$350 Closing Credit*
$29,500
3 Beds
•1 Full Bath
Jeffrey Walker, Listing Office: Forest Lake Real Estate Group
Is Ferndale, PA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, 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, PA
How much do homes in Ferndale, PA cost?
Median Sold Price
$74,600
$57/sqft
Based on all homes sold in December 2024.
Difference Since Last Month
-$71,400(-48.9%)
Key Takeaway
Homes in Ferndale have sold for 48.9% less than they did a month ago.
Summary: The median home sold price in Ferndale was $74,600 in December 2024, down 48.9% from last month, and the median price per square foot was $57.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | - | N/A |
| 3 Bedrooms | $173.7K | $49.3K | -71.6% |
| 4 Bedrooms | $146K | $99.9K | -31.6% |
| 5+ Bedrooms | - | - | N/A |
Summary: Ferndale housing prices by bedroom type for December 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes decreased by 71.6%, 4 bedroom homes decreased by 31.6%, and 5+ bedroom homes did not change.
Housing Supply in Ferndale, PA
How many homes are available in Ferndale, PA?
Number of Homes For Sale
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 7 | 4 | -42.9% |
Summary: The Ferndale real estate market had 4 homes for sale in December 2024, a 42.9% decrease compared to November 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 5 | 3 | -40.0% |
| 4 Bedrooms | 2 | 1 | -50.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Ferndale housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 40%, 4 bedroom homes decreased by 50%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 3 | 2 | -33.3% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Ferndale, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in Ferndale in December 2024, down by 33.3% month-over-month. Of the 2 sold homes, 50% were sold under asking, 50% were sold at asking, and 0% were sold over asking.
Days on Market for Ferndale, PA
How long does it take to sell a home in Ferndale, PA?
Average Sale Time
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 10 Days | 42 Days | +320.0% |
Summary: Homes in Ferndale had an average of 42 days on market in Dec 2024, up by 320% compared to last month.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Ferndale has remained consistent over time.
Summary: During December 2024, 2 homes were sold in Ferndale; 0% of homes were sold within 30 days, 100% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
