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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
Buyer's Market
March 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 March 2026. Source: Realtor.com.

The FERNDALE, MI real estate market (48220) currently shows 90 active listings, with 36 pending sales. Homes are averaging 37 days on the market before going under contract.

Inventory has increased compared to last year, with 1 more homes available — giving buyers more choice.

Homes are taking longer to sell, averaging 37 days on market compared to 34 days last year.

The median listing price has fallen 1.5% year-over-year, from $249,900 to $246,175.

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 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
90
⇧ 1.1% vs 89 last year
Pending
36
40% pending ratio
Median Price
$246,175
⇩ 1.5% vs $249,900 last year
Average Price
$276,085
⇩ 4.6% vs $289,420 last year
Days on Market
37
⇧ 8.8% vs 34 days last year

Price Per Square Foot

Median $/sqft
$231
⇩ 4.5% vs $242/sqft last year
Median Home Size
1,089 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 90 this year vs 89 last year
  • Days on market: 37 now vs 34 last year

Median & Average Pricing

Year over Year
  • Median: $246,175 (-1.5% YoY)
  • Average: $276,085 (-4.6% 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 March 2026, there are 90 active listings in FERNDALE, MI (zip code 48220), compared to 89 the prior year.

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

The median listing price in FERNDALE, MI 48220 is $246,175 as of March 2026, a 1.5% decrease from $249,900 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 34 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 March 2026, FERNDALE, MI 48220 is currently a Buyer's Market. Inventory has increased compared to last year, with 1 more homes available — giving buyers more choice. Homes are taking longer to sell, averaging 37 days on market compared to 34 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 $4,924 compared to a typical 5% commission on the median listing price of $246,175. 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.