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.
$390,916
+3%
Since Jul 2024
Range: $352,178-$436,755
Evaluated June 18, 2025
1 Year
5 Years
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Property Facts
31053 Tanglewood Dr, Novi, MI is a condo home that contains 1,644 Sq. Ft. and was built in 1993. It contains 4 bedrooms and 3 bathrooms. This home last sold for $265,000 on 9/23/2016.
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County:OAKLAND
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Year Built:1993
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Living Area:1,644 Sq. Ft.
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Lot Size:43,560 Sq. Ft.
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Zone:R-A
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Parcel:50-22-02-226-162
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Bedrooms:4
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Bathrooms:3
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Owner:BOOTH, MARVIN & CANDACE
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Property History
Price History
Date
Event
Price
Source
9/23/2016
Sold
$265,000
Public Records
Sales in a non-disclosure state
Tax History
Year
Taxes
Total Assessment
2023
$4,834 (+12.86%)
$160,030 (+15.71%)
2020
$4,283 (0%)
$138,300 (0%)
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Comparable Homes
Sales in a non-disclosure state
Address
Sold Price
Details
31053 Tanglewood Dr
Novi, MI 48377
This Property
-
4 Bed
3 Bath
1,644 Sq. Ft.
1993 Year Built
1
31092 ARLINGTON Circle
Novi, MI 48377
$391,000
2 Bed
3 Bath
1,687 Sq. Ft.
1991 Year Built
2
41665 CHARLESTON Lane
Novi, MI 48377
$391,000
4 Bed
2 Bath
1,942 Sq. Ft.
1994 Year Built
3
31044 Silverdale Drive
Novi, MI 48377
$440,000
3 Bed
4 Bath
1,895 Sq. Ft.
1994 Year Built
4
430 BOARDWALK Drive Unit 81
Walled Lake, MI 48390
$285,000
2 Bed
2 Bath
1,635 Sq. Ft.
2002 Year Built
5
28203 APRIL
Walled Lake, MI 48390
$319,500
3 Bed
2 Bath
1,656 Sq. Ft.
1900 Year Built
6
28203 APRIL
Commerce Twp, MI 48390
$319,500
3 Bed
2 Bath
1,656 Sq. Ft.
2005 Year Built
7
31141 ROLLING GROVE Unit 80
Novi, MI 48377
$335,000
2 Bed
3 Bath
1,326 Sq. Ft.
1991 Year Built
8
41645 CHARLESTON Lane
Novi, MI 48377
$327,500
2 Bed
2 Bath
1,798 Sq. Ft.
1991 Year Built
9
628 POINTE
Walled Lake, MI 48390
$295,000
2 Bed
2 Bath
1,175 Sq. Ft.
1900 Year Built
10
30145 BRIGHTWOOD Drive
Novi, MI 48377
$467,000
4 Bed
4 Bath
1,860 Sq. Ft.
2012 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.
Jun 2024
$457,000
May 2025
$495,000
Change
+8.3%
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.
Jun 2024
43 Days
May 2025
64 Days
Change
+48.8%
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.
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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-5
0.4 mi
6-8
2.4 mi
9-12
2.7 mi
K-12
3.4 mi
9-12
4.3 mi
Data provided by GreatSchools.org © 2025.
All rights reserved.
