35244
Birmingham, Alabama

The 35244 ZIP code recorded a median sale price of $416,400 as of February 2026, reflecting a 5.9% year-over-year decline that signals a measurable cooling from previous valuations. Homes are averaging 65 days on market, indicating moderate absorption rates in this price tier. With only 23% of properties selling above list price, the market has shifted away from the competitive bidding environment that characterized the previous cycle, giving buyers increased negotiating leverage.

This environment favors cash buyers and value-focused investors who can capitalize on the 5.9% price correction without competing against multiple offers on most properties. Sellers with equity cushions and flexible timelines can still execute, but those who purchased in the past 18 months face compressed margins. The 65-day marketing period rewards patient buyers willing to conduct thorough due diligence rather than those seeking immediate acquisition in a constrained inventory scenario.

The PropIQ score of 60 suggests underlying market tensions that warrant cautious positioning through mid-2026. The combination of declining prices and subdued selling velocity indicates further price discovery may be necessary before stabilization occurs. Monitoring monthly sales volumes and any acceleration beyond the current 65-day average will signal whether this correction deepens or finds support at current valuation levels.