35116
Birmingham, Alabama

ZIP code 35116 shows measured appreciation with the median sale price reaching $324,995, reflecting a 10.0% year-over-year increase that outpaces national inflation trends. Market velocity remains moderate at 134 days on market, indicating neither urgency nor stagnation. Only 15% of homes sold above list price, suggesting sellers hold limited pricing power despite the double-digit annual gains. This combination points to steady demand without the bidding war dynamics seen in tighter markets.

The current conditions favor patient buyers who can navigate longer negotiation windows and leverage the 85% of transactions closing at or below asking price. Sellers with properly priced homes still capture meaningful equity gains from the 10.0% annual appreciation, though the 134-day marketing period requires financial flexibility. Buy-and-hold investors may find value in the appreciation trajectory, but those requiring quick liquidity should account for the extended timelines reflected in the DOM data.

The PropIQ score of 70 signals neither bullish momentum nor deterioration risk, suggesting the market may consolidate near current levels. With price growth at 10.0% against moderate absorption rates, watch forDOM trends in the next quarter—any compression below 120 days could indicate strengthening demand, while extension beyond 150 days may signal softening. The neutral score warrants monitoring local employment and mortgage rate sensitivity before committing to timing assumptions.