Novi, MI Real Estate Prices per Square Foot
Buy prices, rent prices, historical development and submitted values for Novi, MI.
Average buy price
$224.00 / sqft
Typical residential purchase price per square foot.
Average rent
$1.61 / sqft / month
Monthly rent per square foot.
Median home price
$475,000
Estimated median residential sale price.
Median monthly rent
$2,300
Estimated median rent for the city.
Historical price development
Buy price development
Buy prices have increased by about 17.4% over the last 5 years.
Rent price development
Rent prices have increased by about 5.8% over the last 5 years.
Submitted values in Novi
This table includes recent submitted values and individual historical comparable values, so the local price development is easier to compare.
| Date | Type | Property | Price / sqft | Size | Total | Area |
|---|---|---|---|---|---|---|
| 2026-07-05 | Buy | townhouse | $219.00 / sqft | 1,605 sqft | $351,495 | Simmons Orchard 48375 |
| 2026-07-04 | Buy | single-family home | $238.00 / sqft | 3,060 sqft | $728,280 | Andelina Ridge 48374 |
| 2026-07-03 | Rent | duplex | $1.31 / sqft | 1,635 sqft | $2,142 | Orchard Hills 48375 |
| 2026-06-29 | Buy | single-family home | $233.00 / sqft | 3,195 sqft | $744,435 | Royal Crown Estates 48374 |
| 2026-06-29 | Buy | single-family home | $218.00 / sqft | 2,575 sqft | $561,350 | Meadowbrook Glens 48375 |
| 2026-06-28 | Rent | condo | $1.52 / sqft | 1,365 sqft | $2,075 | Maples of Novi 48377 |
| 2026-06-27 | Buy | condo | $232.00 / sqft | 1,745 sqft | $404,840 | Main Street Village 48375 |
| 2026-06-25 | Rent | luxury apartment | $2.05 / sqft | 980 sqft | $2,009 | Novi Town Center 48375 |
| 2026-06-19 | Rent | condo | $1.67 / sqft | 1,190 sqft | $1,987 | Lakewood Parkhomes 48377 |
| 2026-06-08 | Buy | townhouse | $234.00 / sqft | 1,980 sqft | $463,320 | Asbury Park 48375 |
| 2026-06-07 | Buy | single-family home | $255.00 / sqft | 3,890 sqft | $991,950 | Barclay Estates 48374 |
| 2026-06-06 | Rent | townhouse | $1.47 / sqft | 2,130 sqft | $3,131 | Walden Woods 48374 |
| 2026-06-04 | Rent | luxury apartment | $2.12 / sqft | 1,260 sqft | $2,671 | Novi Town Center 48375 |
| 2026-06-02 | Buy | condo | $216.00 / sqft | 1,240 sqft | $267,840 | Maples of Novi 48377 |
| 2026-05-31 | Buy | condo | $205.00 / sqft | 1,320 sqft | $270,600 | Lakewood Parkhomes 48377 |
| 2026-05-30 | Rent | multi-family home | $1.28 / sqft | 1,960 sqft | $2,509 | Old Novi 48375 |
| 2026-05-29 | Rent | apartment | $1.81 / sqft | 935 sqft | $1,692 | Twelve Oaks 48377 |
| 2026-05-28 | Buy | condo | $213.00 / sqft | 980 sqft | $208,740 | Walled Lake/Novi 48377 |
| 2026-05-28 | Rent | apartment | $1.63 / sqft | 1,125 sqft | $1,834 | Pavilion Shore 48375 |
| 2026-05-26 | Rent | apartment | $1.53 / sqft | 1,180 sqft | $1,805 | Walled Lake/Novi 48377 |
| 2026-05-26 | Rent | condo | $1.59 / sqft | 1,510 sqft | $2,401 | Lakewood Parkhomes 48377 |
| 2026-05-26 | Buy | single-family home | $212.00 / sqft | 2,385 sqft | $505,620 | Village Oaks 48375 |
| 2026-05-25 | Buy | condo | $224.00 / sqft | 1,540 sqft | $344,960 | Country Place 48375 |
| 2026-05-25 | Buy | duplex | $184.00 / sqft | 2,320 sqft | $426,880 | Old Novi 48375 |
| 2026-05-23 | Buy | multi-family home | $177.00 / sqft | 3,180 sqft | $562,860 | Old Novi 48375 |
| 2026-05-22 | Rent | apartment | $1.64 / sqft / month | 1,050 sqft | $1,722 | Twelve Oaks 48377 |
| 2026-05-21 | Rent | single-family home | $1.51 / sqft | 2,285 sqft | $3,450 | Tollgate Woods 48374 |
