Birmingham, AL 35204 Real Estate Market Report

ZIP Code: 35204
Report Date: April 2026
Market Temperature: NEUTRAL
Scope: Single-Family Residential (SFR) listings and comps only

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Executive Overview

The real estate market in Birmingham, AL (ZIP: 35204) is currently characterized by a median sold price of $67,000, reflecting a market that has seen a decrease in home values. This downward trend indicates a shift in buyer sentiment and may suggest increased negotiation power for potential buyers. The median days on market stands at 279, which points to slower sales velocity and a potential oversupply of homes relative to demand, contributing to a more cautious market environment.

Despite the challenges in home sales, the rental market is experiencing a moderate increase in the median market rent, which is currently at $1,376. This divergence between the rental and sales markets may indicate a shift in housing preferences, with more individuals opting for rental options amid fluctuating home prices. Overall, the market temperature remains neutral, suggesting a balanced environment where neither buyers nor sellers have a definitive advantage.

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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.

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Market Metrics

Note: 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.

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Rental Market

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Property Taxes

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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.

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Market Trends & Context

Understanding Market Temperature

A Neutral market indicates balanced conditions where neither buyers nor sellers have a strong advantage, typically characterized by flat price trends, extended but stable days on market, and moderate inventory relative to sales.

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Key Findings

1. The median sold price of $67,000 indicates a declining trend in home values, which may affect seller expectations.

2. With a median days on market of 279, the market is experiencing slower sales velocity, suggesting potential pricing friction.

3. The median market rent has increased to $1,376, reflecting a growing demand for rental properties despite the declining sales prices.

4. The market temperature is currently neutral, indicating a balanced environment for both buyers and sellers.

5. The median price per square foot is $55.96, which may suggest caution for buyers regarding pricing expectations.

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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.