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Compass Real Estate · ZIP 35124
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35124 ZIP Code Housing Market
$373,628median sale price
What is the 35124 housing market like right now?
The median home sale price in ZIP code 35124 is $373,628, up 0.4% year-over-year. Homes sell in an average of 58 days with 147 active listings. The market is currently a leaning buyer's. (Source: Redfin monthly MLS data, as of March 2026 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)
Is the 35124 ZIP code a buyer's or seller's market?
ZIP code 35124 is currently a leaning buyer's and homes selling in about 58 days. How we determine this →
What are the latest 35124 housing market stats?
| Metric | Value |
|---|---|
| Median sale price | $373,628 |
| Median list price | $359,942 |
| Year-over-year price change | +0.4% |
| Average days on market | 58 days |
| Active inventory | 147 listings |
| Sale-to-list price ratio | 99.8% |
| Market condition | Leaning buyer's |
Source: Redfin · Updated monthly
The 35124 zip code, located in Pelham, AL, is currently classified as a leaning buyer's. The median sale price stands at $373,628, representing a +0.4% change year over year. Homes in this area spend an average of 58 days on the market before going under contract. There are currently 147 active listings in the area, which influences how much negotiating power buyers and sellers have.
ZIP 35124 sits in the Pelham, AL area, roughly 0 miles from downtown Pelham. Because home prices are set street by street, this ZIP can move differently from Pelham's citywide averages. The figures below reflect 35124 specifically — drawn from Redfin transactions, U.S. Census data for its 25,238 residents, and Zillow value estimates.
Homes sold
140
Last 12 weeks
Days on market
58
Average pace
Active listings
147
Sale-to-list
99.8%
Below asking
What is driving the 35124 housing market?
The 35124 real estate market is shaped by a combination of local demand, housing supply, and broader economic trends. As a leaning buyer's, homes are selling at approximately 99.8% of their listed price.
Year-over-year price trends are one of the most important indicators for both homebuyers and investors. Prices in 35124 have increased +0.4% compared to last year, suggesting continued demand and potential for further appreciation. For context, it's valuable to compare this trend against neighboring zip codes and the broader metro area to determine whether this performance is localized or part of a regional pattern.
The Zillow Home Value Index (ZHVI) for 35124 stands at $352,559, which represents Zillow's estimate of the typical home value in the area. The Zillow Observed Rent Index (ZORI) indicates typical rents of $1,750 per month. This gives a price-to-rent ratio of approximately 16.8, which sits in a moderate range where the buy-versus-rent decision depends heavily on individual financial circumstances and time horizon. Use our mortgage calculator to estimate monthly payments based on current home values and interest rates.
Who lives in 35124?
Population
25,238
Median income
$99,726/yr
Median age
40.7 years
Owner-occupied
83.8%
College grads
49.2%
Avg commute
30.57 min
What is it like living in 35124?
Zip code 35124 is home to approximately 25,238 residents. The median household income is $99,726 per year, which shapes the types of homes and amenities available in the area. With a median age of 40.7 years, the community's age profile influences everything from school enrollment to local business types and recreational offerings. Approximately 83.8% of housing units are owner-occupied, indicating a stable, ownership-oriented community where residents have a vested interest in maintaining property values and neighborhood quality.
About 49.2% of residents hold a bachelor's degree or higher, which often correlates with access to knowledge-economy jobs and higher earning potential in the area. The average commute time is 30.57 minutes, which is close to the national average. These demographic factors, combined with the market data above, help paint a complete picture of what it's like to live and own property in 35124.
Which public schools serve ZIP 35124?
5 schools tracked · 3,519 students
The largest public schools serving ZIP code 35124 by enrollment, drawn from the National Center for Education Statistics. School quality is a commonly cited factor in home-buying decisions — these are the campuses families in this area are most likely to encounter.
Pelham High School
Grades 9-12 · 1,100 students
Pelham Park Middle School
Grades 6-8 · 833 students
Pelham Ridge
Grades PK-5 · 781 students
Pelham Oaks
Grades PK-5 · 734 students
Linda Nolen Learning Center
Grades PK-12 · 71 students
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
Frequently asked questions about 35124
What is the median home price in 35124?
The current median sale price in 35124 is $373,628, based on recent Redfin transaction data. Prices have changed +0.4% compared to last year. For the most up-to-date pricing and to see how this compares to nearby areas, use our comparison tool.
Is 35124 a buyer's or seller's market?
The 35124 zip code is currently classified as a leaning buyer's. This assessment is based on key indicators including months of supply, sale-to-list price ratios, and average days on market.
What is the population of zip code 35124?
Zip code 35124 has a population of approximately 25,238 residents. The median household income is $99,726 per year. About 83.8% of homes are owner-occupied. This data is sourced from the U.S. Census Bureau and is updated annually.
How do I research neighborhoods in 35124?
Properties Incorporated provides comprehensive data for 35124 including median home prices, price history charts, days on market, active inventory, and Census Bureau demographics. To compare this area with other zip codes or cities, use our comparison tool. For mortgage planning, our mortgage calculator estimates monthly payments based on current prices and interest rates.
How often is the data for 35124 updated?
Market data on Properties Incorporated is updated regularly as new information becomes available. Redfin sales data is typically refreshed monthly, Zillow home value and rent estimates update monthly, and Census Bureau demographics are updated annually.
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