Northville Has Fourth Most Expensive Real Estate Market in Michigan
Northville comes in at fourth in the state's 99 communities in Coldwell Banker's latest Home Listing Report.
The report lists the average price of a typical four-bedroom, two-bath home in the city at $325,600.
Coldwell Banker's commmunity overview puts the median Northville household income at $103,669 and reports that 6 percent of the community's homes are vacant.
According to the report, which also looked at 2,479 communities across the country, the average price of a typical four-bedroom, two-bath in the United States is $292,152. That price tag jumps to $742,551 in Hawaii, the nation’s most expensive state.
Among the Great Lake State's Top 25 priciest communities, according to Coldwell Banker, are a number of neighboring towns, such as Birmingham, Bloomfield Township, Royal Oak, Rochester Hills, and Berkley.
Redford, meanwhile, is the least expensive community in Michigan, according to Coldwell Banker, with an average listing price of $60,490 for a four-bedroom, two-bathroom home.
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Source: Coldwell Banker's Michigan Home Listing Report. *Communities in Michigan were ranked from 1 to 99 in the report.
Northville Patch editor Rebecca Jaskot also contributed to this report.