Price per square foot is often the clearest read on a market because it strips out the noise of home size and mix.
In Northville, that number has been climbing fast: the trailing 12-month average sits at $255.80 per square foot, but the most recent month alone came in at $272.75, a 6.6% jump.
That acceleration signals more than steady appreciation. It points to a market where even like-for-like homes are commanding a growing premium, likely fueled by tight inventory and a wave of high-end sales.
Northville’s housing market splits sharply along home type. Single-family homes carry a trailing 12-month median of $723,000, more than double the $334,000 median for condos, reflecting the premium buyers pay for space, land, and the town’s sought-after school district.
It’s worth noting that single-family closings spiked to a $977,500 median in just the most recent month, driven by a concentrated run of $1M+ sales rather than a broad market shift. That’s a reminder that in a market with relatively few monthly closings, one busy month can swing the headline number more than the underlying trend.
About Greg
Greg is a Real Estate Agent in Southeast Michigan with over 25 years of experience.