Is Ferndale, MI 48220 a buyer’s or seller’s market?
Ferndale is a seller’s market. With about 2 months of supply and 35% of recent sales closing above the original list price, competing offers are common on well-priced homes. Buyers here often have a pre-approval in hand and a plan for the appraisal gap before touring.
Competition score75/ 100
More competitive than 79% of U.S. ZIP codes, and #152 of 510 in the state.
Based on share sold above original list, sale-to-list ratio, months of supply and days on market for the 3 months ending August 31, 2026. See the breakdown
Months of supply2Under 4 months = seller’s market
Sold above original list35.2%Share of sales, last 3 months
Median sale-to-list99.9%Sold price ÷ list price
Median days on market23Listing to accepted offer
Median price per sq ft$224▼ −3.5% vs. last year
Run the numbers for 48220
Nearby markets
Auburn Hills 48326Seller’s market $187 /sq ftBerkley 48072Seller’s market $227 /sq ftBirmingham 48009Seller’s market $377 /sq ftBloomfield Hills 48301Seller’s market $271 /sq ft Browse all markets →More tools for 48220
Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology