35243
Birmingham, Alabama

The 35243 ZIP code recorded a median sale price of $507,500 as of February 2026, representing a 5.1% year-over-year increase that tracks below Birmingham's historical growth peaks. Homes are spending an average of 65 days on market, indicating moderate absorption rates neither fast nor sluggish. Nearly one-quarter of properties sold above list price, suggesting selective competition for premium inventory while the broader market maintains equilibrium pricing dynamics.

This environment favors patient buyers with financing secured who can capitalize on the 65-day marketing window to negotiate without facing bidding wars on 76% of listings. Primary residence purchasers at the half-million price point will find less pressure than the 24% premium segment while still building equity through the 5.1% annual appreciation. Sellers with properly priced homes can expect reasonable timelines, though the three-quarter majority selling at or below list must account for negotiation margin in their pricing strategy.

The PropIQ score of 70 signals neutral conditions with surveillance warranted as the market lacks strong directional momentum either way. The 5.1% appreciation rate must maintain above inflation to justify continued investment, while days-on-market trends deserve monitoring for any extension beyond 70 days that would indicate softening demand. The 24% above-ask ratio serves as the key leading indicator—any decline below 20% would suggest shifting leverage toward buyers and potential price pressure ahead.