Is Ferndale, MI 48220 a buyer’s or seller’s market?

The Ferndale housing market right now

In the three months ending August 31, 2026, 35% of homes in Ferndale, MI 48220 sold above their list price, the typical home went under contract in 23 days and there were 2 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 167 home sales.

Compared with the same period a year earlier, the share selling over asking fell from 45%, homes sold more slowly (17 days then) and the median sale price rose 2% to $269,833. Overall, Ferndale is less competitive than a year ago, which gives buyers more room.

Within Oakland County, homes here sell more slowly than in 72% of the county’s ZIP codes, and sell less often over asking than in 69%. On our competition score, Ferndale ranks #152 of 510 MI ZIP codes with enough sales (score 75 out of 100).

Nearby, buyers who want less competition could look at Oxford 48370 (0% sold over asking) or Southfield 48034 (16% sold over asking), while Huntington Woods 48070 (74% sold over asking) and Pleasant Ridge 48069 (54% sold over asking) are even more competitive.