Ferndale, MI Housing Market & Real Estate
Housing market overview · Updated weekly ·
Quick answer: The median home sale price in Ferndale, MI is $275,000, up 19.6% year-over-year. Homes sell in an average of 66 days with 44 active listings. The market is currently a seller's market.
$275,000median sale price
Is Ferndale a buyer's or seller's market?
Ferndale, MI is currently a seller's market, based on 1.8 months of supply and homes selling in about 66 days. How we determine this →
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
Ferndale, MI market data
| Metric | Value |
|---|---|
| Median sale price | $275,000 |
| Median list price | $230,000 |
| Year-over-year price change | +19.6% |
| Average days on market | 66 days |
| Active inventory | 44 listings |
| Months of supply | 1.8 months |
| Sale-to-list price ratio | 97.7% |
| Market condition | Seller's market |
Source: Redfin · Updated weekly
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
Homes for sale in Ferndale
There are currently 44 homes listed for sale in Ferndale, Michigan. The median listing price is $230K.
Active listings
44
Homes on market
Median list price
$230K
Avg. days on market
66
Days until sale
New this week
19
Newly listed
Top public schools in Ferndale
8 schools tracked · 3,021 students
The largest public schools serving Ferndale, MI by enrollment, drawn from the National Center for Education Statistics. School quality is a commonly cited factor in home-buying decisions — these are the campuses families in this area are most likely to encounter.
Ferndale High School
Grades 9-12 · 734 students
Ferndale Middle School
Grades 6-8 · 521 students
University High School
Grades 9-12 · 494 students
Ferndale Lower Elementary Campus
Grades K-3 · 475 students
Tri County Educational Center
Grades 9-12 · 373 students
Webb Elementary School
Grades PK-12 · 324 students
Edison
Grades K-12 · 63 students
Jardon Vocational School
Grades PK-12 · 37 students
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
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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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