35064
Birmingham, Alabama

The 35064 ZIP code is experiencing significant price compression, with the median sale price dropping to $77,925, representing a 24.7% year-over-year decline. Properties are averaging 119.5 days on market, indicating weak buyer demand and extended selling timelines. Only 7% of homes are closing above list price, confirming a market where sellers hold minimal negotiating leverage and price discovery has shifted substantially downward from prior peaks.

Value investors with cash positions benefit most from current conditions, as the double-digit price decline creates entry points below recent comps. The 119.5-day marketing period favors patient buyers who can conduct thorough due diligence and negotiate aggressively, particularly on properties sitting beyond the average timeframe. Sellers face challenging conditions and should expect extended timelines and below-asking offers, making this environment unfavorable for those requiring quick liquidity or seeking to preserve 2024-2025 valuations.

The PropIQ score of 51 signals continued market instability with no clear directional momentum emerging. The combination of negative price trajectory and elevated days-on-market suggests absorption issues that typically require multiple quarters to resolve. Monitoring month-over-month inventory levels and any stabilization in the days-on-market metric will indicate whether the 24.7% correction is finding a floor or if further price discovery remains ahead.