Comprehensive market data and analysis• Updated Oct 2026
36.0 months of supply
High inventory favors buyers with more choices and negotiating power.
| Acreage | 30D | 3M | 6M | 12M |
|---|---|---|---|---|
| 0-1 acres | - | - | - | 1 |
| 1-2 acres | - | 1 | 1 | 1 |
| 2-5 acres | - | - | - | - |
| 5-10 acres | - | - | - | 1 |
| 10-20 acres | - | - | - | - |
| 20-50 acres | - | - | - | - |
| 50-100 acres | - | - | - | - |
| 100+ acres | - | - | - | - |
| TOTAL | 0 | 1 | 1 | 3 |
Acreage buckets
The median price for land in Novi, Michigan is currently $125K per acre. For a typical parcel, the median sale price is $179K. Market volatility is currently high, meaning prices can vary significantly based on location and access. Recently, the cheapest land sold for $136K while premium lots reached $536K.
Novi, Michigan is currently a strong buyer's market with 36.0 months of supply. Buyers have more negotiating power and can take time to find the right property.
Novi, Michigan currently has 36.0 months of inventory supply. This indicates a strong buyer's market. High supply means buyers have plenty of choices and stronger negotiating position.
There are currently 12 active listings in Novi, Michigan. 4 new listings have hit the market in the last 90 days. The median asking price is $310K.
Land in Novi, Michigan typically sells within 45 days of listing. The median time on market is 45 days. Properties are moving quickly in the current strong buyer's market.
The current absorption rate in Novi, Michigan is 2.8% (3-month basis), indicating slow demand. The top-performing broker in this market is Oak and Stone Real Estate.
Over the past 12 months, Novi, Michigan saw 3 properties sold, totaling $929K in sales volume. In just the last 3 months, 1 properties changed hands.
Market statistics are compiled from multiple sources including LandyDandy listings, Zillow.com, Realtor.com, Redfin.com, county records, and MLS data. While we strive for accuracy, these figures are estimates and may not reflect 100% of market activity, and some transactions are reported late. The date at the top of the page is the report date. For the most accurate assessment of a specific property, we recommend consulting with a local real estate professional.
See land for sale and off-market property records in Novi on LandyDandy.
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