Birmingham Home Prices & Values

$380,700 Zillow Home Value Index What's This?  
Close

The Zillow Home Value Index is the median Zestimate valuation for a given geographic area on a given day. Learn more

  • 17.7% 1-year change
  • 3.6% 1-year forecast

Market Temperature: CoolWhat's This?
Close

Based on three metrics—sale-to-list price ratio, the prevalence of price cuts on home listings, and time-on-market—the market temperature provides information on the current balance of bargaining power between buyers and sellers in this city relative to other cities in the same metropolitan area. A particular city may be identified as a good market for buyers in a metro market favorable to sellers overall. Learn more

Buyers' Market Sellers' Market

The median home value in Birmingham is $380,700. Birmingham home values have gone up 17.7% over the past year and Zillow predicts they will rise 3.6% within the next year. The median list price per square foot in Birmingham is $248, which is higher than the Detroit Metro average of $87. The median price of homes currently listed in Birmingham is $598,000 while the median price of homes that sold is $402,985.

Mortgage delinquency is the first step in the foreclosure process. This is when a homeowner fails to make a mortgage payment. The percent of delinquent mortgages in Birmingham is 1.0%, which is lower than the national value of 8.0%. With U.S. home values having fallen by more than 20% nationally from their peak in 2007 until their trough in late 2011, many homeowners are now underwater on their mortgages, meaning they owe more than their home is worth. The percent of Birmingham homeowners underwater on their mortgage is 11.0%, which is lower than Detroit Metro at 27.9%.

more
Relative ZHVI
- +

Birmingham Market Overview

Data through Feb 28, 2014
  • $380,700 ZHVI
  • 3.6% 1-yr forecast What's This?  
    Close

    The Zillow Home Value Forecast is Zillow’s prediction of what the Zillow Home Value Index will be one year from now. Learn more

    (Feb 28, 2015)
  • $598,000 Median listing price
  • $402,985 Median sale price
Your browser doesn't seem to support SVG, this chart cannot be displayed.
View Data Table
Compare to:

We are currently unable to retrieve data matching your current criteria.

loading

Birmingham Market Health

Data through Feb 28, 2014
  • 8.7/10 Very healthy What's This?  
    Close

    The Market Health Index illustrates the current health of a region’s housing market relative to other markets across the country. The Market Health Index is based on up to 10 metrics including those capturing the past and projected evolution of home values, the prevalence of foreclosures, foreclosure re-sales, negative equity and delinquency, as well as whether homes are currently selling faster or slower than in the past.

  • No data Average of days on Zillow
  • No recent data Homes with negative equity (19.4% US Avg)
  • No recent data Delinquent on mortgage (8.0% US Avg)
Your browser doesn't seem to support SVG, this chart cannot be displayed.
View Data Table
Compare to:

We are currently unable to retrieve data matching your current criteria.

loading

Nearby Cities

Name Median ZHVI Name Median ZHVI Name Median ZHVI
Bloomfield Hills $383,600 Bingham Farms $367,700 Beverly Hills $326,600
Huntington Woods $296,000 Troy $239,600 Royal Oak $174,900
Berkley $151,100 Lathrup Village $148,200 Clawson $135,800

Listings & Sales

Data through Feb 28, 2014
  • $248 Median list price / sq ft
  • $224 Median sale price / sq ft
  • 35.2% Listings with price cut
33.6%
Sold below listing
Your browser doesn't seem to support SVG, this chart cannot be displayed.
View Data Table
Compare to:

We are currently unable to retrieve data matching your current criteria.

loading

Birmingham Rentals

Data through Feb 28, 2014
Zillow Rent Index What's This?
Close The Zillow Rent Index is the median Rent Zestimate valuation for a given geographic area on a given day. Learn more
$2,181 Birmingham
$1,051 Detroit Metro
$1,310 United States
  • No recent data Breakeven horizon
  • No data Rent list price
  • $1.44 Rent list price / sq ft
Your browser doesn't seem to support SVG, this chart cannot be displayed.
View Data Table
Compare to:

We are currently unable to retrieve data matching your current criteria.

loading