Northville, MI Home Values & Market Trends
Real estate market trends reflect that there have been 660 transactions over the past year in Northville. The median value for residential home transactions that occurred over the previous year is $512,386.74. The number of current listings in Northville is 56, and the percentage of properties for sale in the city is 56.00%. Northville, MI currently has 5 properties in foreclosure, 1 bank owned properties, 4 properties headed for auction, and 56 properties for sale.
Northville, MI Real Estate Market Overview
Housing Market Summary for Northville, MI
| Apr 2023 | March 2024 | Change | |
|---|---|---|---|
| Median Listing Price | $500K | $463.2K | -7.35% |
| Median Sold Price | $494.9K | $463.2K | -6.40% |
| Homes For Sale | 56 | 45 | -19.64% |
| Homes Sold | 486 | 405 | -16.67% |
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%.
Recently Sold Homes
Explore recent offers and recently sold homes in Northville, MI
Browse Homes in Northville, MI
Northville home values range from $31,450 to $7,877,109. The median estimated value of a home in Northville is $512,386.74. The median list price of a home is 580,000, and the total count of properties in the city is 16,532.
- Pre-ForeclosurePre-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 OwnedThe median estimated home value of bank owned homes (REO properties) in Northville, MI ranges from the highest value of $1,648,357 in 48168 to the lowest value of $1,648,357 in 48168. Bank owned homes and properties account for 0.01% of properties in Northville, MI. There are 2 zips within Northville, MI; 48168 containing 1 REO properties, has the highest number of bank owned properties in a single zip.
- Auctions48167 has 3 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 0.02% 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 $553,767 in 48168 to the lowest value of $395,633 in 48168.
Compare Nearby Cities
More Real Estate Resources for Northville, MI
Guide for Northville, MI
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.
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
Information on foreclosure financing, refinancing, and foreclosure mortgages.