35118
Birmingham, Alabama

ZIP code 35118 presents a paradoxical market profile with a median sale price of $277,450 following an exceptional 70.7% year-over-year appreciation. Despite this dramatic price surge, no homes sold above list price in the current period, while properties average 62.5 days on market—substantially longer than competitive submarkets. This divergence between historical gains and current pricing power suggests momentum has decelerated sharply, with sellers recalibrating expectations after the explosive run-up.

Buyers gain negotiating leverage in this environment, as the 0% above-ask metric and extended DOM indicate weakened seller positioning. Cash-oriented investors evaluating entry points after the 70% surge should find receptive sellers, particularly those who purchased before the appreciation cycle. Current homeowners considering sales face unfavorable timing—the market absorbed prior gains but isn't rewarding premium pricing, making this disadvantageous for extracting maximum equity.

The PropIQ score of 55 signals caution, reflecting vulnerability after unsustainable appreciation rates. Markets rarely sustain 70% annual gains, and the current velocity metrics confirm normalization is underway. Monitor whether DOM extends beyond 75 days or price cuts emerge among active listings—both would confirm a transition toward buyer advantage. The 55 rating suggests price stabilization or modest contraction rather than continued appreciation through 2026.