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Aston (Aston's Sub of Knowles Heights) Campbell Heights (Campbell Heights Subdivision) Downtown Ferndale (Downtown) Elsinore (Elsinore Subdivision) Fern-Ridge (Fern-Ridge Sub) Fordmount Park Greenwood Park Hawthorne Park Hazel Park Herman W Meinke (Herman W Meinke Subdivision) Le Chambon Leggett Farm Little Farms (Little Farms Subdivision) Mapledale (Mapledale Subdivision) Mayfield Gardens Plaisance Quartier de la Moline Ridgewood Estates Stormfeltz (Stormfeltz-lovely Co Woodward) Ten Mile Park Tennyson Park (Tennyson Park Subdivision) Woodland Park Woodward Heights (Woodward Heights Subdivision)

FERNDALE, MI 48220

Real Estate Market Report  ·  Oakland County
Buyer's Market
September 2026  ·  Source: Realtor.com

Neighborhoods in ZIP 48220

Aston (Aston's Sub of Knowles Heights) · Campbell Heights (Campbell Heights Subdivision) · Downtown Ferndale (Downtown) · Elsinore (Elsinore Subdivision) · Fern-Ridge (Fern-Ridge Sub) · Fordmount Park · Greenwood Park · Hawthorne Park · Hazel Park · Herman W Meinke (Herman W Meinke Subdivision) · Le Chambon · Leggett Farm · Little Farms (Little Farms Subdivision) · Mapledale (Mapledale Subdivision) · Mayfield Gardens · Plaisance · Quartier de la Moline · Ridgewood Estates · Stormfeltz (Stormfeltz-lovely Co Woodward) · Ten Mile Park · Tennyson Park (Tennyson Park Subdivision) · Woodland Park · Woodward Heights (Woodward Heights Subdivision)

Market Analysis

Data as of September 2026. Source: Realtor.com.

The FERNDALE, MI real estate market (48220) currently shows 131 active listings, with 40 pending sales. Homes are averaging 37 days on the market before going under contract.

Inventory has increased compared to last year, with 6 more homes available — giving buyers more choice.

Homes are taking longer to sell, averaging 37 days on market compared to 31 days last year.

The median listing price has fallen 1.7% year-over-year, from $259,450 to $254,950.

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Market Context

Market Context

Population: 21,664  ·  Density: 1,891.2/mi²  ·  Median household income: $80,695

Typical home value: $211,207  ·  Homeownership: 62.8%

Market Overview

Active Listings
131
⇧ 4.8% vs 125 last year
Pending
40
31% pending ratio
Median Price
$254,950
⇩ 1.7% vs $259,450 last year
Average Price
$288,142
⇧ 0.5% vs $286,747 last year
Days on Market
37
⇧ 19.4% vs 31 days last year

Price Per Square Foot

Median $/sqft
$241
⇩ 3.2% vs $249/sqft last year
Median Home Size
1,070 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 131 this year vs 125 last year
  • Days on market: 37 now vs 31 last year

Median & Average Pricing

Year over Year
  • Median: $254,950 (-1.7% YoY)
  • Average: $288,142 (+0.5% YoY)

12-Month Price Trend

Median & Average
  • Median and average listing prices over the past 12 months

12-Month Inventory Trend

Active & Pending
  • Active and pending listing counts over the past 12 months

Historical Trend Charts

Median Price
Average Price
Days on Market
Total Listings
Pending Listings
Active Listings
New Listings
Price Per Sqft
Price Reduced %

Nearby Real Estate Markets

Median Price Legend:
< $250K
$250K–$500K
$500K–$1M
$1M–$2M
> $2M
25 Nearby Zip Code Markets within 6.4 miles — 1,582 listings ($266,047,358 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
48220Ferndale, MI 482200.0 mi78$21,737,196$233,725$278,682
48030Hazel Park, MI 480301.9 mi75$15,204,300$187,900$202,724
48221Detroit, MI 482212.3 mi209$42,169,512$184,500$201,768
48237Oak Park, MI 482372.5 mi78$18,535,608$233,450$237,636
48235Detroit, MI 482353.7 mi223$29,777,636$129,425$133,532
48072Berkley, MI 480723.8 mi43$15,454,673$332,475$359,411
48238Detroit, MI 482384.3 mi176$16,512,672$85,000$93,822
48075Southfield, MI 480754.8 mi63$16,439,409$229,750$260,943
48212Hamtramck, MI 482125.2 mi59$10,073,306$181,000$170,734
48017Clawson, MI 480175.5 mi22$6,891,236$312,500$313,238
48227Detroit, MI 482275.7 mi235$24,622,830$95,000$104,778
48206Detroit, MI 482065.9 mi96$23,302,080$218,250$242,730
48219Detroit, MI 482196.4 mi225$25,326,900$99,425$112,564

Frequently Asked Questions

How many homes are for sale in FERNDALE, MI 48220?

As of September 2026, there are 131 active listings in FERNDALE, MI (zip code 48220), compared to 125 the prior year.

What is the median home price in FERNDALE, MI 48220?

The median listing price in FERNDALE, MI 48220 is $254,950 as of September 2026, a 1.7% decrease from $259,450 the prior year.

How long do homes stay on the market in FERNDALE, MI?

Homes in FERNDALE, MI 48220 spend an average of 37 days on the market before going under contract, compared to 31 days the prior year.

Is it a seller's or buyer's market in FERNDALE, MI 48220?

Based on current inventory and days-on-market data as of September 2026, FERNDALE, MI 48220 is currently a Buyer's Market. Inventory has increased compared to last year, with 6 more homes available — giving buyers more choice. Homes are taking longer to sell, averaging 37 days on market compared to 31 days last year.

How much can I save on real estate commission in FERNDALE, MI?

With SELL123.com's maximum 3% commission, sellers in FERNDALE, MI 48220 save an estimated $5,099 compared to a typical 5% commission on the median listing price of $254,950. Our fee structure: 1% listing + 2% selling broker — no additional buyer or seller fees. Call (240) SELL-123 or email info@SELL123.com for a free consultation.