Market Intelligence · MI / Novi

Novi, MI 48375 Housing Market

In September 2026, the typical home value in Novi, MI 48375 was $398,976, up 2.8% over the past year. The median list price was $412,200 and homes spent a median of 35 days on market.

Updated September 2026Median value$399K

The median home value in Novi, MI 48375 is $399K as of September 2026, up 2.8% year over year, according to Zillow ZHVI. Get your own home's value and a real cash offer in about two minutes, with sources shown and no obligation.

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Typical 48375 range

$367K to $431K

This is an automated estimate, not an appraisal. Actual value is determined by current market conditions and professional evaluation. It is provided for informational purposes only and is not an offer to buy or a promise of value.

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12-month value trend

+2.8% over 12 months

Sep 2025$388K

Low $388KHigh $400K

Sep 2026$399K

The numbers

What is the 48375 housing market like?

As of September 2026

Typical home value

$399K

2.8%YoY

Median list price

$412K

6.3%MoM

Days on market

25.0%MoM

Homes for sale

11.6%MoM

Price cuts

23.3%

129.6%MoM

New listings

25.0%MoM

Sources · Zillow ZHVI (September 2026) / Realtor.com (September 2026) / FRED (October 2026)

The outlook

48375 housing market forecast 2027

+1.3%

Zillow forecast, 12 months to September 2027

Zillow forecasts typical home values in 48375 to rise 1.3% by September 2027.

Over the 12 months through September 2026, typical home values in 48375 rose 2.8%, per the Zillow Home Value Index.

Will home prices drop in 48375?

Zillow's forecast does not call for a drop: it expects typical home values in 48375 to rise 1.3% by September 2027, after a 2.8% rise over the past 12 months. Forecasts are not guarantees: mortgage rates, inventory, and the wider economy can move values either way.

Forecast: Zillow Home Value Forecast, published October 2026. A forecast, not a guarantee.

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The comparison

How do 48375 home prices compare?

48375$398,976
Novi$398,976
Michigan$241,156
United States$285,347

Median Zillow home value (ZHVI), as of September 2026. Comparison levels are medians across every ZIP code with Zillow data (Novi: 3 ZIPs; Michigan: 891 ZIPs; United States: 26,262 ZIPs).

Context

Novi, MI 48375 had 48 homes for sale in September 2026, with 24 new listings entering the market. The median list price was $412,200, while the typical home value was $398,976, up 2.8% over the past year. A median of 35 days on market suggests homes were still moving at a measured pace rather than stalling. At the same time, 23.3% of listings had a price cut, so some sellers were adjusting expectations. For a homeowner thinking about selling, pricing realistically from the start matters more than testing the market.

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Down payment20% · $79,795

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Common questions

What people ask us.

How much is a home in 48375 worth?

The typical home value in Novi, MI 48375 was $398,976 in September 2026, up 2.8% over the past year.

How fast are homes selling in 48375?

Homes spent a median of 35 days on market in September 2026. There were 48 homes for sale and 24 new listings.

Are Novi, MI 48375 prices still rising?

Typical values were up 2.8% over the past year as of September 2026. Still, 23.3% of listings had a price cut, which points to some pushback on asking prices.

Discover

Nearby ZIP markets.

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