Birmingham, AL 35218 Real Estate Market Report

ZIP Code: 35218
Report Date: May 2026
Market Temperature: COLD
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 Cold market indicates weak buyer demand relative to available inventory, typically characterized by declining or flat prices, extended days on market, and elevated inventory levels relative to sales.

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Key Findings

1. The primary indicator of market value is the median sold price, which stands at 85,000 and represents the most reliable signal of recent transaction activity in the neighborhood; given the gap versus the median listing price, sellers appear to be targeting higher asking prices than recent closed sales.

2. The market shows slow liquidity with a long median days on market of 305, which suggests slower sales velocity and increased time required to convert listings into closed transactions.

3. Pricing context shows a median listing price of 113,500 alongside a median price per square foot of 70.75, indicating a meaningful spread between asking and realized sale values that may create pricing friction for sellers.

4. Broader market signals are negative: the price year-over-year trend is down, the market temperature is cold, and interest rate pressure is elevated; collectively these factors suggest buyers currently have negotiating leverage and that sellers may need to price competitively to achieve timely closings.

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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.