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Ferndale, MI Real Estate & Property Data

Ferndale Real Estate Market Trends

Last Updated: April 25, 2024

Accurate and comprehensive real estate data is critical for insight into Ferndale, MI. ATTOM’s Ferndale real estate data is updated daily, and current market trends show that in Ferndale, MI a total of 570 residential properties have sold over the past year. With a median home price of $230,000 in Ferndale. Get detailed property data for Ferndale, MI instantly. ATTOM is your one-stop-shop for the Ferndale property reports and real estate data you need in Ferndale, MI.

Ferndale Real Estate Market Trends

Get property data for any address in Ferndale, MI or the country:

Total Residential Properties 9,737

Total Commercial Properties 578

Avg. Home Age (Single Family Home) 85 Years

Avg. Square Feet (Single Family Home) 1,119

Total 2024 Residential Sales (year-to-date) 73

% of Homes Seriously Underwater (Q2 2024) 1.07%

Total 2023 Residential Sales 527

% of Equity Rich Homes (Q2 2024) 36.85%

Effective 2023 Property Tax 1.39%

Total Foreclosure Filings (year-to-date) 6

Ferndale, MI Real Estate Overview

There were 570 residential properties sold in the past year in Ferndale, MI. The median home value in Ferndale, MI is $245,609. There are a total of 9,737 residential properties in the Ferndale.

Median Sales Price i

$230,000

(Feb 2024)

+2.2%

year-over-year

y-o-y

February '24 Feb '24 $230,000
January '24 Jan '24 $238,000
December '23 Dec '23 $247,500
November '23 Nov '23 $244,500
October '23 Oct '23 $255,000
September '23 Sep '23 $245,500
August '23 Aug '23 $251,000
July '23 Jul '23 $216,000
June '23 Jun '23 $253,000
May '23 May '23 $279,000
April '23 Apr '23 $215,500
March '23 Mar '23 $230,000

Median Down Payment i

$36,300

(Feb 2024)

+174%

year-over-year

y-o-y

February '24 Feb '24 $36,300
January '24 Jan '24 $19,312
December '23 Dec '23 $15,868
November '23 Nov '23 $37,182
October '23 Oct '23 $40,000
September '23 Sep '23 $20,500
August '23 Aug '23 $29,000
July '23 Jul '23 $15,000
June '23 Jun '23 $24,687
May '23 May '23 $23,675
April '23 Apr '23 $32,000
March '23 Mar '23 $26,350

Number of Homes Sold i

37

(Feb 2024)

+8.8%

year-over-year

y-o-y

February '24 Feb '24 37
January '24 Jan '24 36
December '23 Dec '23 33
November '23 Nov '23 40
October '23 Oct '23 49
September '23 Sep '23 53
August '23 Aug '23 51
July '23 Jul '23 58
June '23 Jun '23 52
May '23 May '23 44
April '23 Apr '23 38
March '23 Mar '23 45

Number of Purchase Loans i

24

(Feb 2024)

-31.4%

year-over-year

y-o-y

February '24 Feb '24 24
January '24 Jan '24 21
December '23 Dec '23 26
November '23 Nov '23 27
October '23 Oct '23 33
September '23 Sep '23 41
August '23 Aug '23 41
July '23 Jul '23 41
June '23 Jun '23 38
May '23 May '23 37
April '23 Apr '23 28
March '23 Mar '23 35

Number of REFI Loans i

17

(Feb 2024)

+30.8%

year-over-year

y-o-y

February '24 Feb '24 17
January '24 Jan '24 12
December '23 Dec '23 14
November '23 Nov '23 12
October '23 Oct '23 19
September '23 Sep '23 18
August '23 Aug '23 19
July '23 Jul '23 25
June '23 Jun '23 23
May '23 May '23 20
April '23 Apr '23 13
March '23 Mar '23 17

Number of HELOC Loans i

5

(Feb 2024)

+66.7%

year-over-year

y-o-y

February '24 Feb '24 5
January '24 Jan '24 8
December '23 Dec '23 4
November '23 Nov '23 10
October '23 Oct '23 6
September '23 Sep '23 7
August '23 Aug '23 9
July '23 Jul '23 4
June '23 Jun '23 9
May '23 May '23 7
April '23 Apr '23 13
March '23 Mar '23 14

Ferndale, MI Real Estate Market Overview

Last 30 days

Zip
Median Est. Value

48220
$245,609 $219.49/sqft

Ferndale, MI Foreclosure Activity

Total Foreclosure Filings i

February '24 Feb '24 N/A
January '24 Jan '24 6
December '23 Dec '23 1
November '23 Nov '23 3
October '23 Oct '23 3
September '23 Sep '23 1
August '23 Aug '23 1
July '23 Jul '23 2
June '23 Jun '23 1
May '23 May '23 2
April '23 Apr '23 1
March '23 Mar '23 2

Foreclosure Starts i

February '24 Feb '24 N/A
January '24 Jan '24 6
December '23 Dec '23 1
November '23 Nov '23 3
October '23 Oct '23 3
September '23 Sep '23 1
August '23 Aug '23 1
July '23 Jul '23 2
June '23 Jun '23 1
May '23 May '23 2
April '23 Apr '23 1
March '23 Mar '23 2

Completed Foreclosures (REOs) i

February '24 Feb '24 N/A
January '24 Jan '24 N/A
December '23 Dec '23 1
November '23 Nov '23 N/A
October '23 Oct '23 N/A
September '23 Sep '23 N/A
August '23 Aug '23 N/A
July '23 Jul '23 N/A
June '23 Jun '23 N/A
May '23 May '23 N/A
April '23 Apr '23 N/A
March '23 Mar '23 N/A

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