Market Snapshot
Things to Do in Birmingham
Birmingham, Alabama, is a city that is alive with great hospitality and southern charm. This city played a central role in our country's civil rights movement, highlighted by the Birmingham Civil Rights Institute. Other wonderful attractions include the Birmingham Zoo, the McWane Science Center, the Birmingham Museum of Art, and the Birmingham Botanical Gardens. Birmingham is also home to many award-winning restaurants. If nature is your thing, take the family for a campout at Oak Mountain State Park, where you can hike and enjoy all the beauty that Alabama offers.
Birmingham Industries
Birmingham features a diversified and thriving economy with lower-than-average unemployment rates and a low cost of living rate. The city offers a range of job opportunities in various occupations for workers of all skill levels. Healthcare is the largest industry in Birmingham, with banking, insurance, and education also playing a major role in the city's economy.
Birmingham Housing Market Conditions
Birmingham's housing market is currently somewhat competitive, though Moody's Analytics has classified it as one of the most overvalued markets in the state. Median sale prices in the Birmingham housing market have been trending upward in recent years and, as of December 2022, had seen a 24.3% increase in year-over-year pricing. While house prices are expected to dip in 2023 across the country, Birmingham's housing market is expecting continued growth, although at a slower pace than in years past.
One of Birmingham's biggest strengths, which will help the housing market continue to grow, is its strong economy. Its strongest economic engines, including the education, telecommunications, finance, and healthcare industries, are generally more resilient to negative economic forces. However, although Birmingham boasts a low unemployment rate, the labor force participation rate is lower than in comparable markets due to a lack of college-educated workers. That could harm the market in the long term.
Even though home prices continue to trend upward, there are still many affordable new homes for sale in Birmingham.
New Home Lifestyles
When you buy a home in one of Birmingham's new home communities, you get more than a house. Your new house is in a neighborhood where you can live an active and engaged life. Your neighbors aren't just the people who live next door; they will be lifelong friends. After having fun with friends and family at the community pool or neighborhood sports complex, invite your loved ones over to your beautiful new home for a delicious meal.
To help homeowners make the most of their new community, Birmingham homebuilders and developers often include fantastic amenities in the neighborhood plan, including:
- Private Neighborhood Pools
- Community Parks and Playgrounds
- Gated Enclaves
- Sports Facilities
- Golf Courses
Top Birmingham School Districts
Knowing your children deserve the best education, you can rest assured that there are excellent school districts. Committed educators and safe learning environments are the common denominators for Birmingham area schools. Selecting from Birmingham City Schools, Jefferson County Schools, Vestavia Hills City Schools, and Mountain Brook City Schools will leave you feeling good about your student’s success.
Use NewHomeSource to explore the entire real estate market in Birmingham. Your new dream home is just a click away.
Market Overview: New Homes in Birmingham, AL
Here is a quick overview of new housing developments in the Birmingham area and the new construction market for new build homes in Birmingham:
| Market Name | Birmingham |
| State Name | Alabama |
| Subdivisions | 49 |
| Homes Under Construction | 124 |
| Quick Move-in Homes | 135 |
| Floor Plans | 314 |
| Starting Price | $214,900 |
| Average Price | $297,861 |
| Price Per SqFt | $154 |
| New Home Builders | 12 |
| Leading Builders |
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