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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.

In its latest national home listing report, released last week, Coldwell Banker ranks Northville as the fourth most expensive home market among 99 Michigan communities.

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.

Rank in Michigan Community  Average Price 1 Birmingham $429,800 3 Bloomfield Twp. $328,034 4 Northville $325,600 9 Rochester Hills $300,538 12 Berkley $285,573 16 Plymouth $271,924 17 Novi $268,812 25 Royal Oak $253,507 39 Troy $228,404 41 Sterling Heights $218,928 42 Farmington Hills $218,388 57 Livonia $193,778 64 Grosse Pointe $181,700 90 Southfield $123,843 96 Warren $99,349 98 Detroit $65,155 99* Redford $60,490

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. 

Bill P December 15, 2012 at 06:58 AM
Residentially, Northville, both the City and Township, is a classic example of the old adage "You get what you pay for". We may not be able to compete with the weather and vistas Hawaii benefits from but Police, Fire, DPW, Schools, Parks and Rec., library, and affiliated services are highly professional and well run. Churches, Veterans groups and various social and special interest organizations are active throughout the community. Volunteerism is always high for virtually every community project. Our houses are attractive and well maintained. Shopping options for merchandise and services are widely variant and relatively complete either in or to the area. Merchants repeatedly demonstrate their willingness to not just be here 9 to 5 making money but to donate funds as well as actively participate in community activities. Most importantly, without being 'gung-ho wacky' (except maybe at Halloween) there seems to be a high level of community 'spirit' always present and 'tappable'. This list is just way too long to even get started on here. Being Number Four is absolutely no problem.

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