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.
$301,319
-4.9%
Since Jul 2024
Range: $272,102-$335,762
Evaluated June 25, 2025
1 Year
5 Years
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Property Facts
31114 Centennial Dr, Novi, MI is a condo home that contains 1,356 Sq. Ft. and was built in 1995. It contains 4 bedrooms and 2.5 bathrooms. This home last sold for $215,000 on 9/9/2020.
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County:OAKLAND
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Year Built:1995
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Living Area:1,356 Sq. Ft.
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Lot Size:43,560 Sq. Ft.
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Zone:R-A
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Parcel:50-22-02-202-281
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Bedrooms:4
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Bathrooms:2.5
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Owner:ILICH, VELJO & MENKA
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Property History
Price History
Date
Event
Price
Source
9/9/2020
Sold
$215,000
Public Records
10/15/1999
Sold
$2,000
Public Records
Sales in a non-disclosure state
Tax History
Year
Taxes
Total Assessment
2023
$3,646 (+12.95%)
$115,690 (+14.09%)
2020
$3,228 (0%)
$101,400 (0%)
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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.
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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.
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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.
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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
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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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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
0.2 mi
6-8
2.3 mi
9-12
2.6 mi
K-12
3.2 mi
9-12
4.1 mi
Data provided by GreatSchools.org © 2025.
All rights reserved.
