Northville and Northville Township Real Estate Market Update: May 2026

If you're keeping an eye on home values in Northville or Northville Township, here's what the latest numbers are showing.

I go through the local market reports every month, and May had some interesting shifts in both areas. Here's a breakdown of what's happening, and what it means whether you're buying or selling.

The Metro Detroit backdrop

Across Livingston, Macomb, Oakland, and Wayne counties, the median sale price is up about 9 percent compared to last May, landing around $325,000. Homes across the region are still selling close to full price, right around 100 percent of list price on average.

That's the wider picture. Here's how Northville and Northville Township compare.

Northville: more sales closing, but prices and terms are softening a bit

Here's what stood out in Northville for May:

• The median sale price came in at $575,000, down about 3.9 percent from last year.
• Closed sales were actually up 30 percent compared to May 2025.
• Days on market increased from 18 to 25 days.
• Sellers received about 99.9 percent of list price on average, down slightly from 102.1 percent last year.
• Inventory grew to 26 homes, up from 20, putting months of supply at 1.7.

What the numbers tell us

The numbers tell part of the story here. More closed sales combined with a slightly lower median price and a small dip in percent of list price received suggests buyers are negotiating a bit more than they were a year ago. That doesn't mean the market has flipped, it means there's a little more give in the process than there was during the tightest stretch of the past couple years.

What this looks like for Northville right now

With 1.7 months of supply, Northville is still leaning toward sellers. But the shift from sellers getting over asking to landing just under asking is worth noting. Homes that are priced realistically and presented well are still selling, in fact more of them sold this May than last. It's the homes priced with last year's market in mind that are likely seeing the longer days on market.

Northville Township: prices holding steady, inventory loosening up

Northville Township painted a slightly different picture:

• The median sale price came in at $782,500, down just 1.3 percent from last year, essentially holding steady.
• Days on market actually improved slightly, down to 11 days from 12.
• Inventory grew noticeably, from 35 homes to 42, and months of supply jumped from 2.1 to 4.6.
• Sellers received about 100.3 percent of list price on average.

What the inventory jump means here

This is worth paying attention to. Months of supply more than doubling is a meaningful shift. It doesn't mean prices are falling, the median price barely moved, but it does mean buyers in Northville Township have noticeably more options than they did a year ago. For sellers, that means standing out matters more now than it did last spring.

What this means for sellers

For sellers, the takeaway is simple. In both Northville and Northville Township, the days of listing high and counting on a bidding war to get there are fading. Homes priced accurately for their condition and location from day one are still selling, often quickly. Homes priced based on last year's numbers are the ones sitting and eventually coming down.

What this means for buyers

For buyers, this means preparation still matters, but you may have a bit more room to negotiate than you did a year ago, especially in Northville Township where inventory has grown significantly. Not every home is getting the same result, so it's worth looking closely at how long a home has been listed and whether the price reflects current conditions before making an offer.

Frequently asked questions

Is Northville a buyer's or seller's market right now?

With 1.7 months of supply, Northville still leans toward sellers, but rising days on market and a small dip in percent of list price received suggest buyers have a bit more negotiating room than last year.

Why did the median price in Northville drop while closed sales went up?

A drop in median price doesn't always mean values are falling. It often reflects a change in the mix of homes that sold, more sales at a lower price point can pull the median down even if individual home values are stable.

Is Northville Township a good place to buy right now?

Northville Township has significantly more inventory than a year ago, with months of supply jumping from 2.1 to 4.6. That gives buyers more to choose from, while prices have stayed relatively stable.

How long are homes taking to sell in Northville and Northville Township?

In May, homes in Northville averaged 25 days on market, up from 18 last year. In Northville Township, homes averaged 11 days, slightly faster than last year's 12.

Should I sell my home now or wait?

That depends on your home, your neighborhood, and your goals. If you'd like, I can put together a quick comparison for your specific property so you can see where it fits in today's market.

A quick word of advice

These numbers reflect the markets as a whole, and your street, your home's condition, and your specific situation can shift the picture. If you're thinking about buying or selling in Northville or Northville Township and want to know what this actually means for you, reach out and I'll walk you through it. No pressure, just helpful information so you can make a good decision.