All Home Types
Ferndale Housing Market
What is the housing market like in Ferndale today?
In June 2023, Ferndale home prices were down 2.0% compared to last year, selling for a median price of $245K. On average, homes in Ferndale sell after 10 days on the market compared to 13 days last year. There were 45 homes sold in June this year, down from 67 last year.
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$245,000
-2.0% YoY | Jun 2023
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Jun 2023
Growth
% YoY
Ferndale, MI
$245,000
-2.0%
United States
Ferndale Migration & Relocation Trends
In May '23 - Jul '23, 26% of Ferndale homebuyers searched to move out of Ferndale, while 74% looked to stay within the metropolitan area.
- Across the nation, 0.78% of homebuyers searched to move into Ferndale from outside metros.
- Washington homebuyers searched to move into Ferndale more than any other metro followed by Los Angeles and San Francisco.
Where are people moving to Ferndale from?
- 74% of Ferndale homebuyers searched to stay within the Ferndale metropolitan area.
- Grand Rapids was the most popular destination among Ferndale homebuyers followed by Cape Coral and Miami.
Where are people from Ferndale moving to?
Number of People Moving to Ferndale
least
most
Click on a state in the migration map to view the number of people who are searching to move into a state versus out of a state
People are moving to Ferndale from
| Inbound | Net inflow | ||
|---|---|---|---|
| Metros | May '23 - Jul '23 | ||
| 1 | 314 | ||
| 2 | 257 | ||
| 3 | 222 | ||
| 4 | 186 | ||
| 5 | 162 | ||
| 6 | 70 | ||
| 7 | 66 | ||
| 8 | 46 | ||
| 9 | 30 | ||
| 10 | 14 | ||
People are leaving Ferndale for
| Outbound | Net outflow | ||
|---|---|---|---|
| Metros | May '23 - Jul '23 | ||
| 1 | 1,017 | ||
| 2 | 311 | ||
| 3 | 252 | ||
| 4 | 245 | ||
| 5 | 214 | ||
| 6 | 211 | ||
| 7 | 188 | ||
| 8 | 179 | ||
| 9 | 169 | ||
| 10 | 150 | ||
Methodology
Recently sold homes
Learn about natural hazards and environmental risks, such as floods, storms, fires, droughts and heat risks that could impact homes in Ferndale.
Likelihood of Flooding in Ferndale Homes
Approximately 830 homes (8%) are already
at risk
in Ferndale, and within 30 years, about 895 homes (9%) will be at risk. Flood risk in Ferndale is increasing faster than the national average.Flood risk data is provided by Risk Factor™, a product of the nonprofit First Street Foundation. Risk Factor™ is a peer reviewed scientific model, designed to approximate flood risk and not intended to include all possible risks of flood.
Questions or feedback about this data?
Learn more about how this data is calculated here.
Likelihood of Drought, Fire, Heat, and Storm
Click on the risks below to learn which exist in Ferndale today and how they’ll change by 2050.
Storm Risk
Very High
Heat Risk
Moderate
Fire Risk
Low
Drought Risk
Low
Heat risk estimates how much climate change might increase the typical number of hot days in a year and the likelihood of extreme heat and heatwaves.
- A day that reaches above 91ºF is considered hot for Ferndale. Normally, Ferndale experiences about 8 hot days per year.
- Ferndale’s forecast in 2050 is about 37 hot days per year.
Storm risk estimates how much climate change increases the chances of extreme precipitation, when a lot of rain or snow falls in a short time, including thunderstorms, snowstorms, and tropical cyclones.
- Normally, Ferndale experiences about 12 significant two-day storms per year, with about 1" of precipitation per storm.
- Ferndale’s forecast in 2050 is about 14 storms, with about 1" of precipitation per storm.
Fire risk estimates the risk of wildfires, based on the likelihood of burning in the future and the potential size and severity of a fire.
- Normally, about 0.03% of land near Ferndale burns in a year, or about 977 sq. miles within a 100-mile radius.
- Ferndale’s forecast in 2050 is up to about 1347 sq. miles burned in a year (0.04%).
Drought risk is based on water stress, which estimates how much of the future water supply will be used for human purposes, like watering the lawn.
- The percentage of available water supply used by humans determines water stress. An area is at especially high risk when water stress is above 40%. Ferndale’s water stress now is about 1%.
- Ferndale’s projected water stress in 2050 is about 1%.
- Ferndale’s drought risk (19) is 38% higher than average for people in Michigan State (14).
See Ferndale’s climate risk details at climatecheck.com 
ClimateCheck™ analyzes a property's risk from climate change using the latest modeling and data from climate scientists, universities, and federal agencies.
Questions or feedback about this data?
Learn more about how this data is calculated here.
Compare environmental risks to nearby cities
Transportation in Ferndale
Learn about the walkability, bikeability, and transit-friendliness of Ferndale
Somewhat Walkable
Walk Score®
Minimal Transit
Transit Score®
Bikeable
Bike Score®
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