Aug 2026
$192K
+10.2% year-over-year
How it’s calculated
Rolling 3-month median sale price vs. same 3 months one year prior.
Birmingham, AL housing market
Birmingham, AL median sale price $192K in Aug 2026, up 10.2% year over year. Also days on market, price cuts, affordability and ZIP-code figures.
The median sale price in Birmingham, AL is $192K as of Aug 2026, up 10.2% from a year earlier. That is the 11th-largest year-over-year gain of the 195 U.S. metros Pecan Street ranks on this measure. FHFA's repeat-sales index for the metro shows a smaller change, up 3.4% through Q2 2026, 6.8 points apart; Price reconciliation below shows both.
Birmingham has the lowest median sale price of the three Alabama metros Pecan Street tracks ($192K); Mobile ($231K) is next. Birmingham has the fewest median days on market of the three Alabama metros (61 days); Mobile (66 days) is next. Birmingham has the lowest share of listings with a price cut of the three Alabama metros (33%); Mobile (35%) is next.
Listings spent a median 61 days on market in Sep 2026, more than in most of the 195 metros. 33% of active listings carry a price cut, 0.7 points fewer than a year earlier. That share is lower than in most of the 195 metros. Building permits authorized 284 new housing units in Aug 2026.
At the 7.45% 30-year fixed rate with 20% down, principal and interest on a median-priced home come to $1,069 a month; at 28% of gross income, that takes about $46K a year. The median sale price equals about 9 years of HUD Fair Market Rent, a ratio up 1.0% from a year earlier. That ratio is the 12th-lowest of the 195 metros. Active listings ask a median $157 per square foot, down 1.0% from a year earlier.
In eight of the 12 ZIP codes in the table below, median list prices are lower than a year earlier; four are higher.
Headline
Oct 6, 2026
7.45%
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
$1,069/mo
$46K/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
| Price-to-rent | ↓184th of 195 |
|---|---|
| Home-price growth | ↑11th of 195 (top 6%) |
| Price cuts | ↓140th of 195 |
| Days on market | ↑73rd of 195 (top 38%) |
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 | ≈ 9 +1.0% YoY ↓184th of 195 |
|---|---|
| Asking price / sq ft | $157 -1.0% 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 Sep 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 | ≈ 33% -0.7 pts YoY ↓140th of 195 |
|---|---|
| New housing units permitted | 284 |
Price-cut share is the portion of active for-sale listings that have taken a price reduction (Realtor.com), as of Sep 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 Aug 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 | Redfin vs FHFA HPI |
| 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 · 6.8ppRedfin (city) +10.2% | 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 | $314K↓ | 131↑ | 40↑ | 46↑ | 68↑ | $281K↑ |
| 35023 | $180K↑ | 133↑ | 32↓ | 44↑ | 74↑ | $172K↑ |
| 35043 | $393K↓ | 105↑ | 30↑ | 46↑ | 46↓ | $382K↑ |
| 35055 | $299K↑ | 141↑ | 36↑ | 42↑ | 69↓ | $255K↑ |
| 35124 | $374K↓ | 123↓ | 44↓ | 42↑ | 51↓ | $351K↑ |
| 35173 | $443K↓ | 156↑ | 52↓ | 72↓ | 57↓ | $387K↑ |
| 35206 | $119K↓ | 117↑ | 34↑ | 46↓ | 67↑ | $104K↓ |
| 35211 | $101K↓ | 109↑ | 34↑ | 26↓ | 67↓ | $77K↓ |
| 35215 | $146K↓ | 215↑ | 52↑ | 80↑ | 78↑ | $156K↑ |
| 35226 | $500K↓ | 118↑ | 46↓ | 50↓ | 47↓ | $441K↑ |
| 35242 | $593K↑ | 203↓ | 66↑ | 64↑ | 53↓ | $568K↑ |
| 35244 | $570K↑ | 199↑ | 84↓ | 54↑ | 58↑ | $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.