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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Ferndale is a neutral's market

Buyer's
Market

Difference Since November 2023

At the same time last year, Ferndale was a Seller's Market.

Key Takeaway

Ferndale is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in Ferndale, WA

How much do homes in Ferndale, WA cost?

Median Sold Price

$614,125

$343/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$29,375(+5.0%)

Key Takeaway

Homes in Ferndale have sold for 5% more than they did a year ago.

Summary: The median home sold price in Ferndale was $614,125 in November 2024, up 5% from last year, and the median price per square foot was $343.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $402.5K$262.2K
-34.8%
2 $423K$443.6K
+4.9%
3 $550K$589.5K
+7.2%
4 $695K$676.5K
-2.7%
5+ $730K$690K
-5.5%

Summary: Ferndale housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 34.8%, 2 bedroom homes increased by 4.9%, 3 bedroom homes increased by 7.2%, 4 bedroom homes decreased by 2.7%, and 5+ bedroom homes decreased by 5.5%.

Housing Supply in Ferndale, WA

How many homes are available in Ferndale, WA?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
10197-4.0%

Summary: The Ferndale real estate market had 97 homes for sale in November 2024, a 4.0% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 30
-100.0%
2 1313
0.0%
3 5052
+4.0%
4 3023
-23.3%
5+ 59
+80.0%

Summary: The Ferndale housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes remained the same, 3 bedroom homes increased by 4%, 4 bedroom homes decreased by 23.3%, and 5+ bedroom homes increased by 80%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
3315-54.5%

Asking Price vs. Sold Price

10 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Ferndale, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.

Summary: A total of 15 homes were sold or pending in Ferndale in November 2024, down by 54.5% month-over-month. Of the 15 sold homes, 67% were sold under asking, 13% were sold at asking, and 20% 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

Nov 2023Nov 2024CHANGE
57 Days45 Days-20.5%

Summary: Homes in Ferndale had an average of 45 days on market in Nov 2024, down by 20.5% compared to last year.

Breakdown of Home Sale Times

7 Homes Were Sold
Under 30 Days

6 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Ferndale are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 15 homes were sold in Ferndale; 47% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 13 Days Ago

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