The Hot Housing Trends in Birmingham’s Real Estate Market
Hey there, Birmingham! If you’ve been keeping an eye on the local real estate scene, you might be wondering which neighborhoods are buzzing with activity and attracting homebuyers like never before. Well, settle in, because we’ve got the scoop on the hottest housing markets in our beloved city and its surroundings!
The Crown Jewel: Mountain Brook/Crestline Heights (ZIP 35213)
At the top of the list is none other than Mountain Brook/Crestline Heights, with the ZIP code 35213. This area is sizzling with an average listing price of $843,221, and homes are flying off the market in an average of just 63 days! Can you believe it? In the third quarter of 2024, there were a total of 73 new listings and 62 sales, boasting an impressive average sale price of $902,172.
This ZIP code includes lovely spots like Redmont Park and parts of Crestwood South, making it a delightful mix of elegant homes and vibrant communities. What’s more, the sales momentum here is truly making waves, showing that people are eager to settle into these charming neighborhoods.
Cropwell’s Lakeside Retreat (ZIP 35054)
Next up is Cropwell, found along the picturesque east shore of Logan Martin Lake at ZIP code 35054. This area is less pricey at an average list price of $577,731 and homes here also stay on the market for about 63 days. Out of 27 listings during this period, 18 sold with an average sale price of $498,661. It looks like lakeside living really appeals to the folks looking for a peaceful retreat!
Hoover’s Thriving Hub (ZIP 35244)
Coming in third is the bustling community of 35244, which mostly sits in Hoover. This area showcases a mix of modern homes and family-friendly neighborhoods. With 234 listings at an average listing price of $513,337, homes are selling after staying on the market for around 118 days. A total of 194 homes sold in this quarter for about $526,103—definitely a strong showing!
The Expanding Shelby County (ZIP 35242)
Don’t overlook 35242, which covers expansive areas in Shelby County. With the most new listings (a whopping 341) and sales (around 272), this ZIP code is a hotspot! Average listing prices are about $598,058, and properties take about 99 days to sell, with a typical sale price of $576,260!
The Bluff Park and Cahaba Heights Areas
Rounding out the top five is ZIP code 35226, which represents the Hoover-Bluff Park area, with an average of 58 days on the market, showing competitive conditions. Meanwhile, the Cahaba Heights, Mountain Brook, and Vestavia regions are heating up in the 35223 area, where the average listing price is $723,131 with sales reaching an average price of $850,292!
What’s the Bigger Picture?
Across the nation, home sales have seen a bit of a slow-down, but don’t let that fool you! Even with rising mortgage rates, local markets like ours are still bustling with activity. In fact, even as many potential buyers stand on the sidelines, Birmingham’s neighborhoods are proving there is still demand for housing in these charming communities.
So, if Birmingham’s neighborhood buzz is enough to pique your interest, whether you’re contemplating selling your home or potentially looking to buy, keep a close watch on these top-performing ZIP codes—who knows, your future dream home might just be waiting there for you!
