Birmingham, AL 35228 Real Estate Market Report

ZIP Code: 35228
Report Date: April 2026
Market Temperature: NEUTRAL
Scope: Single-Family Residential (SFR) listings and comps only

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Executive Overview

As of April 2026, the real estate market in Birmingham, AL (ZIP: 35228) shows a median sold price of $79,000, reflecting a down trend in pricing. This indicates a shift towards a more balanced market, moving away from a previously seller-favored environment. The median listing price stands at $74,700, suggesting a pricing gap that may create friction between seller expectations and buyer willingness, highlighting the need for strategic pricing in listings.

Transaction activity appears moderate, with median days on market recorded at 288 days, indicating slower sales velocity. The elevated inventory levels relative to sales activity suggest a market that is rebalancing, with potential buyers having more options available. Despite the down trend in sold prices, rental demand remains stable, with a median market rent of $1,376, indicating ongoing interest in rental properties in the area, which may provide opportunities for investors looking to capitalize on rental income in this evolving market.

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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

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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.

Current Mortgage Rate Context

Market-level mortgage rate comparison for this area:

Current 30-year fixed mortgage rates in Birmingham, AL are averaging 6.47%, which is 0.8% higher than the average rate of 5.67% seen in early 2026.

Note: Interest rate comparisons provide market context. The existing "Interest Rate Pressure" metric above shows the qualitative market impact.

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Key Findings

1. The median sold price of $79,000 reflects a down trend in pricing, indicating potential challenges for sellers.

2. With a median listing price of $74,700, there is a notable pricing gap that may create friction in negotiations between buyers and sellers.

3. The median days on market of 288 days suggests slower sales velocity, indicating that properties are taking longer to sell.

4. Elevated inventory levels relative to sales activity suggest an excess supply in the market, which may lead to further pricing adjustments.

5. Despite the challenges in sales prices, the median market rent of $1,376 shows stability, indicating ongoing demand for rental properties.

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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.