Xome Value®
The estimated value of your home calculated using our proprietary formulas and various currently available property data.
1
The estimated value of your home calculated using our proprietary formulas and various currently available property data.
$3,891,373
Range: $3,336,495-$4,569,557
Evaluated August 6, 2025
The Xome Value® is an investor-grade valuation that helps you better estimate the true value of a property.
Xome Value® is not a guarantee of a property's value (see
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Property Facts
27155 S Karevich Dr, Novi, MI is a residential (general) (single) home that contains 16,406 Sq. Ft. and was built in 1979. This home last sold for $1,425,000 on 3/8/2011.
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County:OAKLAND
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Year Built:1979
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Living Area:16,406 Sq. Ft.
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Lot Size:252,212 Sq. Ft.
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Zone:-
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Parcel:50-22-15-200-093
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Bedrooms:-
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Bathrooms:-
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Owner:PICO INVESTMENT LTD
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Property History
Price History
Date
Event
Price
Source
3/8/2011
Sold
$1,425,000
Public Records
Sales in a non-disclosure state
Tax History
Year
Taxes
Total Assessment
2023
$ (0%)
$ (0%)
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Comparable Homes
Sales in a non-disclosure state
Address
Sold Price
Details
27155 S Karevich Dr
Novi, MI 48377
This Property
-
16,406 Sq. Ft.
1979 Year Built
1
42388 Park Ridge Road
Novi, MI 48375
$382,000
3 Bed
1 Bath
0 Sq. Ft.
1972 Year Built
2
2016 Valleyview Drive
Ann Arbor, MI 48105
$3,289,000
6 Bed
10 Bath
12,387 Sq. Ft.
1993 Year Built
3
590 DUBUAR Street
Northville, MI 48167
$2,912,000
7 Bed
7 Bath
11,434 Sq. Ft.
2000 Year Built
4
7227 Stahelin Avenue
Detroit, MI 48228
$82,000
3 Bed
1 Bath
0 Sq. Ft.
1930 Year Built
5
33019 Alamo Court
Westland, MI 48186
$205,000
4 Bath
0 Sq. Ft.
1942 Year Built
6
12880 DOLPHIN Street
Detroit, MI 48223
$535,000
8 Bath
0 Sq. Ft.
1955 Year Built
7
45310 Courtview Trail
Novi, MI 48375
$560,000
4 Bed
2 Bath
0 Sq. Ft.
1989 Year Built
8
22611 Law Street
Dearborn, MI 48124
$375,000
2 Bath
0 Sq. Ft.
1930 Year Built
9
21203 Alexa Drive
Commerce Twp, MI 48390
$305,000
3 Bed
2 Bath
0 Sq. Ft.
2006 Year Built
10
1019 GLENGARY Road
Wolverine Lake Vlg, MI 48390
$1,050,000
4 Bath
0 Sq. Ft.
1981 Year Built
Sales in a non-disclosure state
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Market Trends
Novi
48377
Median Sold Price
The median sold price is the middle price of all the properties that have actually been sold within a specific period.
Using the median sold price can provide valuable insights into actual market transactions and buyer behavior.
Aug 2024
$462,500
Jul 2025
$514,950
Change
+11.3%
1 Year
2 Years
5 Years
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Median Sales Price Per Square Foot
Median Sales Price Per Square Foot provides a quick, high-level way to evaluate appreciation or depreciation of property
values over time in the selected area. Using the price per square foot can help you estimate a property's market value.
1 Year
2 Years
5 Years
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Average Days on Market
Average Days on Market represent the average number of days a property takes to sell. Using Average Days on Market
can help provide insights into the speed at which properties are selling in a particular area or market.
Aug 2024
51 Days
Jul 2025
50 Days
Change
-2%
1 Year
2 Years
5 Years
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Supply and Demand
The following chart shows the relationship between properties for sale (supply) and properties sold (demand) in the
specified market, where available.
For Sale
Sold
1 Year
2 Years
5 Years
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Months of Supply
This chart shows how many months it would take to sell the available inventory in the specified market. A higher Months of
Supply generally indicates a buyer's market while a lower Months of Supply generally indicates a seller's market.
1 Year
2 Years
5 Years
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Area Statistics
People
ZIP (48377)
City (Novi)
Population
16,275
65,369
Population Density
1,693.9
2,161.3
People Per Household
2.1
2.5
Median Age
38.4
39.8
Median Household Income
$73,345
$100,311
Average Income
$45,898
$55,807
Economy
ZIP (48377)
City (Novi)
Unemployment
1.60%
1.10%
Recent Job Growth
0.83%
0.83%
Future Job Growth
45.92%
46.67%
Sales Tax
6.00%
6.00%
Income Tax
4.25%
4.25%
Cost of Living Index
123.4
133.3
Environment
ZIP (48377)
City (Novi)
Altitude
936
909
Rainfall (Inches Annually)
32
32.5
Snowfall (Inches Annually)
41.8
41.9
January Avg. Low Temp
15.7
15.6
July Avg. High Temp
82.1
82.3
Days of Precipitation Annually
136
136
Days Mostly Sunny Annually
180
177
Comfort Index (During Hot Weather)
6
6
Source: Sperling's Best Places
Nearby Schools
Rating
School Name
Grades
Distance
K-4
1.3 mi
9-12
1.9 mi
7-8
2.8 mi
K-12
1.1 mi
9-12
3 mi
Data provided by GreatSchools.org © 2025.
All rights reserved.
