$3,978 Closing Credit*
$335,000
1,800 SqFt
4 Beds
•2 Full Baths, 1 Partial
Song M. Hong, Listing Office: Turn Key Homes Litmited Libability
Is Ferndale, MD a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, Ferndale has remained a Seller's Market.
Key Takeaway
Ferndale is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Ferndale, MD
How much do homes in Ferndale, MD cost?
Median Sold Price
$375,000
$232/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$5,000(-1.3%)
Key Takeaway
Homes in Ferndale have sold for 1.3% less than they did a year ago.
Summary: The median home sold price in Ferndale was $375,000 in November 2024, down 1.3% from last year, and the median price per square foot was $232.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $220K | $231.2K | +5.1% |
| 3 Bedrooms | $370K | $370K | 0.0% |
| 4 Bedrooms | $389K | $404.9K | +4.1% |
| 5+ Bedrooms | $430K | $430K | 0.0% |
Summary: Ferndale housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 5.1%, 3 bedroom homes did not change, 4 bedroom homes increased by 4.1%, and 5+ bedroom homes did not change.
Housing Supply in Ferndale, MD
How many homes are available in Ferndale, MD?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 42 | 37 | -11.9% |
Summary: The Ferndale real estate market had 37 homes for sale in November 2024, a 11.9% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 3 | 5 | +66.7% |
| 3 Bedrooms | 22 | 19 | -13.6% |
| 4 Bedrooms | 13 | 11 | -15.4% |
| 5+ Bedrooms | 4 | 2 | -50.0% |
Summary: The Ferndale housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 66.7%, 3 bedroom homes decreased by 13.6%, 4 bedroom homes decreased by 15.4%, and 5+ bedroom homes decreased by 50%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 13 | 13 | 0.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Ferndale, you could pay more than the asking price. 53.8% of homes here sold above asking price last month.
Summary: A total of 13 homes were sold or pending in Ferndale in November 2024, the same as the previous month. Of the 13 sold homes, 23% were sold under asking, 23% were sold at asking, and 54% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 21 Days | 16 Days | -21.5% |
Summary: Homes in Ferndale had an average of 16 days on market in Nov 2024, down by 21.5% compared to last year.
Breakdown of Home Sale Times
11 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Ferndale are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 13 homes were sold in Ferndale; 85% of homes were sold within 30 days, 15% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
