Comprehensive market data and analysis• Updated Dec 2025
13.5 months of supply
High inventory favors buyers with more choices and negotiating power.
| Acreage | 30D | 3M | 6M | 12M |
|---|---|---|---|---|
| 0-1 acres | - | - | 1 | 3 |
| 1-2 acres | - | - | - | 1 |
| 2-5 acres | - | 1 | 1 | 3 |
| 5-10 acres | - | 1 | 1 | 1 |
| 10-20 acres | - | - | - | - |
| 20-50 acres | - | - | - | - |
| 50-100 acres | - | - | - | - |
| 100+ acres | - | - | - | - |
| TOTAL | 0 | 2 | 3 | 8 |
Acreage buckets
The median price for land in Novi, Michigan is currently $134K per acre. For a typical parcel, the median sale price is $260K. Market volatility is currently high, meaning prices can vary significantly based on location and access. Recently, the cheapest land sold for $88K while premium lots reached $693K.
Novi, Michigan is currently a strong buyer's market with 13.5 months of supply. Buyers have more negotiating power and can take time to find the right property.
Novi, Michigan currently has 13.5 months of inventory supply. This indicates a strong buyer's market. This balanced supply gives both buyers and sellers fair opportunities.
There are currently 9 active listings in Novi, Michigan. 6 new listings have hit the market in the last 90 days. The median asking price is $350K.
Land in Novi, Michigan typically sells within 162 days of listing. The median time on market is 141 days. Properties are moving slowly in the current strong buyer's market.
The current absorption rate in Novi, Michigan is 7.4% (3-month basis), indicating slow demand. The top-performing broker in this market is Brandt Real Estate.
Over the past 12 months, Novi, Michigan saw 8 properties sold, totaling $2.7M in sales volume. In just the last 3 months, 2 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. Data is updated regularly but some transactions may have reporting delays. For the most accurate assessment of a specific property, we recommend consulting with a local real estate professional.
