Birmingham, AL 35234 Real Estate Market Report

ZIP Code: 35234
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

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 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 6.38%, reflecting the broader market trend where rates have remained above 6% throughout 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. median sold price 113,500 is the primary indicator of recent transaction-level value in 35234; given the gap between the median listing price 157,500 and the median sold price, sellers should expect pricing friction and align offers to completed-sale levels rather than asking-price expectations.

2. median days on market 267 suggests slower sales velocity in the analyzed sample; this extended time-to-contract may indicate the need for targeted pricing, staged marketing, or condition-based concessions to accelerate closings.

3. price year-over-year trend up and rent year-over-year trend up together imply modest appreciation and improving rent fundamentals; investors and owner-occupiers should monitor comps closely but may find selective opportunities where rental income supports holding through slower resale periods.

4. interest rate pressure moderate (current 30-year fixed ~6.38%) and market temperature neutral point to a balanced market environment; buyers face meaningful financing costs while sellers should not assume a rapid clearance of inventory, so consider realistic pricing and financing contingency strategies.

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Notable Properties

The following 7 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.