Birmingham, AL 35215 Real Estate Market Report

ZIP Code: 35215
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.

Current Mortgage Rate Context

Market-level mortgage rate comparison for this area:

Current 30-year fixed mortgage rates in Birmingham, AL are 6.35%, which is 0.48% higher than the 5.87% average seen during February 2026 loan originations.

Note: Interest rate comparisons provide market context. The existing "Interest Rate Pressure" metric above shows the qualitative market impact.

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Key Findings

1. The neighborhood's primary market value indicator, the median sold price, is $134,900, reflecting realized transaction pricing that sits below the median listing price of $149,950 and suggesting a gap between seller expectations and recent closed deals.

2. Given the reported median days on market of 191, the market appears to have slower sales velocity, which may indicate pricing friction or elongated time-to-contract despite a neutral market temperature.

3. The reported median price per square foot is $100, which when combined with a median market rent of $1,295 and a rent year-over-year trend of up, suggests rent-supported valuation stability for SFR and condominiums rather than speculative upside.

4. Interest rate dynamics are a headwind: interest rate pressure is described as elevated, and current 30-year fixed mortgage rates in Birmingham are stated at 6.35%, about 0.48% higher than the recent February 2026 loan origination average, which may constrain buyer affordability and slow transaction velocity.

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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.

Birmingham, AL 35215 Real Estate Market Report

ZIP Code: 35215
Report Date: May 2026
Market Temperature: NEUTRAL
Scope: This ZIP code analysis focuses on condominium properties. Metrics are calculated from recent condo 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

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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.

Current Mortgage Rate Context

Market-level mortgage rate comparison for this area:

Current 30-year fixed mortgage rates in Birmingham, AL are 6.35%, which is 0.48% higher than the 5.87% average seen during February 2026 loan originations.

Note: Interest rate comparisons provide market context. The existing "Interest Rate Pressure" metric above shows the qualitative market impact.

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Key Findings

1. The primary market indicator, 76,500, is the median sold price and represents recent transaction-level market value for SFR and condominium properties in ZIP 35215, providing the clearest signal of realized pricing.

2. Sales and pricing context shows a moderate price floor with a 61.91 median price per square foot, which, combined with the market temperature described as neutral, suggests currently balanced buyer-seller conditions with limited directional pressure on rates per sqft.

3. Rental fundamentals are supportive of investor appetite: the 850 median market rent is rising (up for rent year-over-year trend), which may underpin demand for leased SFR and condo units even as sales activity remains measured.

4. Financing headwinds persist: elevated interest rate pressure is present and Current 30-year fixed mortgage rates in Birmingham, AL are 6.35%, which is 0.48% higher than the 5.87% average seen during February 2026 loan originations; this dynamic may constrain affordability and slow transaction velocity despite stable prices.

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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.