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FERNDALE, MI 48220

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

Market Overview

Active Listings
90
⇧ 4.7% vs 86 last year
Pending
27
30% pending ratio
Median Price
$239,000
⇩ 2.4% vs $244,925 last year
Average Price
$278,472
⇩ 0.2% vs $279,133 last year
Days on Market
64
⇧ 64.1% vs 39 days last year

Market Context

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

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

Market Analysis

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

The FERNDALE, MI real estate market (48220) currently shows 90 active listings, with 27 pending sales. Homes are averaging 64 days on the market before going under contract.

Inventory has increased compared to last year, with 4 more homes available — giving buyers more choice.

Homes are taking longer to sell, averaging 64 days on market compared to 39 days last year.

The median listing price has fallen 2.4% year-over-year, from $244,925 to $239,000.

Whether you are buying or selling in FERNDALE, MI, SELL123.com can help you save significantly on commission — typically 2% compared to traditional 5% broker fees. Call (240) SELL-123 for a free consultation.

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Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 90 this year vs 86 last year
  • Days on market: 64 now vs 39 last year

Median & Average Pricing

Year over Year
  • Median: $239,000 (-2.4% YoY)
  • Average: $278,472 (-0.2% 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

Nearby Real Estate Markets

Median Price Legend:
< $250K
$250K–$500K
$500K–$1M
$1M–$2M
> $2M
25 Nearby Zip Code Markets within 6.4 miles — 1,614 listings ($267,680,035 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
48220Ferndale, MI 482200.0 mi90$25,062,480$239,000$278,472
48030Hazel Park, MI 480301.9 mi60$12,934,080$196,500$215,568
48221Detroit, MI 482212.3 mi214$41,616,366$175,000$194,469
48237Oak Park, MI 482372.5 mi80$19,973,120$244,900$249,664
48235Detroit, MI 482353.7 mi217$28,921,326$129,900$133,278
48072Berkley, MI 480723.8 mi36$13,545,684$344,950$376,269
48238Detroit, MI 482384.3 mi182$16,963,674$81,950$93,207
48075Southfield, MI 480754.8 mi66$17,278,668$230,000$261,798
48212Hamtramck, MI 482125.2 mi60$10,381,560$180,000$173,026
48017Clawson, MI 480175.5 mi19$6,118,323$312,500$322,017
48227Detroit, MI 482275.7 mi250$25,865,750$95,000$103,463
48206Detroit, MI 482065.9 mi104$23,225,384$199,999$223,321
48219Detroit, MI 482196.4 mi236$25,793,620$95,450$109,295

Frequently Asked Questions

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

As of January 2026, there are 90 active listings in FERNDALE, MI (zip code 48220), compared to 86 the prior year.

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

The median listing price in FERNDALE, MI 48220 is $239,000 as of January 2026, a 2.4% decrease from $244,925 the prior year.

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

Homes in FERNDALE, MI 48220 spend an average of 64 days on the market before going under contract, compared to 39 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 January 2026, FERNDALE, MI 48220 is currently a Buyer's Market. Inventory has increased compared to last year, with 4 more homes available — giving buyers more choice. Homes are taking longer to sell, averaging 64 days on market compared to 39 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 $4,780 compared to a typical 5% commission on the median listing price of $239,000. 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.