Is Northville, MI a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Northville is a buyer's market

Buyer's
Market

Difference Since April 2021

At the same time last year, Northville was a Seller's Market.

Key Takeaway

Northville is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

How much do homes in Northville, MI cost?

Median Sold Price

$427,500

$223/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2021

+$21,000(+5.2%)

Key Takeaway

Homes in Northville have sold for 5.2% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSApr 2021Apr 2022%
1 $98K$100K
+2.0%
2 $218.9K$235K
+7.3%
3 $413.7K$399.9K
-3.3%
4 $537.5K$550K
+2.3%
5+ $660K$760K
+15.2%

Median Sold Price Compared To Nearby Cities

Novi
+14.8%
Northville
+5.2%
Northville Township
+4.0%

How many homes are available in Northville, MI?

Number of Homes For Sale

Mar 2022Apr 2022%
1524+60.0%

Homes For Sale By Bedroom Count

# BEDSMar 2022Apr 2022%
1 00
0.0%
2 55
0.0%
3 67
+16.7%
4 39
+200.0%
5+ 13
+200.0%

Number of Homes Sold

Mar 2022Apr 2022%
91-88.9%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Northville, you could pay more than the asking price. 100% of homes here sold above asking price last month.

Average Sale Time

Apr 2021Apr 2022%
9 Days6 Days-33.3%

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Northville are selling fast, if you're buying plan to act quickly.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

New

4308 Fish Lk, North Branch, MI 48461

4308 Fish Lk, North Branch, MI 48461

$685,000
2,751 SqFt
3 Bedrooms
~$3,050/mo.*2 Full Baths, 1 Partial
#60099771Listing Office:
MBA Real Estate ServicesMLS logo

New

505 Rouge, Northville, MI 48167

505 Rouge, Northville, MI 48167

$575,000
1,350 SqFt
3 Bedrooms
~$2,600/mo.*2 Full Baths
#60099347Listing Office:
GEM Realty & DevelopmentMLS logo

New

1118 Washington, Northville, MI 48167

1118 Washington, Northville, MI 48167

$325,000
1,387 SqFt
2 Bedrooms
~$1,450/mo.*2 Full Baths, 2 Partial
#60099132Listing Office:
RE/MAX New TrendMLS logo
597 Randolph Unit A, Northville, MI 48167

597 Randolph Unit A, Northville, MI 48167

$799,900
2,088 SqFt
3 Bedrooms
~$3,600/mo.*3 Full Baths, 1 Partial
#60096373Listing Office:
NextHome All Pro RealtyMLS logo
19867 Silver Spg, Northville, MI 48167

19867 Silver Spg, Northville, MI 48167

$220,000
1,350 SqFt
3 Bedrooms
~$1,000/mo.*1 Full Bath, 1 Partial
#60095305Listing Office:
Market Elite IncMLS logo
VL S Lake, North Branch, MI 48461

VL S Lake, North Branch, MI 48461

$95,000
0.37 Acres 
~$450/mo.*
#60093896Listing Office:
Keller Williams PremierMLS logo
509 Randolph, Northville, MI 48167

509 Randolph, Northville, MI 48167

$420,000
1,067 SqFt
2 Bedrooms
~$1,900/mo.*1 Full Bath
#60090718Listing Office:
Coldwell Banker Weir Manuel-NorthvilleMLS logo

Backup Offers

590 Dubuar, Northville, MI 48167

590 Dubuar, Northville, MI 48167

$6,900,000
18,207 SqFt
7 Bedrooms
~$30,900/mo.*7 Full Baths, 2 Partial
#40140910Listing Office:
Signature Sotheby's International Realty NvlMLS logo
607 Fairbrook, Northville, MI 48167

607 Fairbrook, Northville, MI 48167

$1,739,900
4.85 Acres 
~$7,800/mo.*
#21638446Listing Office:
Remerica HometownMLS logo

About Northville, MI

There are 24 homes are for sale in Northville, MI real estate market. In April 2022 in Northville, MI there were 60% more homes for sale than in March 2022. Listings spent 6 days on the market in April 2022, and had a median list price of $427,500 during the same period. Between March 2022 and April 2022, listing prices of homes in this real estate market have seen the following changes: 1 bedroom properties prices increased by 2%, 2 bedrooms properties became 7.3% more expensive, 3 bedrooms properties prices decreased by 3.3%, 4 bedrooms properties prices increased by 2.3%, 5 bedrooms properties became 15.2% more expensive. The following changes in the number of homes for sale were observed in this housing market: number of 1 bedroom homes remained the same, volume of 2 bedrooms homes stayed the same, the quantity of 3 bedrooms homes went up by 16.7%, 4 bedrooms homes became 200% more available, the quantity of 5 bedrooms homes went up by 200%. In April 2022, from all listings sold in Northville, MI there were more than 1 sold above asking price, over 0 sold below and more than 0 were sold right at the asked price.

MLS Disclaimers and Copyright

Based on information from MiRealSource Inc. for the period 05/01/2020 - 05/01/2022

IDX Provided through IDX via MiRealSource, as the “Source MLS”, courtesy of the Originating MLS shown on the property listing, as the Originating MLS. Copyright MiRealSource.

The information published and disseminated by the Originating MLS is communicated verbatim, without change by the Originating MLS, as filed with it by its members. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified.

Copyright 2022 MiRealSource. All rights reserved. The information provided hereby constitutes proprietary information of MiRealSource, Inc. and its shareholders, affiliates and licensees and may not be reproduced or transmitted in any form or by any means, electronic or mechanical, including photocopy, recording, scanning or any information storage and retrieval system, without written permission from MiRealSource, Inc.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.

Note: Any Compensation information displayed on listing details is only applicable to other member participants of the source MLS.

Last updated on: 5/26/2022, 12:55:51 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

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