Birmingham, AL 35244 Real Estate Market Report

ZIP Code: 35244
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 averaging approximately 6.58%, reflecting a market environment where rates have remained elevated throughout 2026 compared to historical lows.

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: $451,000 is the primary indicator of market value and recent transactions in ZIP 35244; this level, combined with a broadly up price year-over-year trend, suggests ongoing price appreciation supported by local economic diversification into healthcare and services.

2. There is a significant gap between median listing price: $570,000 and median sold price: $451,000, which may indicate seller pricing optimism and pricing friction that buyers are negotiating through rather than immediately accepting.

3. With a median days on market: 152, transaction velocity appears slower than typical fast-turn markets; this longer market exposure suggests moderate sales velocity and may require targeted marketing or price adjustments to accelerate closings.

4. Rental and financing context: median market rent: $2,300 and median price per square foot: $198 coexist with rising rents and an elevated mortgage rate environment (≈6.58% 30‑year average), implying financing cost sensitivity for owner-occupiers and investors while rent growth remains a positive backdrop.

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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.

Birmingham, AL 35244 Real Estate Market Report

ZIP Code: 35244
Report Date: May 2026
Market Temperature: NEUTRAL
Scope: This ZIP code analysis focuses on condominium properties. Metrics are calculated from recent condo 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 approximately 6.58%, reflecting a market environment where rates have remained elevated throughout 2026 compared to historical lows.

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, the neighborhood's 199,500 median sold price, points to continued transaction-level appreciation with recent sales clustering around that representative recent sale price; overall price momentum is up based on available trend metrics.

2. The 171 median price per square foot supports the median sold price as a market-value signal and suggests pricing density consistent with steady demand; given the reported neutral market temperature, this appears to reflect balanced buyer-seller dynamics rather than a sharp overheating or collapse.

3. Observed liquidity signals suggest moderate transaction velocity and some pricing friction rather than rapid churn: the market temperature is neutral and interest rate stress is moderate, which may indicate buyers are deliberate under current financing conditions (Current 30-year fixed mortgage rates in Birmingham, AL, are averaging approximately 6.58%).

4. Rental side fundamentals show a 1,800 median market rent with rent trends up, indicating strengthening rental demand that can support investor interest, while inventory conditions appear as elevated inventory relative to sales activity in portions of the ZIP code rather than broadly constrained supply.

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Notable Properties

The following 6 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.