Birmingham, AL 35215 Real Estate Market Report

ZIP Code: 35215
Report Date: March 2026
Market Temperature: NEUTRAL
Scope: Single-Family Residential (SFR) listings and comps only

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Executive Overview

The Birmingham housing market in ZIP 35215 is currently characterized by a median sold price of $123,950, reflecting a stable market despite recent fluctuations. The absence of historical sold price change data limits the ability to assess long-term trends, but the current price indicates that the market is maintaining a level of resilience. The median listing price stands at $149,450, suggesting a notable gap between seller expectations and actual transaction values, which may indicate pricing friction in the market.

Market activity appears to be cooling, with median days on market reaching 183, indicative of slower sales velocity and potentially elevated inventory levels. The combination of elevated interest rate pressure and a neutral market temperature suggests that buyers may be exercising caution, leading to excess supply relative to sales activity. This environment may require sellers to adjust their pricing strategies to align more closely with buyer expectations.

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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 the Birmingham, AL market average around 6.65% compared to 6.95% one year ago, indicating a slight cost advantage for new financing.

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. $123,950 is the current median sold price, indicating a stable market despite potential pricing friction.

2. 183 days is the median days on market, suggesting slower sales velocity and a potential need for pricing adjustments.

3. $149,450 is the median listing price, reflecting a significant gap compared to the sold price, which may indicate seller expectations are misaligned with market realities.

4. The market temperature is currently neutral, suggesting balanced conditions without strong buyer or seller advantages.

5. Elevated interest rate pressure is impacting affordability, which may contribute to the excess supply relative to sales activity.

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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.