House Prices

Lakewoode Parkhomes Novi, MI House Prices & Home Values 2026


Average Data

average house price$360,068
average size per house1789 ft²
average price per ft²188 $ / ft²

04/15/2026 - The value range (VR) for house prices in Lakewoode Parkhomes Novi, MI is $178.6/ sqft to $197.4/ sqft. An average home with 1789 sqft costs approximately $297,150 to $328,429. Novi, MI includes 1 ZIP codes and it is located in Oakland county. The lowest prices are found in ZIP 48377, while the highest are in ZIP 48377. The average price per sqare feet is $188. Our analysis is based on 13 property listings.

Avergage prices by ZIP codes Lakewoode Parkhomes Novi

48377179 $ / ft²




Historical development of home values in Lakewoode Parkhomes Novi

Year Estimated value (USD) Change vs. 2025
2010 $167,222 -53.6%
2011 $160,756 -55.4%
2012 $160,323 -55.5%
2013 $166,315 -53.8%
2014 $174,585 -51.5%
2015 $183,545 -49.0%
2016 $193,124 -46.4%
2017 $203,548 -43.5%
2018 $214,801 -40.3%
2019 $224,761 -37.6%
2020 $236,380 -34.4%
2021 $268,857 -25.3%
2022 $313,427 -13.0%
2023 $330,523 -8.2%
2024 $349,644 -2.9%
2025 $360,068 0.0%

Graph: estimated home values in Lakewoode Parkhomes Novi over time (USD)



Example: 100% financing house in Lakewoode Parkhomes Novi

Loan amount: $360,068

Interest rate: 5.58%

Fixed monthly payment: $2,062.54

Breakdown in the 1st month:
Interest portion: $1,674.32  –  Principal portion: $388.22

Yearly breakdown (100% financing)

Year Interest per year ($) Principal per year ($) Remaining balance at year-end ($)
1 $19,970.78 $4,779.65 $355,288.35
2 $19,697.15 $5,053.28 $350,235.07
3 $19,407.85 $5,342.58 $344,892.49
4 $19,101.99 $5,648.44 $339,244.06
5 $18,778.62 $5,971.81 $333,272.25
6 $18,436.74 $6,313.69 $326,958.56
7 $18,075.29 $6,675.14 $320,283.42
8 $17,693.14 $7,057.29 $313,226.12
9 $17,289.11 $7,461.32 $305,764.80
10 $16,861.96 $7,888.48 $297,876.33
11 $16,410.35 $8,340.09 $289,536.24
12 $15,932.88 $8,817.55 $280,718.69
13 $15,428.08 $9,322.35 $271,396.34
14 $14,894.38 $9,856.05 $261,540.29
15 $14,330.13 $10,420.30 $251,119.98
16 $13,733.57 $11,016.86 $240,103.12
17 $13,102.86 $11,647.57 $228,455.55
18 $12,436.04 $12,314.39 $216,141.17
19 $11,731.05 $13,019.38 $203,121.79
20 $10,985.70 $13,764.73 $189,357.06
21 $10,197.68 $14,552.75 $174,804.30
22 $9,364.54 $15,385.89 $159,418.41
23 $8,483.71 $16,266.72 $143,151.69
24 $7,552.45 $17,197.98 $125,953.70
25 $6,567.87 $18,182.56 $107,771.14
26 $5,526.93 $19,223.50 $88,547.64
27 $4,426.40 $20,324.04 $68,223.61
28 $3,262.86 $21,487.58 $46,736.03
29 $2,032.70 $22,717.73 $24,018.30
30 $732.13 $24,018.30 $0.00

Note: The calculation is based on a standard annuity mortgage with a fixed monthly payment over the entire term. Extra payments, interest rate changes, and additional purchase costs (e.g. taxes, notary fees) are not included.


How to sell in Lakewoode Parkhomes Novi, MI


1500 sqft3900 sqft
Ø selling price$317,335$675,058
Ø fast selling$288,486$607,552
Ø high price sale$346,184$742,563

In 2026, houses in Lakewoode Parkhomes Novi, MI will be offered at an average price of $188 per square foot. A 1,500 sqft home priced at $317,335 is 21.39% more expensive per square foot than a 3,900 sqft home priced at $675,058. Home prices in Lakewoode Parkhomes Novi, MI vary significantly depending on the property’s condition and exact location. For a quick sale, a 2,700 sqft home should be listed at around $467,348. Sellers who can wait longer may achieve a higher price of up to $571,203.


Lakewoode Parkhomes in Novi, MI

Lakewoode Parkhomes is a well-kept residential community in Novi, Michigan, known for its convenient location and easy-living lifestyle.

Tucked amid mature landscaping and quiet streets, the neighborhood offers a peaceful suburban feel with quick city access.

Location & Convenience

Residents enjoy fast connections to I-96, I-275, and M-5, streamlining commutes across Metro Detroit.

Everyday shopping, dining, and entertainment are close by at destinations like Twelve Oaks Mall and Twelve Mile Crossing at Fountain Walk.

Homes & Lifestyle

Homes in Lakewoode Parkhomes feature practical floor plans with open living areas, private entries, and outdoor patios or balconies.

An active homeowners association helps simplify ownership by handling exterior upkeep, landscaping, and seasonal snow removal.

Amenities & Outdoor Recreation

Outdoor lovers are minutes from Lakeshore Park on Walled Lake, the ITC Corridor Trail, and a variety of playgrounds and athletic fields.

The neighborhood?s walkable setting and nearby parks encourage a healthy, pet-friendly lifestyle.

Schools & Real Estate

Many addresses in this part of Novi are served by the highly regarded Novi Community School District, with additional educational options nearby.

Buyers searching for homes for sale in Lakewoode Parkhomes, Novi MI value the neighborhood?s prime location, livability, and strong long-term appeal.



FAQ – Home Values in Lakewoode Parkhomes Novi

What is the median home value in Lakewoode Parkhomes Novi in 2026?

In 2026, the typical home value in Lakewoode Parkhomes Novi is about $360,068 for an average home size of 1789 square feet. This corresponds to an average price of roughly $188 per square foot.

What is the average cost per square foot in Lakewoode Parkhomes Novi?

In 2026, homes in Lakewoode Parkhomes Novi sell for an average of around $188 per square foot, with a typical range between $178.6 and $197.4 per square foot, depending on the property’s location, condition, and lot size.

What is the average home size in Lakewoode Parkhomes?

The average home size in Lakewoode Parkhomes Novi is about 1789 square feet, with an estimated 2026 value around $360,068.



Neighborhoods close to Lakewoode Parkhomes Novi, MI

Downtown Flint Flint, MI28 $ / ft²
Forest Dunes Roscommon, MI73 $ / ft²
Springport Harrisville, MI88 $ / ft²
Aldingbrooke West Bloomfield, MI236 $ / ft²
Bloomfield Square Bloomfield Hills, MI383 $ / ft²
Osborn Detroit, MI32 $ / ft²
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