Birmingham Alabama Housing Market Overview
The Birmingham housing market presents unique opportunities for homeowners looking to sell in 2025. With a median sale price of $170,000, the market remains notably affordable compared to national averages, making it attractive to both investors and traditional buyers.
While prices have seen a slight dip of 2.9% from 2024, the cost per square foot has increased by 2%, indicating stable underlying value in the market.
Recent data show Birmingham’s real estate landscape is somewhat competitive, with 22.2% of homes selling above list price. Properties typically spend about 48 days on the market, and the sale-to-list price ratio stands at 95.6%. What’s particularly interesting for sellers is the rising trend in cash purchases, with over 30.7% of Birmingham homes being bought with cash in Q2 2024.
This trend, combined with the fact that Birmingham’s cost of living remains 8% below the national average, creates a favorable environment for homeowners considering a sale, especially those seeking a quick, hassle-free transaction in sought-after areas such as Hoover, Vestavia Hills, and Mountain Brook.