Novi, MI housing market: October 2026

In October 2026, 28 residential sales closed in Novi, at a median price of $557,500, down 7.1% from October 2025. Days on market until sale: 28. 76 homes were for sale at the end of the month, 2.5 months of supply. 13 condos sold, at a median of $353,000.

Median sale price: $557,500; October 2025: $600,000 (−7.1%)
Closed sales: 28; October 2025: 31 (−9.7%)
Days on market until sale: 28; October 2025: 23 (+21.7%)
Months of supply: 2.5; October 2025: 1.5 (+66.7%)

Residential sales, October 2026 against October 2025. From Realcomp's Local Market Update; sources below.

Homes for sale in Novi Property tax in Novi Our Novi guide

Every figure for October 2026

Residential
Measure	October 2025	October 2026	Change	Year to date 2025	Year to date 2026	Change
New listings	34	51	+50.0%	428	475	+11.0%
Pending sales	28	29	+3.6%	322	329	+2.2%
Closed sales	31	28	−9.7%	318	322	+1.3%
Days on market until sale	23	28	+21.7%	19	19	0.0%
Median sale price*	$600,000	$557,500	−7.1%	$585,500	$599,000	+2.3%
Average sale price*	$627,306	$653,716	+4.2%	$670,795	$702,478	+4.7%
Percent of list price received*	99.7%	99.7%	0.0%	100.4%	100.4%	0.0%
Homes for sale at month's end	47	76	+61.7%	–	–	–
Months of supply	1.5	2.5	+66.7%	–	–	–

Condos
Measure	October 2025	October 2026	Change	Year to date 2025	Year to date 2026	Change
New listings	25	34	+36.0%	294	364	+23.8%
Pending sales	13	17	+30.8%	225	231	+2.7%
Closed sales	14	13	−7.1%	232	227	−2.2%
Days on market until sale	15	34	+126.7%	26	33	+26.9%
Median sale price*	$345,500	$353,000	+2.2%	$320,000	$307,500	−3.9%
Average sale price*	$406,311	$364,346	−10.3%	$363,893	$347,024	−4.6%
Percent of list price received*	99.3%	97.5%	−1.8%	99.7%	98.9%	−0.8%
Homes for sale at month's end	42	80	+90.5%	–	–	–
Months of supply	2.0	3.8	+90.0%	–	–	–

* Does not account for sale concessions or down payment assistance. Percent changes are Realcomp's, calculated from rounded figures, and can look extreme where there are few sales. Residential and condo sales are counted apart.

Nearby: Oakland County

All market reports