35061
Birmingham, Alabama
Birmingham 35061 is stable.
The 35061 ZIP code in Birmingham, Alabama has a median sale price of $104K, down -48.0% year-over-year. Homes spend an average of 187 days on market, with 100% of homes selling above list price.
Folio's PropIQ™ score of 71 signals Neutral Watch conditions. This market is holding steady. Monitor inventory shifts before committing.
ZIP code 35061 presents a market in significant flux, with the median sale price settling at $104,000 following a stark 48.0% year-over-year decline. Despite this dramatic price correction, properties are averaging 187 days on market, indicating persistent demand friction even at reduced valuations. Paradoxically, 100% of closed transactions exceeded their list price, suggesting the homes that do sell are strategically priced below market-clearing levels to generate competitive tension.
This environment favors cash buyers and value investors willing to absorb the extended 187-day holding period during acquisition. The price-to-list dynamics indicate sellers must price aggressively below perceived value to achieve sales, creating negotiation leverage for disciplined purchasers. Owner-occupants seeking affordability in the Birmingham metro can exploit the $104,000 entry point, though they must accept illiquidity risk given the extended marketing timeline and recent 48% depreciation trend.
The PropIQ score of 71 signals neutral conditions with caution warranted, reflecting the tension between falling prices and complete above-list closings. The 187-day absorption rate will be the critical metric to monitor; any extension beyond 200 days would indicate further price discovery downward, while compression below 150 days might confirm the correction has stabilized at current levels.
What is the median home price in 35061 Birmingham?
The median sale price in 35061 is $104K, down -48.0% year-over-year as of 2026-02-28.
How long do homes stay on the market in Birmingham 35061?
Homes in 35061 Birmingham spend an average of 187 days on market before going under contract.
Is Birmingham 35061 a good place to invest in real estate?
Folio's PropIQ™ score for 35061 is 71/100 — a Neutral Watch signal. 100% of homes sold above asking.
What does a PropIQ™ score of 71 mean for 35061?
PropIQ™ is Folio's proprietary market score combining price momentum, days-on-market velocity, inventory absorption, and investment signals into a 0–100 number. Score of 71 = Neutral Watch in 35061 Birmingham, Alabama.