$10,000 Closing Credit*
$1,195,000
2,733 SqFt
3 Beds
•1 Full Bath, 1 Partial
Kristal Grimstead, Listing Office: COMPASS
Is Ferndale, WA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 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, WA
How much do homes in Ferndale, WA cost?
Median Sold Price
$610,950
$341/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$35,950(+6.3%)
Key Takeaway
Homes in Ferndale have sold for 6.3% more than they did a year ago.
Summary: The median home sold price in Ferndale was $610,950 in October 2024, up 6.3% from last year, and the median price per square foot was $341.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $402.5K | $262.2K | -34.8% |
| 2 Bedrooms | $422K | $445K | +5.5% |
| 3 Bedrooms | $550K | $577.5K | +5.0% |
| 4 Bedrooms | $675K | $695K | +3.0% |
| 5+ Bedrooms | $730K | $690K | -5.5% |
Summary: Ferndale housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 34.8%, 2 bedroom homes increased by 5.5%, 3 bedroom homes increased by 5%, 4 bedroom homes increased by 3%, 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
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 112 | 108 | -3.6% |
Summary: The Ferndale real estate market had 108 homes for sale in October 2024, a 3.6% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 3 | +50.0% |
| 2 Bedrooms | 17 | 14 | -17.6% |
| 3 Bedrooms | 62 | 54 | -12.9% |
| 4 Bedrooms | 28 | 32 | +14.3% |
| 5+ Bedrooms | 3 | 5 | +66.7% |
Summary: The Ferndale housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes decreased by 17.6%, 3 bedroom homes decreased by 12.9%, 4 bedroom homes increased by 14.3%, and 5+ bedroom homes increased by 66.7%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 34 | 32 | -5.9% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
13 Homes Were Sold
At Asking
10 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Ferndale, expect to pay close to the asking price. 40.6% of homes here sold near the asking price last month.
Summary: A total of 32 homes were sold or pending in Ferndale in October 2024, down by 5.9% month-over-month. Of the 32 sold homes, 28% were sold under asking, 41% were sold at asking, and 31% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 42 Days | 37 Days | -11.9% |
Summary: Homes in Ferndale had an average of 37 days on market in Oct 2024, down by 11.9% compared to last year.
Breakdown of Home Sale Times
18 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
6 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 October 2024, 32 homes were sold in Ferndale; 56% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 19% 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.