The summer season is nearly over, which means that the temperatures are about to chill off here in Oakland County, Michigan. And whilst there’s no assure, it looks like the housing market may also cool together with it—as a minimum barely. in step with a recent article from realtor.com, many experts assume that, while the fall shopping for season may be competitive, it won’t be quite as frenzied as the spring or fall.
One indicator supporting that projection is the tempo of rate increase. consistent with the item, the country wide median home charge hit $385,000 the week finishing August 14 (the very best on document). That price represented a 8.2 percent boom year over 12 months—a particular boom in fee, however notably less than the 17.2 percentage increase from April 2020 to April 2021. stock is also beginning to increase (in step with information from the country wide affiliation of REALTORS®,1.32 million houses have been to be had for sale in July 2021—a 7.3 increase from June)—and the greater stock is to be had inside the fall, the less difficult the house search technique will be for shoppers.
So, what does this imply for you? There’s no denying that fall is shaping up to be a competitive season for real property—however with slowing fee boom and growing inventory, it may prove to be much less competitive than it’s been for quite a while.
Why Homebuyers Should Consider Northville MI Homes for Sale – Buyers who are seeking a family-oriented, close-knit community with excellent schools will want to consider Northville MI homes for sale. The city of Northville is a suburb of Metro Detroit, most of which is surrounded by the city of Novi in Oakland County, with a smaller portion located in Wayne County, surrounded by Northville Township.
Located 17 miles northeast of Ann Arbor and 10.5 miles northwest of Detroit, Northville boasts a rich history that’s evident in the stunning architecture that can be found all over town. A charming heritage district, vibrant business district, beautiful neighborhoods, top-rated schools, scenic parks, and convenient access to major highways make Northville a highly attractive place to live and raise a family.
Northville was recently ranked as the 7th best place to live in Michigan and the #1 place to buy a home in Michigan, receiving an overall A+ Grade from Nich.com.
Offering that small-town feel that’s so appealing, Northville’s wide range of affordability from entry-level homes to high-end luxury homes provides abundant opportunity for families to move here and enjoy quality living and a strong sense of community.
One of the biggest draws to living in Northville is its charming, historic downtown brimming with quaint shops, eateries, Victorian-era architecture (many of the buildings have been restored to their original splendor), old-fashioned street lamps, and brick-paved streets.
Popular family-oriented activities held in Northville include the annual Heritage Festival (formerly known as the Northville Victorian Festival), Holiday Lighted Parade, Arts and Craft Festival, and Summer Concerts, just to name a few.
In order to find the perfect home in the right neighborhood in Northville, buyers will want to partner with a qualified agent who can help them navigate the local market. Top Northville REALTOR® – Tom Gilliam has over two decades of experience assisting buyers and sellers in Northville and the surrounding area.
Offering in-depth knowledge and expertise in the local market, Tom has all the resources and information you need for making the best home purchase decision. To find out more about Northville MI real estate, feel free to call Tom directly at (248) 790-5594 or get in touch with him here!
More About Northville MI Real Estate
Over the past several years, the Northville MI real estate market has continued to remain strong. The median home value in Northville is $422,200, which has gone up 2.7% over the past year. The median price of currently listed Northville MI homes for sale is $515,000.
As a licensed, professional real estate agent, Tom Gillian stays on top of the local market at all times and is aware of new inventory as soon as it becomes available, ensuring that his buyers have access to the best homes and securing an offer.
Whether you’re in the market for a low-maintenance condo or townhome, a single-family home in a quiet neighborhood, a new construction home, or a sprawling luxury estate, Northville MI real estate accommodates every lifestyle and buyer.
A Qualified Northville REALTOR® holds the key to finding the most valuable Northville MI homes for sale, negotiating the best terms and price, and facilitating a smooth and successful transaction.
Tom knows Northville inside and out and can help educate you about the different neighborhoods and communities, the types of homes and features offered, the builders, nearby schools, property values, area amenities, and so much more.
The wealth of local market knowledge that Tom is able to share with his clients goes well beyond the value of the homes in the area. He keeps his finger on the pulse of community trends, business developments, the local economy, and other factors that can affect the market value of property in the area to ensure that you get the best value for your money.
Allow Tom to streamline your home search by putting together a list of properties that best match your specific criteria in a home. Request customized search results delivered directly to your email along with email alerts of new listings. Feel free to call Tom directly at (248) 790-5594 or get in touch with him here.
Living in Northville, MI
The city of Northville is situated in the heart of Michigan’s educational, cultural, commercial and medical centers. The landscape of Northville has attracted considerable housing development and population growth over the past 35 years.
Home to approximately 5,998 people, the median age of Northville residents is 47.2 and the median household income is $125,189. Most of the people living in Northville are professionals employed in the fields of engineering, education, management, and medicine.
For parents with school-age children, the community is served by the highly-regarded Northville Public School District (Northville Public Schools). All six elementary schools in the district follow The Leader in Me, an innovative, school-wide model that emphasizes a culture of student empowerment that helps unleash each child’s full potential.
Northville High School, Hillside Middle School, and Meads Mill Middle Schools are authorized by the International Baccalaureate (IB) Organization as IB World Schools, offering the Middle Years Program for students in sixth through 10th grade and the Diploma Program for highly-motivated 11th and 12th graders.
The Diploma Program is a demanding two-year program that leads to final examinations and qualifications for students that are recognized by leading colleges and universities.
The Northville Parks & Recreation Department maintains 5 Northville district community park facilities, including Ford Field, Fish Hatchery Park, Henningsen Park, Northville Community Park, and the newest facility, Millennium Park. The Recreation Center at Hillside provides access to an indoor swimming pool, two gymnasiums, multi-purpose classrooms, and fitness rooms.
Northville’s quality parks and recreational programs invite and retain business, improve property values, provide economic impact, and attract new residents to the community.
When it comes to shopping, Downtown Northville offers a blend of historic architecture with the current trends in clothing, gifts, and home accessory shops, all in a walkable downtown atmosphere – where you can explore over 75 shops, boutiques, and restaurants along its tree-lined streets.
Northville Square is one of the highlights of Downtown Northville’s shopping district featuring a diverse collection of retailers. Two of Downtown’s favorite restaurants are located in Northville Square, each with a patio for warm-weather alfresco dining.
The closest major mall is Twelve Oaks Mall, a super-regional shopping mall located in Novi (6.8 miles drive) with over 180 stores, considered the dominant shopping destination of choice in metro Detroit.
Several major highways make for an easy work commute and getting around town and beyond. I-275 is just a 1/2 mile from the eastern edge of the city, I-96/M-14 is a mile from the southern edge, and I-696 is about 4 miles from the northern edge of Northville.
The closest major airport is Detroit Metropolitan Wayne County Airport with international and domestic flights from Detroit, located about 23.7 miles (approx. 30-minute drive) from the center of Northville.
Partner With Top Northville REALTOR® – Tom Gilliam
Whether you’re in the market to buy a home in Northville or its time to list your current property, Northville REALTOR® – Tom Gilliam provides the kind of knowledge, skills, dedication, and personalized service you need and deserve. Tom will take the time to listen to your needs and concerns and will always have your best interests in mind. His extensive knowledge in the local market is an asset that his clients quickly come to appreciate.
For sellers, Tom is 100% committed to getting your home sold for the highest market price in the least amount of time possible. Tom will protect your interests, advocate for you, and skillfully handle the details of your home purchase or sale, ensuring a smooth and successful transaction.
For more information about Northville MI real estate, give Tom a call today at (248) 790-5594 or send him an email!
29630 Orchard Lake Rd,
Farmington Hills 48334
Map of Northville MI Real Estate