Birmingham, AL 35204 Real Estate Market Report

Market Overview

This analysis is based on a sample of properties from this ZIP code (up to 200 sold properties and up to 100 active properties). The median prices below are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

Market Metrics

The property counts shown above represent only the properties analyzed in this report sample, not the total inventory for this ZIP code. Median prices are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

Rental Market

Property Taxes

Liquidity & Velocity

Note: A Sale-to-List Ratio near 100% can occur when properties sell at or near their final listing price after price adjustments during the listing period, even when initial listing prices differ significantly from sale prices.

Market Trends & Context

Note: Interest rate comparisons provide market context. The existing "Interest Rate Pressure" metric above shows the qualitative market impact.

Key Findings

1. 82,000 is the representative recent transaction level based on the median sold price, indicating the neighborhood's realized market value; with a flat price trend and neutral market temperature, this suggests prices are stable rather than accelerating or correcting.
2. The gap between the median listing price of 97,500 and the median sold price highlights pricing friction between seller expectations and completed transactions; given the median days on market of 34, this appears to be producing moderate transaction velocity rather than rapid turnover. balanced/neutral market conditions may allow buyers modest negotiating leverage.
3. Rental context shows a median market rent of 950 and a median price per square foot of 71.16, which frames income-market comparisons; investors should treat rental performance as steady given the rent year-over-year trend is flat.
4. Interest rate pressure is reported as elevated, and the local 30-year fixed mortgage rate is listed at 6.71% (which is 0.73% higher than the market low of 5.98% observed in February 2026), so financing costs remain a headwind that may temper buyer activity and support continued negotiation on price and terms.

Notable Properties

The following 8 properties represent notable market examples and recent transactions that illustrate key market dynamics. These are illustrative examples selected for their significance (top sales, market benchmarks, quick sales) and are not the basis for the statistical calculations shown above.