Aug 2026
$196K
+12.6% year-over-year
How it’s calculated
Rolling 3-month median sale price vs. same 3 months one year prior.
Birmingham, AL
Daily-refreshed real estate signals + Three-Opinion home-price methodology for Birmingham, AL. Built for agents; free to read.
Birmingham, AL’s median sale price is $196K as of Aug 2026 — +12.6% year over year. Pecan Street tracks Birmingham with its Three-Opinion home-price methodology (Redfin, FHFA HPI, and Zillow ZHVI), and is flagging 1 market signal here right now.
Headline
Sep 18, 2026
7.04%
30-year fixed
Where it comes from
National benchmark: Optimal Blue OBMMI 30-year conforming, via FRED. An average of rates borrowers have actually locked, updated daily.
The same rate appears on every market page.
Principal & interest
$1,049/mo
$45K/yr income needed
How it’s calculated
Payment — this market’s median sale price with 20% down, on a 30-year fixed loan at the rate shown. Principal and interest only — no property tax, insurance, PMI or HOA.
Income needed — that payment at 28% of gross income. A rule of thumb, not a lending decision.
How Birmingham compares to other U.S. metros
| Home-price growth | ↑7th of 195 (top 4%) |
|---|---|
| Price-to-rent | ↓177th of 195 |
| Days on market | ↑72nd of 194 (top 38%) |
| Price cuts | ↓115th of 194 |
Rank across the U.S. metros Pecan Street tracks, on market data alone — a higher rank means more of that measure (more price cuts, faster price growth, a wider asking-vs-sale gap, a higher price-to-rent ratio, or more days on market). The bar shows where this metro sits within that metric’s own cohort (left is more, right is less); ↑ and ↓ mark the positions furthest from the middle, and rows are ordered the same way. Metrics without data for this metro are omitted.
Affordability
| Price-to-rent ratio | ≈ 10 +12.6% YoY ↓177th of 195 |
|---|---|
| Asking price / sq ft | $159 -1.2% YoY |
Price-to-rent divides the median sale price by the annual HUD Fair Market Rent (a 3-bedroom, 40th-percentile benchmark), so it is a directional rent-vs-buy read, not a cap rate; its year-over-year change is directional in the same way. Asking price per square foot is the median across active for-sale listings (Realtor.com), as of Aug 2026. The bar under a figure places this metro among the U.S. metros we track on that measure, highest first.
Market pressure
| Listings with a price cut | ≈ 35% -0.2 pts YoY ↓115th of 194 |
|---|---|
| New housing units permitted | 358 |
Price-cut share is the portion of active for-sale listings that have taken a price reduction (Realtor.com), as of Aug 2026. New housing units authorized by residential building permits in the metro that month — new supply in the pipeline, which counts of existing listings don't capture (US Census Bureau, Building Permits Survey), as of Jul 2026. The bar under a figure places this metro among the U.S. metros we track on that measure, highest first.
Market facts
| ZIPs with listing data | 12 shown of 117 |
|---|---|
| MLS board of record | Greater Alabama MLS |
| Price methodology | Three-Opinion · Redfin · FHFA HPI · Zillow ZHVI |
| Data as of | Aug 2026 |
Recent signals
Strength 4 / 5
6.2 mo
Birmingham supply now 6.2 months — buyer's market
Six-plus months of supply in Birmingham — this is a buyer's market by the textbook definition.
Price reconciliation
red · 9.2ppRedfin (city) +12.6% | FHFA HPI · Q2 2026 +3.4% |
Year-over-year home-price change from two independent methods — Redfin (monthly sold price) and FHFA (quarterly repeat-sales index). When they diverge, the market is mid-shift; cite the figure with that in mind.
Market dispatches
Citable market dispatches for Birmingham → Latest dispatch: Sep 21, 2026.
More markets in AL
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Try it freeZIP-level data
| ZIP | Median list price | Active listings | New listings | Price reductions | Days on market | Home value |
|---|---|---|---|---|---|---|
| 35022 | $320K↓ | 126↑ | 48↓ | 44↑ | 72↑ | $281K↑ |
| 35023 | $180K↓ | 132↑ | 40 | 48↑ | 66↑ | $172K↑ |
| 35040 | $275K↓ | 106↓ | 28↑ | 44↓ | 64↓ | $258K↑ |
| 35043 | $399K↑ | 106↑ | 44↑ | 60↑ | 50↓ | $382K↑ |
| 35055 | $299K↑ | 146↑ | 40↑ | 48↑ | 65↓ | $255K↑ |
| 35124 | $400K↓ | 120↓ | 44↓ | 40↑ | 40↓ | $351K↑ |
| 35173 | $447K↓ | 158↑ | 44↓ | 60↓ | 50↑ | $387K↑ |
| 35206 | $110K↓ | 104↑ | 36↑ | 32↓ | 69↑ | $104K↓ |
| 35215 | $149K↓ | 212↑ | 60↑ | 96↑ | 61↑ | $156K↑ |
| 35226 | $500K | 117↑ | 52↑ | 44↓ | 37↓ | $441K↑ |
| 35242 | $600K↑ | 198↓ | 104↑ | 84↑ | 53↓ | $568K↑ |
| 35244 | $575K↑ | 199↑ | 76↓ | 52↑ | 52↑ | $479K↑ |
ZIP figures from Realtor.com listing data; home value from Zillow ZHVI. ZIP codes shown have the most complete listing-data history and active for-sale inventory in this metro; the latest available month is shown per ZIP. Arrows show the direction of each figure against the same three months a year earlier; no arrow means the change rounds to zero or the comparison isn't available.