Homes for Sale Under 500K in Birmingham, AL

2,837 Homes

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Birmingham, AL Housing Market Overview

Birmingham's housing market is evenly balanced between buyers and sellers. This creates fair negotiating conditions for both parties. With a 4.05-month supply of homes and properties spending 50 days on the market on average, both buyers and sellers have equal opportunity to achieve favorable outcomes.

Status

Balanced Market

Days on Market

50

Inventory

2,837

Jul 2021Apr 2024Jul 2026

Median Home Price

$293,450Up 13.30%

In Jul 2026 · YoY

Jul 2021Apr 2024Jul 2026

Mortgage Rates 30-Yr Fixed

6.23%Down 0.58%

Current rate · YoY

Loan Type

30-Year Fixed

Supply

Homes For Sale
2,837 Up 81.43%
Newly Listed Homes
376 Up 24.09%
Months of Supply
4.1 Up 93.41%

Demand

Homes Sold
545 Down 6.20%
Sale-to-List Ratio
98.8% Up 0.18%
Homes Sold Above List
30.2% Up 14.17%

30-yr fixed rate 6.23% · Data as of Jul 2026 · Source: Houzeo Research.

View Full Birmingham Market Report
No. of Homes
Houses for Sale in South East Lake, Birmingham
85
Houses for Sale in Five Points South, Birmingham
66
Houses for Sale in Belview Heights, Birmingham
53
Houses for Sale in Highland Park, Birmingham
52
Houses for Sale in Ensley Highlands, Birmingham
52
Houses for Sale in Oxmoor, Birmingham
48
Houses for Sale in Spring Lake, Birmingham
47
Houses for Sale in Norwood, Birmingham
46
Houses for Sale in Roebuck, Birmingham
44
Houses for Sale in Central City, Birmingham
42
Houses for Sale in Echo Highlands, Birmingham
38
Houses for Sale in Central Park, Birmingham
37
Houses for Sale in Ensley, Birmingham
36
Houses for Sale in Bush Hills, Birmingham
36
Houses for Sale in Glen Iris, Birmingham
35
Houses for Sale in Inglenook, Birmingham
32
Houses for Sale in Forest Park, Birmingham
31
Houses for Sale in Oakwood Place, Birmingham
31
Houses for Sale in East Lake, Birmingham
31
Houses for Sale in Wylam, Birmingham
30
  • mls-img
    Based on information from the Greater Alabama MLS through Aug 30, 2026, 11:45 AM. Information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the MLS.This website may not include listings or property addresses of sellers who have directed their listing brokers to withhold their listing or their property address from display on the Internet. © 2024 Greater Alabama MLS, Inc. All rights reserved.

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Birmingham, AL Housing Marketlink qauare
Homes Available icon

2,837

Homes Available

Median List Price icon

$ 293,450

Median List Price

Avg on Market icon

50 Days

Avg on Market

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