Birmingham, AL 35204 Real Estate Market Report

ZIP Code: 35204
Report Date: May 2026
Market Temperature: NEUTRAL
Scope: This ZIP code analysis focuses on single-family residential (SFR) properties. Metrics are calculated from recent sales and active listings within the past 90 days.

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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 primary market indicator is the 98,450 median sold price, which reflects recent transaction activity and aligns with a reported price year-over-year trend that is up, suggesting modest appreciation in realized values.

2. There is a notable spread between the 116,250 median listing price and the median sold price; combined with a 301 median days on market, this suggests pricing friction and slower sales velocity that may require seller concessions or pricing adjustments to close transactions.

3. Market balance appears relatively constrained on the supply side based on the sampled data, indicating neutral market temperature while sales velocity is slower; this combination may favor careful pricing strategies rather than aggressive list-price increases.

4. Rental context supports investor interest: the 950 median market rent and a rent year-over-year trend that is up indicate steady to strengthening rental income potential, though moderate interest rate pressure (moderate) should be accounted for in financing scenarios.

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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.