Novi MI real estate update

Whether you are selling Novi real estaterelocating to Michigan, or buying a Novi home for salethese home statistics may be of interest to you.

Here is recent Novi homes for sale data within last 6 months.  These are Novi colonial homes. I did not include ranches or tri-level homes.

 

Square footage number of homes sold lowest price highest price average sales price  average days on the market
1600 – 1800 11 156,000 225,000 185,177  120
1800 – 2000 9 155,000 243,000 195,322  106
2000 – 2200 10 150,000 351,000 226,378  95
2200 – 2400 16 200,000 360,000 268,374  130
2400 – 2600 19 200,000 370,000 279,432  117
2600 – 2800 24 220,000 360,000 297,370  121
2800 – 3000 14 250,000 420,000 353,530  126

As you will notice that there are some very low prices in each category.  The higher priced homes were updated and in great shape.  Those ready to move in, updated Novi homes usually get the best price and sell the fastest.  You will noticed that the average price for Novi real estate is very close to a $110 a square foot.  In some square footage ranges the average Novi Home sales price was more than a $110 a square foot.

So whether you are buying or selling Novi real estateask your realtor for recent sold comparables.  That way you can determine whether you are overpaying for the Novi Home.

If you are thinking of buying or selling a Novi home give me a call on my cell (248)310-6239 or email me at yesmyrealtor@gmail.com  I will work hard in your best interest.   Russ Ravary your local Novi real estate specialist

My quote of the day is

Three grand essentials to happiness in this life are something to do, something to love and something to hope for.

Joseph Addison

Comp

 

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

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The data relating to real estate for sale on this website comes in part from the IDX program of Realcomp. Real estate listings held by brokerage firms other than Keller Williams Realty Commerce Market Center are marked with the IDX logo and detailed information about them includes the name of the listing brokers.


All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Keller Williams Realty Commerce Market Center shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.