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. median sold price: 82,000 is the primary indicator of realized market value and suggests a market where recent transactions are occurring materially below asking expectations; the notable gap to the median listing price: 115,000 may indicate pricing friction and that sellers who remain at ask levels are likely to see extended marketing times.
2. median days on market: 359 points to markedly slower transaction velocity and suggests liquidity is constrained for typical SFR and condo listings; this extended time on market appears consistent with the broader cold market classification and the down price year-over-year trend.
3. median market rent: 995 and the rent year-over-year trend: up signal strengthening rental demand even as sales prices soften, which may support buy-to-rent strategies where the purchase price aligns with the current median sold price.
4. median price per square foot: 69.84 provides a reference for unit-level valuation across recent transactions, but combined with a moderate interest rate pressure and the stated mortgage environment (Current 30-year fixed mortgage rates in Birmingham, AL, are averaging approximately 6.60%, which is higher than the 5.98% to 6.46% range observed earlier in 2026) the market may see continued upward pressure on borrowing costs that could further weigh on buyer activity; inventory in the analyzed sample is characterized as relatively constrained active supply, which may limit upside near term despite slower sales velocity.

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.