Birmingham, AL 35209 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

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 primary market indicator, $628,500 median sold price, signals recent transaction-based market value with sales showing slight premium versus asking in the sample, suggesting listings are generally aligning with closed prices; up price momentum is reported year-over-year.
2. Liquidity appears muted given a very long median days on market of 632, which points to slower sales velocity and potential pricing friction despite balanced conditions; treat this as evidence of moderate market pacing rather than acute distress.
3. Supply conditions in the analyzed sample reflect a relatively constrained active supply compared with sales throughput, which may support price stability around the $628,500 median sold price while sellers manage expectations against actual transaction outcomes; this aligns with a neutral market temperature.
4. Higher financing cost pressure is a notable headwind: interest rate pressure is described as elevated with current 30-year fixed mortgage rates at 6.54%, while rental demand and rents are rising—median market rent is $1,550 and rent year-over-year trend is up—which may sustain investor interest despite borrowing cost challenges.

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.