48220 Home Values & Market Trends
There are 658 homes currently listed for 48220. 48220 real estate market trends show that home prices range from $29,900 to $875,000, and the median sales price in the 48220 zip code is $259,900. The total number of properties sold within the past twelve months is 564. In 48220, 20 properties are in foreclosure, 8 are bank owned properties,and 12 are headed for auction.
48220 Real Estate Market Overview
| City | Median Est. Value |
|---|---|
| Ferndale | $ 259,900 $ 252/sqft |
Housing Market Summary for 48220
| Sep 2025 | September 2026 | Change | |
|---|---|---|---|
| Median Listing Price | $255K | $250K | -1.96% |
| Median Sold Price | $283.5K | $232.9K | -17.86% |
| Homes For Sale | 438 | 644 | 47.03% |
| Homes Sold | 206 | 135 | -34.47% |
Price Per Square Foot
On an average, Single Family homes cost $33 more per sqft than Condos. In comparison with sales price/sqft last week, list price/sqft of Single Family homes increased by 1.93% whereas, list price/sqft of Condos increased by 9.38%.
Recently Sold Homes
Explore recent offers and recently sold homes in 48220
Browse Homes in 48220
The median list price of a home in Ferndale, is $259,900. A total of 658 properties are for sale, and the percentage of properties for sale in the zip code is 658.00%. The total count of 48220 properties is 830.
- Pre-ForeclosurePre-foreclosure homes account for 0% of all residential properties in 48220 with $[pre-foreclosures-highest-count-region] containing 0 pre-foreclosures, the highest number of pre-foreclosure properties in a single city. There is 1 cities within 48220; of that cities, the estimated home value for pre-foreclosure homes ranges from $0 in N/A to the lowest home value of $0 in $[pre-foreclosures-lowest-avm-region].
- Bank OwnedThe median estimated home value of bank owned homes (REO properties) in 48220 ranges from the highest value of $299,900 in ferndale to the lowest value of $118,651 in ferndale. Bank owned homes and properties account for 0.96% of properties in 48220. There is 1 cities within 48220; ferndale containing 8 REO properties, has the highest number of bank owned properties in a single city.
- Auctionsferndale has 12 auction properties, the highest number of properties going to auction in a single city in the state of 48220. Auction homes and other auction properties account for 1.45% of all properties in 48220. There is 1 cities within 48220; of that cities, the median estimated home value for homes going to auction ranges from $323,530 in ferndale to the lowest value of $127,106 in ferndale.
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More Real Estate Resources for 48220
Guide for 48220
Foreclosure is a term that can sometimes lead to confusion for those looking to make a real estate investment. In simple terms, it refers to the process where a lender takes possession of a property after the owner fails to keep up with their mortgage payments. When it comes to land, this means that buyers […]
Descubre todo lo que necesitas saber sobre cómo comprar una casa en ejecución hipotecaria.
Learn how to buy a foreclosed home in Chicago, Illinois.
Tips to find a home in pre-foreclosure and get a good deal on a new home.
