House Prices

Novi Lake Novi, MI House Prices & Home Values 2026


Average Data

average house price$418,918
average size per house2082 ft²
average price per ft²218 $ / ft²

04/15/2026 - The value range (VR) for house prices in Novi Lake Novi, MI is $207.1/ sqft to $228.9/ sqft. An average home with 2082 sqft costs approximately $466,540 to $515,649. 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 $218. Our analysis is based on 13 property listings.

Avergage prices by ZIP codes Novi Lake Novi

48377208 $ / ft²




Historical development of home values in Novi Lake Novi

Year Estimated value (USD) Change vs. 2025
2010 $194,553 -53.6%
2011 $187,030 -55.4%
2012 $186,526 -55.5%
2013 $193,498 -53.8%
2014 $203,120 -51.5%
2015 $213,544 -49.0%
2016 $224,689 -46.4%
2017 $236,816 -43.5%
2018 $249,908 -40.3%
2019 $261,496 -37.6%
2020 $275,014 -34.4%
2021 $312,799 -25.3%
2022 $364,654 -13.0%
2023 $384,544 -8.2%
2024 $406,791 -2.9%
2025 $418,918 0.0%

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



Example: 100% financing house in Novi Lake Novi

Loan amount: $418,918

Interest rate: 6.49%

Fixed monthly payment: $2,645.64

Breakdown in the 1st month:
Interest portion: $2,266.35  –  Principal portion: $379.30

Yearly breakdown (100% financing)

Year Interest per year ($) Principal per year ($) Remaining balance at year-end ($)
1 $27,058.25 $4,689.46 $414,228.54
2 $26,744.59 $5,003.13 $409,225.41
3 $26,409.94 $5,337.77 $403,887.63
4 $26,052.92 $5,694.80 $398,192.83
5 $25,672.01 $6,075.71 $392,117.13
6 $25,265.62 $6,482.09 $385,635.03
7 $24,832.06 $6,915.66 $378,719.37
8 $24,369.49 $7,378.23 $371,341.14
9 $23,875.98 $7,871.74 $363,469.41
10 $23,349.47 $8,398.25 $355,071.16
11 $22,787.73 $8,959.99 $346,111.17
12 $22,188.43 $9,559.29 $336,551.88
13 $21,549.03 $10,198.68 $326,353.20
14 $20,866.87 $10,880.84 $315,472.35
15 $20,139.09 $11,608.63 $303,863.72
16 $19,362.62 $12,385.10 $291,478.63
17 $18,534.22 $13,213.50 $278,265.13
18 $17,650.41 $14,097.31 $264,167.82
19 $16,707.48 $15,040.23 $249,127.59
20 $15,701.49 $16,046.23 $233,081.36
21 $14,628.21 $17,119.51 $215,961.85
22 $13,483.13 $18,264.58 $197,697.27
23 $12,261.47 $19,486.25 $178,211.02
24 $10,958.10 $20,789.62 $157,421.40
25 $9,567.54 $22,180.18 $135,241.22
26 $8,083.98 $23,663.74 $111,577.48
27 $6,501.18 $25,246.54 $86,330.95
28 $4,812.52 $26,935.20 $59,395.75
29 $3,010.90 $28,736.81 $30,658.93
30 $1,088.78 $30,658.93 $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 Novi Lake Novi, MI


1500 sqft3900 sqft
Ø selling price$428,115$910,718
Ø fast selling$389,196$819,646
Ø high price sale$467,035$1,001,789

In 2026, houses in Novi Lake Novi, MI will be offered at an average price of $218 per square foot. A 1,500 sqft home priced at $428,115 is 24.89% more expensive per square foot than a 3,900 sqft home priced at $910,718. Home prices in Novi Lake 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 $630,497. Sellers who can wait longer may achieve a higher price of up to $770,607.


Discover Novi Lake in Novi, MI

Experience lakeside living in the Novi Lake neighborhood of Novi, MI, a scenic enclave known for its peaceful shores and friendly community.
This sought-after area blends natural beauty with suburban convenience, attracting homebuyers seeking serenity without sacrificing amenities. With its walkable streets and welcoming vibe, Novi Lake offers a true neighborhood feel.

Lifestyle and Recreation

Residents enjoy year-round outdoor enjoyment with waterfront views, neighborhood green spaces, and easy access to nearby parks and trails. Weekend routines often include sunrise strolls, casual shoreline picnics, and seasonal community events that celebrate lakeside living.

Location and Convenience

The neighborhood sits close to shopping, dining, and entertainment hubs like Twelve Oaks Mall and Novi?s vibrant retail corridors.
Commuters appreciate swift connections to I-96, I-275, and M-5, placing Metro Detroit employers and attractions within easy reach. Highly rated Novi Community School District schools and quality city services add to the area?s family-friendly appeal.

Real Estate and Community

Real estate around Novi Lake ranges from charming cottages to updated waterfront homes, offering options for a variety of lifestyles and budgets. If you are exploring homes for sale in Novi, this neighborhood?s mix of location, value, and natural setting makes it a standout choice.



FAQ – Home Values in Novi Lake Novi

What is the median home value in Novi Lake Novi in 2026?

In 2026, the typical home value in Novi Lake Novi is about $418,918 for an average home size of 2082 square feet. This corresponds to an average price of roughly $218 per square foot.

What is the average cost per square foot in Novi Lake Novi?

In 2026, homes in Novi Lake Novi sell for an average of around $218 per square foot, with a typical range between $207.1 and $228.9 per square foot, depending on the property’s location, condition, and lot size.

What is the average home size in Novi Lake?

The average home size in Novi Lake Novi is about 2082 square feet, with an estimated 2026 value around $418,918.



Neighborhoods close to Novi Lake 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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