Novi, Michigan Housing Market Report: July 2026 | Michael Perna
Posted by Michael Perna on
By Michael Perna, Founder and CEO of The Perna Team at eXp Realty. Michigan Real Estate License #309650. Published July 3, 2026. Next update: August 2026.
Data source: MLS closed sales and active listings for Novi, MI (ZIP codes 48374, 48375, 48377), trailing 12 months through June 2026. Every number below was pulled and verified by The Perna Team. Our office is at 39475 W 13 Mile Rd, Suite 107, Novi, MI 48377. See methodology.
Is Novi a Seller's Market in July 2026?
Yes. Novi, Michigan is a decisive seller's market as of July 2026. The median Novi home sold for $590,000 in June 2026 and went under contract in 8 days. With 105 active listings against 83 already pending, Novi holds just 1.3 months of supply, far under the six months that defines a…
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