| 2026-05-20 | Buy | single-family home | $226.00 / sqft | 2,765 sqft | $624,890 | Briarwood 48375 |
| 2026-05-18 | Rent | townhouse | $1.64 / sqft | 1,775 sqft | $2,911 | Asbury Park 48375 |
| 2026-05-15 | Rent | luxury apartment | $2.21 / sqft | 1,450 sqft | $3,205 | Twelve Oaks 48375 |
| 2026-05-13 | Rent | apartment | $1.72 / sqft | 840 sqft | $1,445 | Twelve Oaks 48377 |
| 2026-05-10 | Rent | apartment | $1.49 / sqft | 760 sqft | $1,132 | Walled Lake/Novi 48377 |
| 2026-05-07 | Buy | single-family home | $247.00 / sqft | 3,620 sqft | $894,140 | Island Lake 48374 |
| 2026-05-02 | Buy | single-family home | $221.00 / sqft | 2,945 sqft | $650,845 | Orchard Hills 48375 |
| 2026-05-01 | Rent | luxury apartment | $1.96 / sqft | 1,325 sqft | $2,597 | Pavilion Shore 48375 |
| 2026-04-30 | Buy | single-family home | $241.00 / sqft | 3,340 sqft | $804,940 | Tollgate Woods 48374 |
| 2026-04-26 | Rent | townhouse | $1.58 / sqft | 1,885 sqft | $2,978 | Gateway Townhomes 48375 |
| 2026-04-26 | Buy | townhouse | $221.00 / sqft | 1,715 sqft | $379,015 | Gateway Townhomes 48375 |
| 2026-04-25 | Rent | apartment | $1.58 / sqft | 690 sqft | $1,090 | Old Novi 48375 |
| 2026-04-23 | Buy | condo | $226.00 / sqft | 1,485 sqft | $335,610 | Country Place 48375 |
| 2026-04-22 | Buy | loft | $229.00 / sqft | 860 sqft | $196,940 | Main Street Village 48375 |
| 2026-04-21 | Rent | apartment | $1.68 / sqft | 1,085 sqft | $1,823 | Village Oaks 48375 |
| 2026-04-20 | Rent | single-family home | $1.39 / sqft | 2,210 sqft | $3,072 | Walden Woods 48374 |
| 2026-04-19 | Buy | single-family home | $264.00 / sqft | 4,025 sqft | $1,062,600 | Island Lake 48374 |
| 2026-04-17 | Rent | single-family home | $1.45 / sqft | 2,390 sqft | $3,466 | Chase Farms 48374 |
| 2026-04-17 | Buy | single-family home | $236.00 / sqft | 3,760 sqft | $887,360 | Island Lake 48374 |
| 2026-04-13 | Rent | townhouse | $1.55 / sqft | 1,540 sqft | $2,387 | Simmons Orchard 48375 |
| 2026-04-11 | Buy | single-family home | $229.00 / sqft | 2,840 sqft | $650,360 | Chase Farms 48374 |
| 2026-04-09 | Rent | loft | $1.86 / sqft | 1,015 sqft | $1,888 | Novi Town Center 48375 |
| 2026-04-08 | Buy | townhouse | $227.00 / sqft | 2,110 sqft | $478,970 | Addington Park 48375 |
| 2026-04-06 | Rent | apartment | $1.74 / sqft | 605 sqft | $1,053 | Novi Road Corridor 48375 |
| 2026-04-06 | Buy | luxury single-family home | $282.00 / sqft | 4,210 sqft | $1,187,220 | Tuscany Reserve 48374 |
| 2025-08-07 | Rent | townhouse | $1.61 / sqft / month | 1,880 sqft | $3,027 | Asbury Park 48375 |
| 2025-06-18 | Buy | single-family home | $228.00 / sqft | 3,185 sqft | $726,180 | Addington Park 48374 |
| 2024-10-01 | Rent | luxury apartment | $1.78 / sqft / month | 1,185 sqft | $2,109 | Novi Town Center 48375 |
| 2024-05-15 | Buy | condo | $211.00 / sqft | 1,620 sqft | $341,820 | Country Place 48375 |
| 2023-09-20 | Rent | condo | $1.48 / sqft / month | 1,460 sqft | $2,161 | Lakewood Parkhomes 48377 |
| 2023-06-02 | Buy | single-family home | $219.00 / sqft | 3,475 sqft | $761,025 | Tuscany Reserve 48374 |
| 2022-08-11 | Rent | single-family home | $1.36 / sqft / month | 2,361 sqft | $3,563 | Tollgate Woods 48374 |
| 2022-04-22 | Buy | townhouse | $207.00 / sqft | 1,940 sqft | $401,580 | Gateway Townhomes 48375 |
| 2021-10-01 | Rent | apartment | $1.55 / sqft / month | 930 sqft | $1,442 | Walled Lake/Novi 48377 |
| 2021-05-06 | Buy | single-family home | $201.00 / sqft | 2,920 sqft | $586,920 | Andelina Ridge 48374 |
| 2020-09-14 | Rent | townhouse | $1.32 / sqft / month | 1,710 sqft | $2,257 | Simmons Orchard 48375 |
