New - 2 hours on Rocket
$2,956 Closing Credit¹
#20250013249, Tera Hayward, Listing Office: Century 21 Professionals Clarkston
Ferndale Housing Market Report February 2025•Oakland County, Michigan
Housing Prices in Ferndale, MI
How much do homes in Ferndale, MI cost?
Housing Market Conditions
Is Ferndale, MI a buyer’s or seller’s market?
Seller'sMarket
Buyer'sMarket
Ferndale is a Seller's Market
Difference Since February 2024
Since last year, Ferndale has remained a Seller's Market.
Insight
Ferndale is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Median Sold Price
$255,000$210/SqFt
+$15,000
+6.3%
Based on all homes sold in the last 12 months
Insight
Homes in Ferndale have sold for 6.3% more than they did a year ago.
Summary: The median home sold price in Ferndale was $255,000 in February 2025, up 6.3% from last year, and the median price per square foot was $210.
Median Sold Price By Cities
| City | Feb 2024 | Feb 2025 | Change YoY |
|---|---|---|---|
| Pleasant Ridge | $447.5K | $479.9K | +7.2% |
| Oak Park | $219.2K | $235K | +7.2% |
| Ferndale | $240K | $255K | +6.3% |
| Hazel Park | $170K | $173.2K | +1.9% |
| Royal Oak | $340.8K | $345.3K | +1.3% |
Median Sold Price By Bedrooms
| Beds | Feb 2024 | Feb 2025 | Change YoY |
|---|---|---|---|
| 11 Bedroom | $285K | $140K | -50.9% |
| 22 Bedrooms | $205K | $210K | +2.4% |
| 33 Bedrooms | $255K | $266K | +4.3% |
| 44 Bedrooms | $315K | $290K | -7.9% |
| 55+ Bedrooms | $443.5K | $598.6K | +35.0% |
Summary: Ferndale housing price by bedroom type for February 2025, compared to the previous year. The home price for 1 bedroom homes decreased by -50.9%. The home price for 2 bedroom homes increased by +2.4%. The home price for 3 bedroom homes increased by +4.3%. The home price for 4 bedroom homes decreased by -7.9%. The home price for 5 bedroom homes increased by +35.0%.
Housing supply in Ferndale, MI
How many homes are available in Ferndale, MI?
Number of Homes For Sale
| Last Month | 2 months ago | Change MoM |
|---|---|---|
| 116Last MonthFeb 2025 | ||
| 1042 months agoJan 2025 | +11.5 % Change MoMJan – Feb |
Summary: The Ferndale real estate market had 116 homes for sale in Feb 2025, a 11.5 % increase compared to Jan 2025.
Number of Homes Sold
| Last Month | 2 months ago | Change MoM |
|---|---|---|
| 27Last MonthFeb 2025 | ||
| 232 months agoJan 2025 | +17.4 % Change MoMJan – Feb |
Homes For Sale By Bedroom Count
| Beds | Jan 2025 | Feb 2025 | Change MoM |
|---|---|---|---|
| 11 Bedroom | 2 | 1 | -50.0% |
| 22 Bedrooms | 35 | 36 | +2.9% |
| 33 Bedrooms | 55 | 66 | +20.0% |
| 44 Bedrooms | 11 | 13 | +18.2% |
| 55+ Bedrooms | 1 | 0 | -100.0% |
Summary: Ferndale housing inventory by bedroom type for February 2025, compared to the previous month. The inventory for 1 bedroom homes decreased by -50.0%. The inventory for 2 bedroom homes increased by +2.9%. The inventory for 3 bedroom homes increased by +20.0%. The inventory for 4 bedroom homes increased by +18.2%. The inventory for 5 bedroom homes decreased by -100.0%.
Asking Price vs. Sold Price
How much do homes in Ferndale, MI cost?
Over Asking Price4 Homes
At Asking Price5 Homes
Under Asking Price18 Homes
Insight
If you're buying a home in Ferndale, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 27 homes were sold or pending in Ferndale in February 2025, up by 17.4% month-over-month. Of the 27 sold homes, 67% were sold under asking, 19% were sold at asking, and and 15% were sold over asking.
Days on Market for Ferndale, MI
How long does it take to sell a home in Ferndale, MI?
Breakdown of Home Sale Times
Under 30 Days13 Homes
30 – 90 Days10 Homes
Over 90 Days4 Homes
Insight
Many homes in Ferndale are selling fast, if you're buying plan to act quickly.
Summary: During February 2025, 27 homes were sold in Ferndale; 48% of homes were sold within 30 days, 37% of homes were sold within 30 to 90 days, and 15% of homes were sold over 90 days.
Average Sale Time
| This Year | 1 year ago | Change YoY |
|---|---|---|
| 41 DaysThis YearFeb 2025 | ||
| 46 Days1 year agoFeb 2024 | -11.0 % Change YoYFeb 2024 – Feb 2025 |
Summary: Homes in Ferndale had an average listing age of 41 days in Feb 2025, down by 11.0% compared to the previous year.
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Newest Listings in Ferndale, MI
What homes are available in Ferndale, MI?
Coming soon
$4,156 Closing Credit¹
#81025007968, Chundra Johnson, Listing Office: Keller Williams Ann Arbor
New - 1 day on Rocket
$3,206 Closing Credit¹
#50167887, Ronald Wells, Listing Office: Higbie Maxon Agney Inc
Coming soon
$3,313 Closing Credit¹
#20250014138, Sotero M Lopez II, Darby Reynaert, Listing Office: EXP Realty Main
New - 1 day on Rocket
$2,363 Closing Credit¹
#50167842, AL KELLER, Listing Office: Keller & Associates Real Estate , LLC
New - 2 days on Rocket
$4,393 Closing Credit¹
#20250012651, Derrick Kajbo, Listing Office: Brookstone, Realtors LLC
New - 3 days on Rocket
$2,138 Closing Credit¹
#20250013683, Jim Shaffer, Listing Office: Good Company
New - 4 days on Rocket
$2,791 Closing Credit¹
#81025007436, Katrin Schniedertoens, Listing Office: KW Professionals
New - 5 days on Rocket
$2,850 Closing Credit¹
#81025007336, Ryan Heward, Dustin Shaeffer, Listing Office: Golden Key Real Estate LLC
New - 7 days on RocketBackup offers
$3,086 Closing Credit¹
#20250012122, Tamela Ekstrom, Listing Office: Haven Real Estate & Design
New - 7 days on Rocket
$1,900 Closing Credit¹
#20250012075, Ryan Lonsway, Listing Office: Real Broker LLC Troy
New - 7 days on RocketVideo tour
$2,672 Closing Credit¹
#20250012623, Mariah Grumblatt, Listing Office: KW Domain
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Based on information from RealComp II Ltd., and MiRealSource Inc. DL for the period 03/01/2023 - 03/01/2025
Disclaimer: The data relating to real estate on this web site comes in part from the IDX of Realcomp II Ltd. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. IDX information is provided exclusively for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Any use of search facilities of data on the site, other than by a consumer looking to purchase real estate, is prohibited.
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Last updated on: 3/6/2025, 2:20:55 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Provided through IDX via MiRealSource, as the “Source MLS”, courtesy of the Originating MLS shown on the property listing, as the Originating MLS. Copyright 2025 MiRealSource. All rights reserved. The information provided hereby constitutes proprietary information of MiRealSource, Inc. and its shareholders, affiliates and licensees and may not be reproduced or transmitted in any form or by any means, electronic or mechanical, including photocopy, recording, scanning or any information storage and retrieval system, without written permission from MiRealSource, Inc.
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Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 3/6/2025, 2:20:56 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.