Birmingham, AL 35234 Real Estate Market Report

ZIP Code: 35234
Report Date: March 2026
Market Temperature: NEUTRAL
Scope: Single-Family Residential (SFR) listings and comps only

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Executive Overview

The Birmingham market, particularly in the 35234 area, is currently characterized by a median sold price of $99,949.50, reflecting a stable market despite recent fluctuations. The neighborhood has increased up since 2023, indicating a positive trend in property values. However, the median days on market has reached 291 days, suggesting a slower sales velocity and potentially indicating a more cautious buyer sentiment in the current environment.

With elevated inventory levels relative to sales activity, the market appears to be shifting towards a more balanced condition. The median listing price stands at $157,250, which presents a significant gap compared to the sold price, indicating potential pricing friction as sellers adjust expectations in light of current market dynamics. The local economy remains stable, supported by the healthcare sector, although elevated interest rate pressure may impact affordability for prospective buyers.

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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 the Birmingham, AL market average around 6.38% to 6.65%, which is lower than the 6.65% average seen one year ago.

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 $99,949.50 indicates a stable market condition despite fluctuations in inventory.

2. With 291 days as the median days on market, the market is experiencing slower sales velocity, suggesting a cautious buyer sentiment.

3. The median listing price of $157,250 shows a significant gap from the sold price, indicating potential pricing friction for sellers.

4. Current elevated inventory levels suggest a shift towards more balanced market conditions, favoring buyers slightly.

5. Elevated interest rate pressure may continue to impact affordability, affecting buyer demand in the near term.

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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.