$10,000 Closing Credit*
$949,000
2,634 SqFt
3 Beds
•2 Full Baths, 1 Partial
Frank A Mastroianni, Listing Office: Real Estate One-Northville
Is Northville, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, Northville has remained a Seller's Market.
Key Takeaway
Northville is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Northville, MI
How much do homes in Northville, MI cost?
Median Sold Price
$576,333
$189/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$48,083(+9.1%)
Key Takeaway
Homes in Northville have sold for 9.1% more than they did a year ago.
Summary: The median home sold price in Northville was $576,333 in November 2024, up 9.1% from last year, and the median price per square foot was $189.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $145K | $159.5K | +10.0% |
| 2 Bedrooms | $300K | $295K | -1.7% |
| 3 Bedrooms | $457.5K | $472.5K | +3.3% |
| 4 Bedrooms | $688K | $758K | +10.2% |
| 5+ Bedrooms | $925K | $1.2M | +29.7% |
Summary: Northville housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 10%, 2 bedroom homes decreased by 1.7%, 3 bedroom homes increased by 3.3%, 4 bedroom homes increased by 10.2%, and 5+ bedroom homes increased by 29.7%.
Median Sold Price Compared To Nearby Cities
| Novi | $426K | $475K | +11.5% |
| Northville | $528.2K | $576.3K | +9.1% |
| Northville Township | $525K | $566.2K | +7.9% |
Housing Supply in Northville, MI
How many homes are available in Northville, MI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 151 | 129 | -14.6% |
Summary: The Northville real estate market had 129 homes for sale in November 2024, a 14.6% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 28 | 23 | -17.9% |
| 3 Bedrooms | 38 | 38 | 0.0% |
| 4 Bedrooms | 64 | 56 | -12.5% |
| 5+ Bedrooms | 21 | 12 | -42.9% |
Summary: The Northville housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 17.9%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 12.5%, and 5+ bedroom homes decreased by 42.9%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 48 | 39 | -18.8% |
Asking Price vs. Sold Price
24 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Northville, you may be able to get a good deal. 61.5% of homes here sold below asking price last month.
Summary: A total of 39 homes were sold or pending in Northville in November 2024, down by 18.8% month-over-month. Of the 39 sold homes, 62% were sold under asking, 21% were sold at asking, and 18% were sold over asking.
Days on Market for Northville, MI
How long does it take to sell a home in Northville, MI?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 26 Days | 37 Days | +41.5% |
Summary: Homes in Northville had an average of 37 days on market in Nov 2024, up by 41.5% compared to last year.
Breakdown of Home Sale Times
22 Homes Were Sold
Under 30 Days
13 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Northville are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 39 homes were sold in Northville; 56% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.
Disclaimer: Information deemed reliable, but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor this broker shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The data relating to real estate for sale on this website comes in part from the Broker Reciprocity Program of MichRIC, LLC. Real estate listings held by brokerage firms other than this broker are marked with the BR logo and detailed information includes the name of the listing broker. Copyright 2024 Grand Rapids Association of REALTORS® / Copyright © MichRIC, LLC. / MLS Exchange Inc. All rights reserved.