Northville, MI Home Values & Market Trends

Real estate market trends reflect that there have been 658 transactions over the past year in Northville. The median value for residential home transactions that occurred over the previous year is $518,087.27. The number of current listings in Northville is 53, and the percentage of properties for sale in the city is 53.00%. Northville, MI currently has 6 properties in foreclosure, 0 bank owned properties, 6 properties headed for auction, and 53 properties for sale.

Northville, MI Real Estate Market Overview

ZipMedian Est. ValueZipMedian Est. Value
48167

$ 381,015

$ 207/sqft

48168

$ 671,902

$ 221/sqft

Housing Market Summary for Northville, MI

Mar 2023February 2024Change
Median Listing Price$499.9K$457.9K-8.40%
Median Sold Price$490.9K$457.9K-6.73%
Homes For Sale3936-7.69%
Homes Sold5255433.43%
Price
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Homes For Sale
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Price Per Square Foot

On an average, Single Family homes cost $33 more per sqft than Condos. In comparison with sales price/sqft last week, list price/sqft of Single Family homes increased by 1.93% whereas, list price/sqft of Condos increased by 9.38%.

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Browse Homes in Northville, MI

Northville home values range from $31,750 to $5,815,657. The median estimated value of a home in Northville is $518,087.27. The median list price of a home is 549,000, and the total count of properties in the city is 16,543.

Foreclosure
There are 2 zips within Northville, MI; within these zips, the median estimated home value for homes in foreclosure ranges from $1,044,672 in 48167 to the lowest value of $387,131 in 48167. Foreclosure homes account for 0.00% of properties in Northville, MI with 48167 containing 4 foreclosures, the highest number of foreclosure properties in a single zip.
  • Pre-Foreclosure
    Pre-foreclosure homes account for 0% of all residential properties in Northville, MI with $[pre-foreclosures-highest-count-region] containing 0 pre-foreclosures, the highest number of pre-foreclosure properties in a single zip. There are 2 zips within Northville, MI; of those zips, the estimated home value for pre-foreclosure homes ranges from $0 in N/A to the lowest home value of $0 in $[pre-foreclosures-lowest-avm-region].
  • Bank Owned
    The median estimated home value of bank owned homes (REO properties) in Northville, MI ranges from the highest value of $0 in N/A to the lowest value of $0 in N/A. Bank owned homes and properties account for 0% of properties in Northville, MI. There are 2 zips within Northville, MI; N/A containing 0 REO properties, has the highest number of bank owned properties in a single zip.
  • Auctions
    48167 has 4 auction properties, the highest number of properties going to auction in a single zip in the state of Northville, MI. Auction homes and other auction properties account for 0.04% of all properties in Northville, MI. There are 2 zips within Northville, MI; of those zips, the median estimated home value for homes going to auction ranges from $558,824 in 48168 to the lowest value of $387,131 in 48168.
Homes for Sale
Homes and properties that are actively listed for sale account for 0.32% of residential properties in Northville, MI with 48167 containing 27 homes for sale, the highest number of listed properties in a single zip. There are 2 zips within Northville, MI; homes for sale in those zips, have a range of median values from $1,419,252 in 48168 to the lowest value of $165,920 in 48167.
    Sold Homes
    The median value for recently sold homes ranges from $2,183,620 in 48168 to the lowest price of $101,086 in 48168. There are 2 zips within Northville, MI. 48167 has 297 recently sold homes, the highest number of recently sold properties in a single zip. Recently sold homes and properties account for 3.06% of properties in Northville, MI.

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      Guide for Northville, MI

      RealtyTrac Market Report
      Michigan
      2023 Michigan Real Estate Market: Analysis Reveals Booming Property Values and Volatile Sold Prices
      Michigan
      Detroit Real Estate Market Holds Steady: 2023 in Review
      Investment Guides
      Why Buying a Foreclosure is a Smart Move
      Investing Strategies
      How To Identify The Best Cities to Invest In 2024
      See More Articles
      RealtyTrac Market Report
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      Michigan|posted 8 December 2023

      Explore the nuances of Michigan’s 2023 real estate market, where rising property values meet shifting sold prices and distressed properties offer investment opportunities amidst a stable yet competitive landscape.

      Detroit Real Estate Market Holds Steady: 2023 in Review
      Michigan|posted 25 January 2024

      The 2023 Detroit real estate market trend showed steady average listing values and an increase in property sales, with neighboring cities displaying more fluctuation but higher property values. This reflects the city’s resilience amidst an unpredictable industry landscape.

      Why Buying a Foreclosure is a Smart Move
      Investment Guides|posted 15 November 2017

      Why Buying a Foreclosure is a Smart Move

      How To Identify The Best Cities to Invest In 2024
      Investing Strategies|posted 28 March 2024

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