| 2020-07-10 | Buy | condo | $176.00 / sqft | 1,575 sqft | $277,200 | Maples of Novi 48377 |
| 2019-11-01 | Rent | luxury apartment | $1.52 / sqft / month | 1,120 sqft | $1,702 | Novi Town Center 48375 |
| 2019-06-26 | Buy | single-family home | $181.00 / sqft | 3,650 sqft | $660,650 | Island Lake 48374 |
| 2018-08-03 | Rent | single-family home | $1.15 / sqft / month | 2,480 sqft | $2,852 | Walden Woods 48374 |
| 2018-05-31 | Buy | townhouse | $168.00 / sqft | 1,840 sqft | $309,120 | Asbury Park 48375 |
| 2017-09-27 | Rent | condo | $1.23 / sqft / month | 1,350 sqft | $1,661 | Lakewood Parkhomes 48377 |
| 2017-07-14 | Buy | single-family home | $174.00 / sqft | 3,310 sqft | $575,940 | Chase Farms 48374 |
| 2016-12-01 | Rent | apartment | $1.29 / sqft / month | 1,010 sqft | $1,303 | Twelve Oaks 48377 |
| 2016-04-25 | Buy | single-family home | $162.00 / sqft | 2,860 sqft | $463,320 | Briarwood 48375 |
| 2015-08-18 | Rent | townhouse | $1.11 / sqft / month | 1,625 sqft | $1,804 | Gateway Townhomes 48375 |
| 2015-06-03 | Buy | condo | $148.00 / sqft | 1,410 sqft | $208,680 | Maples of Novi 48377 |
| 2014-10-01 | Rent | apartment | $1.18 / sqft / month | 820 sqft | $968 | Old Novi 48375 |
| 2014-05-19 | Buy | single-family home | $151.00 / sqft | 3,430 sqft | $517,930 | Tollgate Woods 48374 |
| 2013-07-24 | Rent | single-family home | $0.99 / sqft / month | 2,300 sqft | $2,277 | Royal Crown Estates 48374 |
| 2013-03-12 | Buy | townhouse | $139.00 / sqft | 1,720 sqft | $239,080 | Simmons Orchard 48375 |
| 2012-09-09 | Rent | condo | $1.02 / sqft / month | 1,275 sqft | $1,301 | Lakewood Parkhomes 48377 |
| 2012-06-21 | Buy | single-family home | $134.00 / sqft | 3,100 sqft | $415,400 | Island Lake 48374 |
| 2011-11-01 | Rent | apartment | $1.05 / sqft / month | 940 sqft | $987 | Novi Town Center 48375 |
| 2011-04-29 | Buy | single-family home | $121.00 / sqft | 2,780 sqft | $336,380 | Walden Woods 48374 |
| 2010-08-16 | Rent | townhouse | $0.89 / sqft / month | 1,480 sqft | $1,317 | Village Oaks 48375 |
| 2010-05-07 | Buy | condo | $112.00 / sqft | 1,325 sqft | $148,400 | Maples of Novi 48377 |
| 2009-10-01 | Rent | apartment | $0.96 / sqft / month | 870 sqft | $835 | Twelve Oaks 48377 |
| 2009-06-19 | Buy | townhouse | $101.00 / sqft | 1,650 sqft | $166,650 | Gateway Townhomes 48375 |
| 2008-12-05 | Rent | single-family home | $0.82 / sqft / month | 1,980 sqft | $1,624 | Briarwood 48375 |
| 2008-04-24 | Buy | single-family home | $104.00 / sqft | 2,210 sqft | $229,840 | Meadowbrook Glens 48375 |
| 2007-09-18 | Rent | condo | $0.94 / sqft / month | 1,220 sqft | $1,147 | Lakewood Parkhomes 48377 |
| 2007-05-30 | Buy | single-family home | $119.00 / sqft | 3,020 sqft | $359,380 | Chase Farms 48374 |
| 2006-11-01 | Rent | apartment | $1.03 / sqft / month | 760 sqft | $783 | Novi Town Center 48375 |
| 2006-06-08 | Buy | condo | $127.00 / sqft | 1,490 sqft | $189,230 | Maples of Novi 48377 |
| 2005-08-22 | Rent | townhouse | $0.91 / sqft / month | 1,550 sqft | $1,411 | Simmons Orchard 48375 |
| 2005-03-15 | Buy | single-family home | $132.00 / sqft | 2,480 sqft | $327,360 | Village Oaks 48375 |
| 2004-10-01 | Rent | apartment | $0.98 / sqft / month | 990 sqft | $970 | Walled Lake/Novi 48377 |
| 2004-07-26 | Buy | single-family home | $139.00 / sqft | 3,350 sqft | $465,650 | Tollgate Woods 48374 |
| 2003-12-10 | Rent | single-family home | $0.77 / sqft / month | 2,100 sqft | $1,617 | Walden Woods 48374 |
| 2003-04-11 | Buy | condo | $121.00 / sqft | 1,365 sqft | $165,165 | Lakewood Parkhomes 48377 |
