Birmingham, AL 35205 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

Note: The relationship between property values and rental rates reflects different market dynamics. Higher-priced properties may have lower rental yields due to factors such as luxury market positioning, owner-occupancy preferences, or long-term appreciation strategies rather than immediate rental income maximization.

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

Key Findings

1. The primary indicator of value is the median sold price 239,500, which anchors recent transaction-based pricing and suggests realized market value for SFR and condo sales in the ZIP code.
2. There is a wide gap between median listing price 334,900 and the median sold price 239,500, which may indicate pricing friction where seller expectations exceed recent transaction prices; this appears alongside moderate/neutral market conditions and should prompt careful pricing strategy for new listings.
3. Market velocity appears slow based on the median days on market 335, which suggests extended time to close and elevated interest rate pressure may be contributing to longer holding periods; pricing discipline and targeted marketing may be required to improve liquidity.
4. Fundamental demand signals are mixed: the price year-over-year trend up and rent year-over-year trend up point to underlying strength in pricing and rental demand, while the reported neutral market temperature suggests the market currently balances price appreciation with tempered transaction activity.

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.