macro overview of the more significant historical pricing trends over the past decade. Please let us know if you’d like any additional information or analysis.
Residential ROI
| Years | Appreciation |
|---|---|
| 1 Year | +18% |
| 3 Years | +31% |
| 5 Years | +64% |
| 7 Years | +70% |
Condo ROI
| Years | Appreciation |
|---|---|
| 1 Year | +2% |
| 3 Years | +5% |
| 5 Years | +37% |
| 7 Years | +58% |
Appreciation shown reflects full calendar-year results through December 31, 2024 (and prior years), based on local MLS data.
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Request Market Analysis >>What AI Says About Novi
Our perspective above reflects local experience. For an outside view, here’s a neutral summary from ChatGPT, based on widely available public sources.
Excellent Schools
The Novi Community School District is a consistent top performer, drawing families and supporting resale values.
Safety & Quality of Life
Novi is regularly ranked among metro Detroit’s safest, most family‑friendly suburbs with strong municipal services.
Job & Highway Access
Novi provides immediate access to I‑96, I‑275, and M‑5 puts Detroit, Ann Arbor, and DTW within easy reach—great for commuters.
Upscale Retail & Entertainment
Twelve Oaks Mall, Fountain Walk, and a wide dining scene offer destination‑level shopping and nightlifeT.
Parks, Lakes & Nature
Pavilion Shore Park and Lakeshore Park on Walled Lake, plus MSU’s Tollgate Farm & Education Center for year‑round outdoor fun.
Cultural Diversity
Novi boasts a vibrant, international community—including one of Michigan’s largest Japanese populations and language/culture programs.
Community Events
Novi has a number of festivals and cultural celebrations—like the Japan Festival—add depth beyond retail and dining.
Strong Real‑Estate Fundamentals
Novi offers a mix of established neighborhoods and newer construction; solid long‑term demand and value retention.
As you can see, the “second opinion” provided by ChatGPT is largely consistent with the subjective synopsis we provided above. Ergo, Novi is a great place to live!
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Work With Us >>Let’s Talk About Novi
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Connect with Professional One; we’re experts in all things Novi.
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