48377 Real Estate Market
The median sale price for homes in 48377 over the last 12 months is $140,763.
The median mortgage debt is $159,651.
The price per square foot for listings in this area is $134.
The median sale price in December for single family homes is $177,658. The sale prices dropped by -30.1% from the previous month.
The number of active listings in Novi dropped by 11.8% from the previous month.
The median number of days active properties have been listed is 55. This is significantly shorter than the national average.
The number of sales in December dropped by 50% from the previous month.
The percent of owner occupied properties in Novi is 13.18% below the national average.
The percent of rental properties in Novi is 18.63% above the national average which is typical for urban areas.
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