Ferndale, MI 48220 Housing Market
- Active listings42currently for sale
- Pending sales2under contract
- Median asking price$249,450current listings
- Listing age93 daysmedian time Resideline has been seeing the current listings
- Closed sales tracked (6 mo)311a tracked sample, not a market total
- Median sold price$264,900last 6 months
- Middle half of sold prices$205k to $338k25th to 75th percentile
What the numbers say
As of October 26, 2026, Resideline is tracking 42 active listings and 2 pending sales in ZIP code 48220. That pending-to-active ratio of 0.05 makes it a slower-moving market: listings are going under contract more slowly than in most ZIP codes Resideline tracks, which usually gives buyers more room to negotiate.
The median asking price of current listings is $249,450, while the median of the 311 closed sales Resideline tracked over the last six months was $264,900. 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 93 days.
Frequently asked questions
What is the median home price in 48220?
The median closed sale price in Ferndale, MI 48220 was $264,900 over the last six months, based on 311 closed sales tracked by Resideline. The middle half of those sales ranged from $205,000 to $337,500.
Is 48220 a buyer's or seller's market?
Resideline is currently tracking 2 pending sales against 42 active listings in 48220, a pending-to-active ratio of 0.05. Resideline tracks a sample of pending sales, so the ratio is most useful as a comparison: across the 3,777 ZIP codes Resideline tracks, the middle half run from 0.05 to 0.11. A higher ratio means listings go under contract faster, which usually favors sellers; a lower one gives buyers more room. By that comparison, 48220 is currently a slower-moving market.
Nearby ZIP code market data
- 48439 Grand Blanc, MI
- 48843 Howell, MI
- 48038 Clinton Township, MI
- 48178 South Lyon, MI
- 48103 Ann Arbor, MI
- 48188 Canton, MI
- 48503 Flint, MI
- 48504 Flint, MI
- 48506 Flint, MI
- 48507 Flint, MI
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