Market report, updated

Market Report

Search in the zip of 48377

Trustrealtyhomes.com
Report prepared by Trustrealtyhomes.com Trust Realty Group LLC

Market at a glance

Over the last 6 months, homes sold for 99.5% of list price in 23 days on average.

Average price, last 12 months

What sellers asked vs. what homes actually sold for, by closing month.

List · $396K Sold · $392K
$560K$490K$420K$350K
NovDecJanFebMarAprMayJunJulAugSepOct

Homes sold per month

Closed sales, last 12 months.

Sold tab (last 6 months) Earlier

Peak: 19 sales in Aug. Last month: 10.

Where the market stands

All homes in this report, by status.

142homes
Active49 · 35%
Under contract8 · 6%
Sold (6 mo)85 · 60%

Buyer's or seller's market?

Months it would take to sell every active home at the pace of the last 6 months.

3.4months of inventory
Seller's, under 4BalancedBuyer's, over 6

Homes are selling quickly, which favors sellers in this market.

Average price by status

Active$404K
Under contract$382K
Sold$457K

Average days on market

Active49 days
Under contract45 days
Sold23 days

Browse homes by status

Choose a status to see its numbers, charts and listings.

Active homes

Currently for sale
Homes for sale 49
Average list price $404,067
Avg. days on market 49 days
Avg. price per ft² $184 Based on 47 of 49 homes
Avg. living area 2,147 ft² Based on 47 of 49 homes
Avg. beds / baths 2.8 / 2.6

Price vs. living area

Each dot is a home. Hover a dot for its address, click it to see the home.

2 homes didn’t report living area and aren’t shown.

$1.5M$1M$500K$0

Price vs. living area: 47 homes plotted, up to $1.5M and 6,000 ft².

0 ft²2,0004,0006,000 ft²

How long homes have been listed

Number of homes by days on market.

Bedroom mix

Number of homes by bedroom count.

1 home didn’t report bedrooms and isn’t shown.

Highest price per ft²

Top 7 homes in this status.

1367 E Lake Drive$495
29870 Martell Court$342
132 Maudlin Street$315
113 WAINWRIGHT$294
45856 Bristol Circle$257
130 Buffington Street$249
30718 Tanglewood Drive$242

All active listings

Click a column to sort
AddressBedsBathsLiving ft²List price$ / ft²Days on market
26869 Lowery StreetNovi, MI 48377 22950$50,000$521 day
1367 E Lake DriveNovi, MI 48377 432,625$1,299,999$4955 days
43050 12 Oaks Crescent DriveNovi, MI 48377 222,091$289,900$1386 days
29973 Montmorency DriveNovi, MI 48377 331,540$79,900$518 days
31109 Columbia DriveNovi, MI 48377 331,800$319,900$17710 days
41668 Steinbeck GlenNovi, MI 48377 42—$649,000—16 days
41935 Cantebury DriveNovi, MI 48377 222,422$300,000$12313 days
28360 Carlton Way DriveNovi, MI 48377 221,488$295,000$19813 days
27884 Middleton DriveNovi, MI 48377 231,500$345,000$23015 days
41772 Independence DriveNovi, MI 48377 222,005$275,000$13719 days
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These numbers move every month. For what they mean for your home, or for a home you have your eye on, get in touch.

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