35062
Birmingham, Alabama

The 35062 ZIP code shows a median sale price of $241,500, down 1.0% year-over-year, marking a soft correction in this Birmingham market. Homes are moving at a moderate pace with an average 37 days on market, while 20% of sales close above list price, indicating selective competition for well-positioned properties. This distribution suggests a two-tiered market where premium inventory commands attention while other listings face longer selling timelines.

This environment favors patient buyers with financing in place, as the negative year-over-year movement creates entry points not available twelve months ago. The 37-day absorption rate gives purchasers sufficient time for due diligence without extreme urgency. Sellers of turnkey properties in desirable pockets still capture the 20% above-ask segment, but those with fixer inventory or poor positioning face pricing pressure and should adjust expectations accordingly.

The PropIQ score of 70 signals neutral territory, suggesting sideways movement rather than sharp directional change in coming months. The modest price decline paired with sub-40-day market times indicates equilibrium forming after prior volatility. Monitor the above-list percentage closely—if it drops below 15%, expect further price softening; if it climbs above 25%, the correction phase concludes and appreciation resumes.