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