Is Ferndale, MD 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, MD
How much do homes in Ferndale, MD cost?
Median Sold Price
$382,000
$231/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Ferndale was $382,000 in April 2024, up 12.4% from last year, and the median price per square foot was $231.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $215K | $220.7K | +2.7% |
3 Bedrooms | $335K | $372.4K | +11.2% |
4 Bedrooms | $375K | $400K | +6.7% |
5+ Bedrooms | $457.4K | $430K | -6.0% |
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 2.7%, 3 bedroom homes increased by 11.2%, 4 bedroom homes increased by 6.7%, and 5+ bedroom homes decreased by 6%.
Housing Supply in Ferndale, MD
How many homes are available in Ferndale, MD?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
22 | 30 | +36.4% |
Summary: The Ferndale real estate market had 30 homes for sale in April 2024, a 36.4% increase 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 | 5 | 7 | +40.0% |
3 Bedrooms | 13 | 19 | +46.2% |
4 Bedrooms | 3 | 4 | +33.3% |
5+ Bedrooms | 1 | 0 | -100.0% |
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 increased by 40%, 3 bedroom homes increased by 46.2%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes decreased by 100%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
8 | 8 | 0.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
5 Homes Were Sold
Over Asking
Summary: A total of 8 homes were sold or pending in Ferndale in April 2024, the same as the previous month. Of the 8 sold homes, 25% were sold under asking, 13% were sold at asking, and 63% were sold over asking.
Days on Market for Ferndale, MD
How long does it take to sell a home in Ferndale, MD?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
59 Days | 8 Days | -85.5% |
Summary: Homes in Ferndale had an average of 8 days on market in Apr 2024, down by 85.5% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 8 homes were sold in Ferndale; 88% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.