Is Ferndale, WA 98248 a buyer’s or seller’s market?

The Ferndale housing market right now

In the three months ending August 31, 2026, 46% of homes in Ferndale, WA 98248 sold above their list price, the typical home went under contract in 17 days and there were 4.2 months of supply. Four to six months of supply is a balanced market, where pricing and condition decide how much room there is to negotiate. That’s based on 78 home sales.

Compared with the same period a year earlier, the share selling over asking rose from 34%, homes sold faster (20 days then) and the median sale price rose 2% to $664,992. Overall, Ferndale is more competitive than a year ago, so tougher for buyers.

Within Whatcom County, homes here sell faster than in 60% of the county’s ZIP codes, and sell more often over asking than in 80%. On our competition score, Ferndale ranks #42 of 298 WA ZIP codes with enough sales (score 72 out of 100).

Nearby, buyers who want less competition could look at Rockport 98283 (0% sold over asking) or Lummi Island 98262 (0% sold over asking), while Acme 98220 (100% sold over asking) and Nooksack 98276 (57% sold over asking) are even more competitive.