35117
Birmingham, Alabama
Birmingham 35117 needs watching.
The 35117 ZIP code in Birmingham, Alabama has a median sale price of $274K, down -5.7% year-over-year. Homes spend an average of 91 days on market, with 8% of homes selling above list price.
Folio's PropIQ™ score of 55 signals Caution conditions. Elevated price drops and longer days on market indicate softening in 35117.
The 35117 ZIP code is experiencing a price correction, with the median sale price settling at $274,400 after declining 5.7% year-over-year. Homes are spending an average of 91 days on market, considerably longer than the sub-30-day inventory turns seen in overheated markets. Only 8% of properties are commanding above-list offers, indicating limited buyer competition and a shift toward normalized negotiating conditions rather than the bidding wars that characterized previous years.
These conditions favor patient buyers with financing contingencies and inspection periods, as the extended 91-day marketing timeline creates leverage for negotiation on both price and terms. Sellers with equity cushions and flexible timelines can still transact at $274,400, but those requiring quick sales or who purchased within the last 18 months face potential pressure given the 5.7% decline. Investors focused on cash flow rather than appreciation may find acceptable entry points if rental demand remains stable at current price levels.
The PropIQ score of 55 signals caution, suggesting further downside risk or prolonged stagnation rather than imminent recovery. Monitoring monthly inventory levels and whether days-on-market extends beyond the current 91-day average will indicate if price discovery continues. The 8% above-list metric leaves little margin for optimism about near-term appreciation, making this a wait-and-watch market where rushing decisions carries more risk than delaying them.
What is the median home price in 35117 Birmingham?
The median sale price in 35117 is $274K, down -5.7% year-over-year as of 2026-02-28.
How long do homes stay on the market in Birmingham 35117?
Homes in 35117 Birmingham spend an average of 91 days on market before going under contract.
Is Birmingham 35117 a good place to invest in real estate?
Folio's PropIQ™ score for 35117 is 55/100 — a Caution signal. 8% of homes sold above asking.
What does a PropIQ™ score of 55 mean for 35117?
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 55 = Caution in 35117 Birmingham, Alabama.