AL · Metro #51

Birmingham - AL housing market

The Birmingham metro has a typical home value of $259,928, up 1.8% from a year ago. Homes are moving fast at 18 days on market - a strong seller's market. 21% of listings have had a price cut. Data from Zillow Research, updated monthly.

Typical home value
$259,928
+1.8% vs. year ago
Median sale price
$262,550
+10.1% YoY
Median list price
$294,333
Sale-to-list ratio
97.5%
Selling below ask
Days on market
18d
Listings w/ price cut
20.7%
New listings / mo
1,603
+2.3% YoY
Homes for sale
5,403
+9.5% YoY
Typical rent
$1,422/mo
+1.4% YoY
Context

How to read this data

The typical home value ($259,928) is the Zillow Home Value Index for the Birmingham - AL metro area , a smoothed, seasonally adjusted estimate of the typical value for middle-tier homes (33rd to 67th percentile) across single-family and condo properties.

Prices are up 1.8% over the past year. In Birmingham - AL, that means a home worth $255,332 last year is now worth roughly $259,928.

The median sale price , what homes actually close for , is $262,550. Homes are selling at 97.5% of list price, meaning buyers have room to negotiate.

Homes listed in Birmingham - AL sit on the market for roughly 18 days before going pending. Shorter = seller's market; longer = buyer's market.

About 20.7% of current listings have had at least one price cut. High price-cut shares signal sellers are adjusting expectations downward.

Roughly 1,603 new listings hit the market each month in Birmingham - AL. There are currently 5,403 homes for sale, up 9.5% from a year ago.

The typical monthly rent in Birmingham - AL is $1,422, up 1.4% year over year. For investors, the price-to-rent ratio here is roughly 15x annual rent.

What's not on this page

This is market-level data, not property-level. We don't list individual homes for sale. For that, go to Zillow, Redfin, or your local MLS.

Related

Other metros in AL

MetroHome value1-yr changeDays on market
Huntsville - AL$314,472 +0.7% 26.0d
Mobile - AL$195,585 -0.8% 25.0d
Montgomery - AL$211,758 +3.5% 23.0d
Tuscaloosa - AL$221,334 +0.2% 24.0d
Get new posts in your inbox. No spam, unsubscribe anytime.