$7,422 Closing Credit*
$625,000
1,428 SqFt
3 Beds
•1 Full Bath
Valeria Gekelman, Listing Office: HomeSmart One Realty
Is Ferndale, WA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller'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
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $402.5K | $262.2K | -34.8% |
| 2 Bedrooms | $423K | $443.6K | +4.9% |
| 3 Bedrooms | $550K | $589.5K | +7.2% |
| 4 Bedrooms | $695K | $676.5K | -2.7% |
| 5+ Bedrooms | $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 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 101 | 97 | -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
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 0 | -100.0% |
| 2 Bedrooms | 13 | 13 | 0.0% |
| 3 Bedrooms | 50 | 52 | +4.0% |
| 4 Bedrooms | 30 | 23 | -23.3% |
| 5+ Bedrooms | 5 | 9 | +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 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 33 | 15 | -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
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 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 57 Days | 45 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
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.
Listings courtesy of Northwest Multiple Listing Service as distributed by MLS GRID.
The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Northwest MLS IDX. Real estate listings held by other brokerage firms are marked with the green "three trees" logo and includes the name of the listing broker(s). Copyright © 2024 Northwest MLS. All rights reserved.