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Ferndale, MI 48220 Housing Market

Data snapshot: September 14, 2026. Closed-sale window: last 6 months.
Ferndale, MI inventory balance
Homes for sale vs homes under contract. Pending-to-active ratio: 0.05
ActiveActive listings: 3838PendingPending sales: 22
Ferndale, MI: what sellers ask vs what buyers pay
Median asking price of current listings vs median closed sale price over the last six months
AskingMedian asking price (current listings): $222k$222kSoldMedian sold price (last 6 months): $255k$255k
What homes actually sell for in Ferndale, MI
Distribution of 313 closed sale prices over the last six months (5th to 95th percentile). Middle half of sales: $200k to $330k
$118k to $164k: 34 sales$118k$164k to $211k: 47 sales$211k to $257k: 63 sales63sales$211k$257k to $304k: 59 sales$304k to $350k: 28 sales$304k$350k to $397k: 29 sales$397k to $443k: 14 sales$397k$443k to $490k: 8 salesMedian $255k

What the numbers say

As of September 14, 2026, Resideline is tracking 38 active listings and 2 pending sales in ZIP code 48220. That pending-to-active ratio of 0.05 points to a balanced market: buyers have room to compare options and negotiate.

The median asking price of current listings is $222,250, while the median of the 313 closed sales Resideline tracked over the last six months was $255,000. Those two figures describe different sets of homes, so any gap between them reflects the mix of what is listed now versus what recently sold, not a negotiating discount. Resideline has been seeing the median active listing in 48220 for 65 days.

Frequently asked questions

What is the median home price in 48220?

The median closed sale price in Ferndale, MI 48220 was $255,000 over the last six months, based on 313 closed sales tracked by Resideline. The middle half of those sales ranged from $199,900 to $330,000.

Is 48220 a buyer's or seller's market?

Resideline is currently tracking 2 pending sales against 38 active listings in 48220, a pending-to-active ratio of 0.05. Ratios of 0.6 or higher usually indicate a seller's market, 0.35 to 0.6 a competitive market, and lower values a more balanced one. By that yardstick, 48220 currently looks like a balanced market.

Nearby ZIP code market data

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