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. The median sold price is 81,000, which should be treated as the primary indicator of recent market value—there is a notable spread between the median listing price and the median sold price that suggests pricing gap between seller expectations and realized transactions.
2. The median sold price of 81,000 combined with a median days on market of 37 appears to reflect moderate sales velocity, indicating steady but not rapid turnover and that buyers may have incremental negotiating leverage.
3. The market shows a price per square foot of 66.05 alongside a median market rent of 950, with rent year-over-year trend flat and price year-over-year trend up, suggesting pricing growth pressure on purchase values while rental income remains stable.
4. Interest rate conditions are a headwind: interest rate pressure is elevated and current 30-year fixed mortgage rates in Birmingham are reported as 6.6% compared to 6.0% earlier in 2026, which may constrain buyer affordability and favor owners who locked in earlier, lower rates; this dynamic supports a cautious approach to pricing and concessions.

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.