AL · Metro #51

Birmingham - AL housing market

The Birmingham metro has a typical home value of $262,556, up 2.0% from a year ago. Homes are moving fast at 17 days on market - a strong seller's market. 22% of listings have had a price cut. Data from Zillow Research, updated monthly.

Typical home value
$262,556
+2.0% vs. year ago
Median sale price
$267,794
+8.0% YoY
Median list price
$297,967
Sale-to-list ratio
98.1%
Selling below ask
Days on market
17d
Listings w/ price cut
22.0%
New listings / mo
1,712
+1.5% YoY
Homes for sale
5,558
+7.4% YoY
Typical rent
$1,448/mo
+1.2% YoY
Context

How to read this data

The typical home value ($262,556) 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 2.0% over the past year. In Birmingham - AL, that means a home worth $257,408 last year is now worth roughly $262,556.

The median sale price , what homes actually close for , is $267,794. Homes are selling at 98.1% of list price, meaning buyers have room to negotiate.

Homes listed in Birmingham - AL sit on the market for roughly 17 days before going pending. Shorter = seller's market; longer = buyer's market.

About 22.0% of current listings have had at least one price cut. High price-cut shares signal sellers are adjusting expectations downward.

Roughly 1,712 new listings hit the market each month in Birmingham - AL. There are currently 5,558 homes for sale, up 7.4% from a year ago.

The typical monthly rent in Birmingham - AL is $1,448, up 1.2% 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$316,645 +0.7% 21.0d
Mobile - AL$197,857 -0.4% 24.0d
Montgomery - AL$214,099 +3.7% 22.0d
Tuscaloosa - AL$223,201 +0.4% 28.0d
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