Birmingham, AL 35228 Real Estate Market Report

ZIP Code: 35228
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

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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 6.3%, which is higher than the sub-6% rates observed in February 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 primary indicator of market value is the 85,000 median sold price, which aligns with the 85,000 median listing price and suggests a balanced pricing between list and sale in recent transactions.

2. The 315 median days on market indicates slower sales velocity, which may reflect longer decision times by buyers or transaction friction rather than purely weak demand.

3. Rents are rising and the 1,050 median market rent supports continued rental demand, indicating rental market strength that may underpin buyer interest in the area; rent growth is positive.

4. Market temperature is neutral while interest rate pressure is moderate; the 6.3% current average 30-year fixed mortgage rate (higher than sub-6% in February 2026) suggests > caution for rate-sensitive buyers and could moderate near-term transaction 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.