35068
Birmingham, Alabama

The 35068 ZIP code reports a median sale price of $239,950 as of February 2026, reflecting a 5.9% year-over-year decline that signals clear downward pressure on valuations. Homes are moving in 53.5 days on average, a timeline that indicates moderate inventory absorption rather than urgent demand. The fact that 31% of sales still close above list price suggests pockets of competition persist, though this figure represents less than one-third of transactions and points to selective rather than broad-based buyer urgency in this Birmingham submarket.

This environment favors cash buyers and patient negotiators who can exploit the negative price trajectory and avoid bidding wars on 69% of available properties. Sellers face disadvantaged conditions with declining values and need to price aggressively from listing to compete in the slower cycle. Investors seeking rental yield rather than appreciation may find entry points here, but the 5.9% depreciation rate demands careful underwriting of cash flow assumptions since near-term equity gains appear unlikely based on current momentum.

The PropIQ score of 65 registers a "Caution" signal that aligns with deteriorating fundamentals and suggests further softening before stabilization occurs. The combination of negative price growth and sub-majority above-list closings indicates demand has not found a floor in this ZIP code. Buyers should monitor whether days-on-market extends beyond 60 days in coming months, which would confirm accelerating weakness and potentially steeper discounts ahead.