Ferndale, MI
Housing market overview · Updated weekly
$275,000median sale price
Homes sold
25
Last 12 weeks
Days on market
66
Average pace
Active listings
44
1.8 months supply
Sale-to-list
97.7%
Below asking
The Ferndale housing market is currently classified as a seller's market with a median sale price of $275,000. Prices have risen 19.6% compared to last year, with homes spending an average of 66 days on market, indicating 1.8 months of inventory.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.
Market trends
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Frequently asked questions
What is the average home price in Ferndale?
The median home sale price in Ferndale is $275,000, up 19.6% from last year.
How long do homes stay on market in Ferndale?
Homes typically spend 66 days on market before going under contract.
Is Ferndale a buyer's or seller's market?
With 1.8 months of supply, Ferndale is currently a seller's market.
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