Altos Market Data for Realtors

Birmingham, AL

Single-Family Homes

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Birmingham, AL

Thu Mar 28 2024
This week the median list price for Birmingham, AL is $224,000 with the market action index hovering around 40. This is about the same as last month's market action index of 40. Inventory has increased to 1,066. Click here to stay informed with the Birmingham market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Slight Seller's Advantage

Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.

Birmingham, AL

Thu Mar 28 2024
This week the median list price for Birmingham, AL is $224,000 with the market action index hovering around 40. This is about the same as last month's market action index of 40. Inventory has increased to 1,066. Click here to stay informed with the Birmingham market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Slight Seller's Advantage

Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.

Real-Time Market Profile

Never miss important changes in the Birmingham market.
Median List Price $224,000
Median Price of New Listings $312,900
Per Square Foot $131
Average Days on Market 101
Median Days on Market 53
Price Decreased 35%
Price Increased 3%
Relisted 7%
Inventory 1,066
Median Rent
Market Action 40
Slight Seller's Advantage

The market seems to have paused around this plateau. The Market Action Index is a good leading indicator for the durability of this trend.

Market Segments

Each segment below represents approximately 25% of the market ordered by price.

Median Price Sq. Ft. Lot Size Beds Bath Age New Absorbed DOM
$774,625 3,500 0.5 - 1 acre 4 3.5 19 44 38 49
$369,840 2,031 0.25 - 0.5 acre 3 2 49 56 43 45
$160,000 1,500 0.25 - 0.5 acre 3 2 68 31 33 56
$80,000 1,200 6,500 - 8,000 sqft 3 1 77 41 49 56