Birmingham, AL 35217 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

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

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 is the median sold price of $84,500, which reflects recent transaction values and should be treated as the most reliable snapshot of market value for SFR and condo transactions in 35217.
2. There is a notable spread between the median listing price: $101,286 and the median sold price: $84,500, which suggests pricing friction where seller expectations exceed recent sale outcomes and may require targeted pricing adjustments to accelerate closings.
3. The market shows slower sales velocity, evidenced by a median days on market: 541, which may indicate extended negotiation cycles or conditional demand despite ongoing sales activity and should prompt sellers to consider staging, pricing concessions, or marketing refreshes to improve liquidity.
4. Rents are rising alongside prices—median market rent: $950 and up rent year-over-year trend—while borrowing costs reflect elevated interest rate pressure (current local 30‑year fixed mortgage rates averaging approximately 6.54% vs. 6.09% earlier in 2026); with a neutral market temperature, expect balanced conditions where investors weigh rental upside against higher financing costs.

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.