| 2002-09-05 | Rent | duplex | $0.79 / sqft / month | 1,440 sqft | $1,138 | Orchard Hills 48375 |
| 2002-05-17 | Buy | single-family home | $125.00 / sqft | 3,180 sqft | $397,500 | Island Lake 48374 |
| 2001-11-01 | Rent | apartment | $0.92 / sqft / month | 820 sqft | $754 | Novi Town Center 48375 |
| 2001-03-29 | Buy | townhouse | $112.00 / sqft | 1,510 sqft | $169,120 | Gateway Townhomes 48375 |
| 2000-08-14 | Rent | condo | $0.85 / sqft / month | 1,185 sqft | $1,007 | Maples of Novi 48377 |
| 2000-06-05 | Buy | single-family home | $116.00 / sqft | 2,890 sqft | $335,240 | Royal Crown Estates 48374 |
| 1999-10-01 | Rent | apartment | $0.86 / sqft / month | 930 sqft | $800 | Twelve Oaks 48377 |
| 1999-02-16 | Buy | multi-family home | $83.00 / sqft | 2,750 sqft | $228,250 | Old Novi 48375 |
| 1998-07-20 | Rent | townhouse | $0.78 / sqft / month | 1,360 sqft | $1,061 | Simmons Orchard 48375 |
| 1998-04-09 | Buy | single-family home | $106.00 / sqft | 2,610 sqft | $276,660 | Chase Farms 48374 |
| 1997-09-12 | Rent | single-family home | $0.68 / sqft / month | 1,850 sqft | $1,258 | Chase Farms 48374 |
| 1997-06-27 | Buy | condo | $96.00 / sqft | 1,280 sqft | $122,880 | Country Place 48375 |
| 1996-12-01 | Rent | apartment | $0.81 / sqft / month | 720 sqft | $583 | Novi Town Center 48375 |
| 1996-03-18 | Buy | single-family home | $98.00 / sqft | 2,360 sqft | $231,280 | Briarwood 48375 |
| 1995-08-10 | Rent | condo | $0.74 / sqft / month | 1,010 sqft | $747 | Lakewood Parkhomes 48377 |
| 1995-05-22 | Buy | townhouse | $88.00 / sqft | 1,425 sqft | $125,400 | Gateway Townhomes 48375 |
| 1994-10-01 | Rent | apartment | $0.76 / sqft / month | 890 sqft | $676 | Walled Lake/Novi 48377 |
| 1994-07-08 | Buy | single-family home | $91.00 / sqft | 2,140 sqft | $194,740 | Orchard Hills 48374 |
| 1993-11-15 | Rent | townhouse | $0.69 / sqft / month | 1,250 sqft | $863 | Village Oaks 48375 |
| 1993-04-20 | Buy | condo | $76.00 / sqft | 1,120 sqft | $85,120 | Maples of Novi 48377 |
| 1992-09-01 | Rent | apartment | $0.72 / sqft / month | 760 sqft | $547 | Old Novi 48375 |
| 1992-06-12 | Buy | single-family home | $83.00 / sqft | 1,830 sqft | $151,890 | Meadowbrook Glens 48375 |
Housing market overview for Novi, MI
The real estate market in Novi, MI can be compared more clearly by looking at price per square foot. Current estimates show an average buy price of $224.00 / sqft and an average rent of $1.61 / sqft / month.
Buyers can use the purchase price per square foot to compare homes, condos and apartments of different sizes. Renters can use monthly rent per square foot to compare different rental listings more accurately.
The reported values on this page show how prices can vary by neighborhood, property type, size and condition. Historical values help explain whether the local market has been rising, stable or cooling.
Frequently asked questions
What is the average home price per square foot in Novi?
The average residential buy price in Novi, MI is $224.00 / sqft based on the current values available on this page.
How much is rent per square foot in Novi?
The average rental price in Novi, MI is $1.61 / sqft / month. Actual rents can vary by neighborhood, property type and building quality.
Are property prices in Novi increasing?
Buy prices have increased by about 17.4% over the last 5 years. Rent prices have increased by about 5.8% over the last 5 years. These 5-year trends are based on the available individual historical comparable values.