Take a look at how Birmingham’s housing market fared in August
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The real estate market in Birmingham saw a slight dip in several categories in August, compared to July. Namely, median sales prices were down, the number of home sold was down and the number of new listings decreased.
However, that’s not necessarily true for Birmingham’s suburbs. Here’s a look at the Birmingham metro’s real estate market for August:
Home sales take a dip in Birmingham in August
Home sales and median sales price in Birmingham each saw double-digit decreases in August compared to July, while homes stayed on the market around the same number of days last month.
Here’s a look at real estate trends in Birmingham and some of the other cities in the Birmingham metro, via the Birmingham Association of Realtors:
| City | Median Home Price August (% change from July) | New Listings in August (% change from July) | Homes Sold in August (% change from July) | Average Days on the Market (% change from July) |
| Birmingham | $251,000 (-20.3%) | 399 (-9.1%) | 236 (-13.9%) | 104 (+0.97%) |
| Alabaster | $339,900 (+13.3%) | 41 (-14.6%) | 33 (-21.4%) | 91 (+7.1%) |
| Bessemer | $210,500 (-19.5%) | 64 (+18.5%) | 43 (+19.4%) | 110 (-0.9%) |
| Homewood | $613,000 (+12.1%) | 36 (-14.3%) | 28 (-20%) | 100 (+6.32%) |
| Hoover | $479,900 (-4.0%) | 164 (-17.6%) | 132 (-22.8%) | 83 (+9.2%) |
| Irondale | $294,900 (-6.4%) | 20 (-4.8%) | 14 (-48.1%) | 145 (+6.62%) |
| Mountain Brook | $832,500 (-0.5%) | 30 (0.0%) | 32 (0.0%) | 77 (+20.3%) |
| Pelham | $353,295 (-10.8%) | 65 (+6.6%) | 44 (-18.5%) | 99 (-4.8%) |
| Trussville | $415,000 (+7.8%) | 50 (-35.1%) | 41 (-8.9%) | 128 (+11.3%) |
| Vestavia Hills | $505,000 (-11%) | 41 (-35.9%) | 53 (-25.4%) | 114 (+16.3%) |
Source: Birmingham Association of Realtors
A look at statewide real estate stats
According to the Alabama Economic and Real Estate Report, median sales prices, number of homes sold and volume of sales decreased in July, while the number of listings increased (numbers for August have not been released).
Here are some highlights from the July report:
- Alabama had 6,146 home sales in July,a decrease of 8.6% from the previous month and 140 fewer than last July.
- The median sales price was $228,759, down 2.0% from June and $4,457 lower than a year ago. This is an annual decrease of 1.9%.
- The sold volume was $1.75 billion in July, a 5.9% decrease from June but an increase of $0.20 billion from last July. This marks a 12.9% annual increase.
- The 20,698 active listings at the end of July mark an increase of 19.2% compared to 17,368 one year ago.
- The 549 foreclosures in July, unchanged from June but up 22.8% year-over-year increase.
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