How much does it cost to buy a house in Ferndale, MI?

In May 2026 Ferndale homes were listed to buy for a median price of $249K, which is a 3% decrease to April 2025 last month, and a 2% decrease to May 2025 last year. The median value of a home listed to buy in Ferndale in May 2026 was $222 per sqft, which is a 4% decrease to April 2025 last month, and a 4% decrease to May 2025 last year.

Is it affordable or expensive to live in Ferndale, MI?

It is affordable to live in Ferndale. Buying a home in Ferndale is 1% less expensive compared with the national average.

Is it a good time to buy property in Ferndale, MI?

Yes now is a good time to buy property in Ferndale, in May 2026, homes in Ferndale have decreased in value (price per sqft) by 4% in the last year compared with May 2025.

Is the Ferndale, MI housing market slowing down?

The housing market in Ferndale is slowing down. In May 2026, homes to buy in Ferndale spent an median 21 days on the market, a 16% decrease from May 2025 last year.

What are the best and safest places to live in Ferndale, MI?

The best and safest neighborhoods to live in Ferndale in May 2026 are Indian Village, Corktown, Brush Park, Downtown Royal Oak, Detroit Golf, Palmer Park, Downtown Pleasant Ridge, Green Acres, University District, Downtown Detroit, Downtown Ferndale, North Rosedale Park, Rosedale Park, Russell Woods, Lafayette Park, East English Village, Pembroke, Eight Mile Wyoming, Grandmont, Brightmoor

How much money should I make to buy a house in Ferndale, MI?

In May 2026, Ferndale homes were listed to buy for a median price of $249K, with 25% down you would need $1.59K/month to cover expenses and assume that's 35% of your total monthly income, your total yearly income would need to be $54.5K.

Is it a good time to sell my house in Ferndale, MI?

Yes now is a good time to sell your house in Ferndale, in May 2026, homes in Ferndale have decreased in value (price per sqft) by 4% in the last year compared with May 2025.