35040
Birmingham, Alabama

The 35040 ZIP code reports a median sale price of $272,537 as of February 2026, representing an 11.2% year-over-year increase that outpaces typical inflation. Homes are averaging 102.5 days on market, indicating moderate inventory movement rather than rapid turnover. Notably, 23% of properties are selling above list price, suggesting selective competition for certain housing stock while the majority of transactions close at or below asking prices.

This market favors patient buyers willing to negotiate, given that 77% of homes sell at or below list price and inventory sits for over three months on average. Sellers with well-priced properties can still capture the 11.2% annual appreciation, but the 102.5-day average indicates overpricing leads to extended marketing periods. The 23% above-list statistic suggests move-in ready homes in desirable pockets command premiums while others require price adjustments.

The PropIQ score of 70 signals neutral conditions that could shift either direction depending on inventory trends and interest rate movements. The combination of double-digit appreciation alongside three-month marketing times presents conflicting signals worth monitoring monthly. Buyers should track whether days on market compress or extend beyond 102 days, as this metric will telegraph whether the 11.2% price growth proves sustainable or faces correction pressure through summer 2026.