Birmingham, AL 35215 Real Estate Market Report

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

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Executive Overview

The Birmingham market, specifically in the 35215 area, reflects a median sold price of $135,000, indicating a stable transaction environment despite the 127 days median days on market. This suggests a relatively slower sales velocity, which may be attributed to elevated inventory levels compared to sales activity. The market has shown an upward trend in pricing, with a median listing price of $175,000, highlighting a notable gap between asking and sold prices, which could indicate seller expectations that are not fully aligned with current buyer sentiment.

Overall, the market appears to be experiencing a neutral temperature, suggesting balanced conditions. However, the elevated interest rate pressure may be contributing to the slower sales pace, as buyers navigate financing challenges. Despite these pressures, sustained buyer demand and relative affordability in the area continue to support a competitive market environment for 2026, with modest appreciation anticipated moving forward.

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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 around 6.09% are 0.78% lower than the 6.87% average seen one year ago, indicating a favorable market for refinancing.

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 median sold price of $135,000 indicates a stable market, despite longer 127 days on market, suggesting slower sales velocity.

2. With a median listing price of $175,000, there is a significant gap between asking and sold prices, indicating potential pricing friction in the market.

3. The market temperature is currently neutral, suggesting balanced conditions between supply and demand.

4. Elevated interest rate pressure may be impacting buyer activity, contributing to slower transaction volume.

5. The median market rent stands at $1,376, reflecting mixed rental trends across the region, with some areas experiencing increases despite an overall city decrease.

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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.