Ferndale Housing Market Report
Track the Ferndale housing market with current home prices, closed sales, days on market and 12-month trends based on Northwest Multiple Listing Service® data.
A Closer Look at Ferndale
Explore recent trends in Ferndale home prices, available inventory and housing supply to see how the local real estate market is changing.
Median Sales Price
Track changes in the median sales price of homes in Ferndale over time.
Homes for Sale
See how the number of homes available for sale in Ferndale has changed over time.
Months Supply
Follow the relationship between available housing inventory and the pace of closed home sales in Ferndale.
WHAT'S HAPPENING
IN FERNDALE?
No single statistic tells the full story of the Ferndale housing market. Sold prices show what buyers have recently paid, inventory measures the number of homes available, and months of supply compares that inventory with the pace of closed sales. Looking at these measures together provides a more useful view of current market conditions.
What Homes Are Selling For
Median sold price identifies the midpoint of Ferndale home sales for the reporting period, while average sold price reflects the combined mix of properties that closed. Reviewing both helps put monthly price movement into perspective.
How Much Is Available
Homes for sale measures the inventory available to buyers. Changes in inventory can affect buyer choice, competition between listings and the amount of negotiating room within different segments of the Ferndale market.
Supply Compared With Sales
Months of supply compares available housing inventory with the current pace of closed sales. Tracking this measure over time helps show whether the relationship between supply and buyer demand is tightening, loosening or remaining relatively stable.
Ferndale's citywide statistics combine homes across different neighborhoods, property types and price points. Established neighborhoods, newer construction, larger residential lots and properties outside the more developed areas can experience different levels of inventory, buyer competition and market time. These statistics are useful for understanding the broader Ferndale housing market, but they should not be used by themselves to determine the value or expected selling time of a specific property.
HOW TO READ
THIS REPORT.
This Ferndale housing market report combines current sales activity with longer-term market trends to help buyers, sellers, and homeowners understand pricing, inventory, market pace, and housing supply in Ferndale.
Median Sold Price
Median sold price represents the midpoint of reported Ferndale home sales, with half of sales above the median and half below.
Homes for Sale
Homes for sale measures the number of properties available to buyers and helps show how the amount of available inventory changes over time.
Months of Supply
Months of supply compares available inventory with the pace of closed sales and provides context for the balance between housing supply and demand.
Days on Market
Days on market helps show how long homes are taking to sell and provides another measure of the pace of activity in the Ferndale housing market.
Northwest Multiple
Listing Service®
Market statistics and trend data presented in this Ferndale housing market report are based on sales information reported by Northwest Multiple Listing Service® (NWMLS) and displayed through InfoSparks .
New monthly data is released on the first of each month. Underlying MLS information may be updated as changes are made to reported listing and sales data, so current and historical figures may change over time.
Market information is provided for general informational purposes only. Statistics may vary by property type, location, price range, time period, and search criteria and should not be considered an appraisal, property valuation, or guarantee of future market conditions.
Looking Beyond the Ferndale Housing Market?
Compare the Ferndale housing market with housing market reports for cities and communities throughout Whatcom County.
WHAT DOES THE MARKET
MEAN FOR YOU?
Market statistics provide a broader view of Ferndale real estate, but every property, neighborhood and price range is different. Whether you're considering selling a Ferndale home or planning your next move, Sterling can help you put the market data into local context.