$5,759 Closing Credit*
$485,000
1,207 SqFt
3 Beds
•1 Full Bath
Jessica Gilmore, Listing Office: ERA King - Birmingham
Is Birmingham, AL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Last month, Birmingham was a Neutral Market.
Key Takeaway
Birmingham is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Birmingham, AL
How much do homes in Birmingham, AL cost?
Median Sold Price
$263,633
$163/sqft
Based on all homes sold in November 2024.
Difference Since Last Month
-$10,366(-3.8%)
Key Takeaway
Homes in Birmingham have sold for 3.8% less than they did a month ago.
Summary: The median home sold price in Birmingham was $263,633 in November 2024, down 3.8% from last month, and the median price per square foot was $163.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $250K | $169.9K | -32.0% |
| 2 Bedrooms | $269K | $142K | -47.2% |
| 3 Bedrooms | $200K | $229.5K | +14.8% |
| 4 Bedrooms | $481.2K | $409K | -15.0% |
| 5+ Bedrooms | $709K | $920K | +29.8% |
Summary: Birmingham housing prices by bedroom type for November 2024 compared to the previous month: The home price of 1 bedroom homes decreased by 32%, 2 bedroom homes decreased by 47.2%, 3 bedroom homes increased by 14.8%, 4 bedroom homes decreased by 15%, and 5+ bedroom homes increased by 29.8%.
Median Sold Price Compared To Nearby Cities
| Mountain Brook | $827.5K | $870K | +5.1% |
| Irondale | $255K | $262.5K | +2.9% |
| Birmingham | $274K | $263.6K | -3.8% |
| Tarrant | $97K | $92.5K | -4.6% |
| Fultondale | $252.9K | $149K | -41.1% |
Housing Supply in Birmingham, AL
How many homes are available in Birmingham, AL?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 1,214 | 1,365 | +12.4% |
Summary: The Birmingham real estate market had 1,365 homes for sale in November 2024, a 12.4% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 42 | 48 | +14.3% |
| 2 Bedrooms | 176 | 200 | +13.6% |
| 3 Bedrooms | 669 | 744 | +11.2% |
| 4 Bedrooms | 234 | 270 | +15.4% |
| 5+ Bedrooms | 93 | 103 | +10.8% |
Summary: The Birmingham housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 14.3%, 2 bedroom homes increased by 13.6%, 3 bedroom homes increased by 11.2%, 4 bedroom homes increased by 15.4%, and 5+ bedroom homes increased by 10.8%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 191 | 257 | +34.6% |
Asking Price vs. Sold Price
137 Homes Were Sold
Under Asking
69 Homes Were Sold
At Asking
51 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Birmingham, you may be able to get a good deal. 53.3% of homes here sold below asking price last month.
Summary: A total of 257 homes were sold or pending in Birmingham in November 2024, up by 34.6% month-over-month. Of the 257 sold homes, 53% were sold under asking, 27% were sold at asking, and 20% were sold over asking.
Days on Market for Birmingham, AL
How long does it take to sell a home in Birmingham, AL?
Average Sale Time
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 33 Days | 43 Days | +28.5% |
Summary: Homes in Birmingham had an average of 43 days on market in Nov 2024, up by 28.5% compared to last month.
Breakdown of Home Sale Times
154 Homes Were Sold
Under 30 Days
61 Homes Were Sold
In 30 - 90 Days
42 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Birmingham are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 257 homes were sold in Birmingham; 60% of homes were sold within 30 days, 24% of homes were sold within 30 to 90 days, and 16% of homes were sold over 90 days.
Listing Information Copyright 2024 Multiple Listing Service, Inc. of Montgomery Area Association of REALTORS®, Inc. All rights reserved. Information herein is believed to be accurate and timely, but no warranty as such is expressed or implied. The information being provided is for consumers personal, non-commercial use and will not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data relating to real estate for sale on this web site comes in part from the IDX Program of the Multiple Listing Service, Inc. of Montgomery Area Association of REALTORS® Inc. Real estate listings held by brokerage firms other than this broker are governed by MLS Rules and Regulations and detailed information about them includes the name of the listing companies. 