Novi homes for sale and recent sold home info

Novi real estate data and info

If you are thinking of selling your Novi home here is the latest Metro Detroit real estate update.  This will tell you roughly how long homes are sitting on the market.  Remember the better you price your Novi home for the value the more likely it will sell quicker.  That is your goal right?   I can’t tell you some of the horror stories of people who have lost a lot of money by overpricing their home.  Then they chased the market down.

Novi Home Price Statistics Legend
Price Range Number of Listings Days on Market
100,000 to 150,000 39 139
150,001 to 200,000 67 152
200,001 to 250,000 54 143
250,001 to 300,000 93 153
300,001 to 350,000 51 163
350,001 to 400,000 45 257
400,001 to 450,000 31 194
450,001 to 500,000 19 128
500,001 to 550,000 22 197
550,001 to 600,000 17 267
For the 438 listings: For the 172 Sold listings:
Average List Price $312,248.00 Average Sold Price $291,115.00
Median List Price $295,000.00 Median Sold Price $281,000.00
Highest List Price $650,000.00 Highest Sold Price $600,000.00
Lowest List Price $104,900.00 Lowest Sold Price $100,000.00
List Volume $136,764,400.00 Sales Volume $50,071,860.00
Avg. Days On Market 170 Avg. Days On Market 126

 

Photos, Comp and Listing Information Courtesy of Realcomp II Ltd, Properties shown have been listed and sold by various MLS member REALTOR® agents

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