Birmingham, AL 35217 Real Estate Market Report

ZIP Code: 35217
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.

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Key Findings

1. The neighborhood's primary indicator, the median sold price, is $89,000, which should be treated as the most reliable view of recent transactions and market value; this aligns with a year-over-year price direction reported as up, supporting modest appreciation.

2. The spread between the median listing price of $107,900 and the median sold price of $89,000 points to pricing friction where seller expectations appear higher than realized transaction prices, which may indicate pricing gap and the need for realistic pricing strategies.

3. The median days on market of 286 signals slower sales velocity and longer marketing timelines compared with faster-turn markets; this may indicate more negotiation or condition-driven adjustments are needed to convert listings to closed sales, implying slower sales velocity.

4. Rental and market context show a median market rent of $1,000 and a median price per square foot of 74.43; with a neutral market temperature, flat rent year-over-year, and moderate interest rate pressure, the market appears balanced with steady rental demand and measured buyer/seller 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.