Novi Real Estate Update: Knightsbridge Gate Home Sold for $540,000
Quick Snapshot
Address: 27316 Victoria, Novi, MI 48374
List Price: $550,000
Sold Price: $540,000
Sold Date: 2/2/2026
List-to-Sale Ratio: 98.2%
Days on Market: 24
Beds / Baths: 4 / 2.1
Sq Ft: 2,569
Year Built: 2013
Subdivision: Knightsbridge Gate Condo Occpn 1797
School District: South Lyon
Listing Office: National Realty Centers, Inc
Why This Sale Matters
This Novi home attracted solid buyer interest, going under contract and closing in just over three weeks, which reflects steady demand for newer, well-maintained properties. A 24-day market time aligns closely with current activity levels in the 48374 ZIP code. Selling at 98.2% of list price suggests buyers remain price-conscious, yet motivated when a home is positioned correctly. Closing in early February also highlights that serious buyers are active even during the winter season.
Local Market Insight
Homes in the 48374 area are currently averaging roughly 20–30 days on market, depending on condition and pricing.
Inventory remains relatively tight, especially for move-in-ready properties built within the last 15 years.
Updated and newer homes continue to outperform older or less updated listings in both speed and final sale price.
Comparable Activity Nearby
Similar properties in Knightsbridge Gate and nearby Novi condo communities have been selling close to list price when priced accurately.
Recent sales show that homes with attached garages and finished basements remain especially appealing to buyers.
What This Means for Homeowners
For Novi homeowners, this sale reinforces the importance of realistic pricing and strong presentation. Homes that are well-maintained and aligned with current market expectations can still command near-list-price offers, even outside the peak spring market.
More Market Data
Go here for up-to-date market data for Novi.
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CONTACT INFORMATION
Have questions about strategy, timing, or what your neighborhood is doing?
Caleb Bonderenka
📲 734-945-5948
🌐 https://www.SoldByCaleb.com
📧 Caleb@SoldByCaleb.com