Market Intelligence · MI / Novi

Novi, MI 48377 Housing Market

In Novi, MI 48377, the typical home value is $378,334, up 1.1% over the past year as of September 2026. Homes are listing at a median price of $368,725 and spending a median of 25 days on the market. That points to a market where values are holding steady and homes are moving at a reasonable pace.

Updated September 2026Median value$378K

The median home value in Novi, MI 48377 is $378K as of September 2026, up 1.1% 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.

Sell without the wait

Sell your Novi home for cash.

A competitive, no-obligation cash offer from our institutional network. No repairs, no showings, close on your timeline. Most sellers get their cash offer within 24 hours.

Typical 48377 range

$348K to $409K

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.

Asset monitoring

Track your home's value.

A free monthly briefing with your estimated value and 48377 market stats. Unsubscribe anytime.

See how a cash offer works citywide: Sell your house fast in Novi, MI.

12-month value trend

+1.1% over 12 months

Sep 2025$374K

Low $374KHigh $383K

Sep 2026$378K

The numbers

What is the 48377 housing market like?

As of September 2026

Typical home value

$378K

1.1%YoY

Median list price

$369K

3.9%MoM

Days on market

39.0%MoM

Homes for sale

25.9%MoM

Price cuts

25.8%

99.8%MoM

New listings

50.0%MoM

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

The outlook

48377 housing market forecast 2027

+1.3%

Zillow forecast, 12 months to September 2027

Zillow forecasts typical home values in 48377 to rise 1.3% by September 2027.

Over the 12 months through September 2026, typical home values in 48377 rose 1.1%, per the Zillow Home Value Index.

Will home prices drop in 48377?

Zillow's forecast does not call for a drop: it expects typical home values in 48377 to rise 1.3% by September 2027, after a 1.1% 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.

Free home value report

See what your 48377 home is worth.

See your estimated value and a real cash offer, side by side. No obligation, about a minute.

The comparison

How do 48377 home prices compare?

48377$378,334
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

As of September 2026, there are 34 homes for sale in 48377, with 24 new listings entering the market. The median list price sits at $368,725, just below the typical home value of $378,334. Homes are selling at a median of 25 days on market, so well-priced properties are not sitting long. Still, 25.8% of listings have taken a price cut, which shows sellers do not have unlimited room to aim high. For a seller, the honest read is that demand is there, but accurate pricing from day one matters.

Monthly payment

Estimate your monthly payment.

Home price

Down payment20% · $75,667

Term

Rate (%)

Common questions

What people ask us.

How much is a home in 48377 worth?

The typical home value in 48377 is $378,334 as of September 2026, up 1.1% over the past year. The median list price for active listings is $368,725.

How fast are homes selling in 48377?

Homes in 48377 are spending a median of 25 days on the market as of September 2026. That suggests buyers are active and correctly priced homes move in a few weeks.

Is 48377 a buyer's or seller's market?

With 34 homes for sale and 24 new listings as of September 2026, inventory is relatively limited, but 25.8% of listings have had a price cut. Conditions lean toward sellers who price realistically, while overpriced homes are getting adjusted.

Discover

Nearby ZIP markets.

Keep reading