Is Ferndale, WA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Ferndale has remained a Seller's Market.
Housing Prices in Ferndale, WA
How much do homes in Ferndale, WA cost?
Median Sold Price
$580,000
$330/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Ferndale was $580,000 in April 2024, up 5.5% from last year, and the median price per square foot was $330.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $310K | - | N/A |
2 Bedrooms | $425K | $445K | +4.7% |
3 Bedrooms | $545K | $545K | 0.0% |
4 Bedrooms | $646.2K | $675K | +4.4% |
5+ Bedrooms | $630K | $755K | +19.8% |
Summary: Ferndale housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 4.7%, 3 bedroom homes did not change, 4 bedroom homes increased by 4.4%, and 5+ bedroom homes increased by 19.8%.
Housing Supply in Ferndale, WA
How many homes are available in Ferndale, WA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
69 | 67 | -2.9% |
Summary: The Ferndale real estate market had 67 homes for sale in April 2024, a 2.9% decrease compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 14 | 14 | 0.0% |
3 Bedrooms | 28 | 30 | +7.1% |
4 Bedrooms | 23 | 19 | -17.4% |
5+ Bedrooms | 4 | 4 | 0.0% |
Summary: The Ferndale housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 7.1%, 4 bedroom homes decreased by 17.4%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
25 | 22 | -12.0% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Summary: A total of 22 homes were sold or pending in Ferndale in April 2024, down by 12.0% month-over-month. Of the 22 sold homes, 41% were sold under asking, 32% were sold at asking, and 27% were sold over asking.
Days on Market for Ferndale, WA
How long does it take to sell a home in Ferndale, WA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
50 Days | 41 Days | -17.3% |
Summary: Homes in Ferndale had an average of 41 days on market in Apr 2024, down by 17.3% compared to last year.
Breakdown of Home Sale Times
18 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During April 2024, 22 homes were sold in Ferndale; 82% of homes were sold within 30 days, 5% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.