Birmingham, AL 35218 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 neighborhood's primary market signal is the median sold price of $69,000, which anchors recent transaction activity and suggests realized market value is substantially below asking expectations; pricing friction appears between asking and achieved prices.
2. The median listing price of $105,000 significantly exceeds the median sold price, which may indicate seller optimism or a need for price adjustments; this gap suggests slower sales velocity rather than immediate buyer competition.
3. The median days on market of 312 points to prolonged market exposure and slower liquidity for SFR and condominium properties; this duration indicates soft transaction pace and may require staged pricing or targeted marketing to accelerate sales.
4. Market context shows prices are up year-over-year while market temperature is neutral, rent trends are up, and interest rate pressure is elevated (current 30-year fixed rates averaging approximately 6.6%); together these signals support cautious optimism for investors but advise underwriting for 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.