A computationally efficient method for phase aberration correction in ultrasound imaging is presented. The method is based on time delay estimation via minimization of the sum of absolute differences between radio frequency samples of adjacent array elements. Effects of averaging estimated aberration patterns over scan angles, and truncation to a single bit wordlength are examined. Phase distortions due to near-field inhomogeneities are simulated using silicone rubber aberrators. Performance of the method is tested using experimental data. Simulation studies addressing different factors affecting efficiency of the method, such as the number of iterations, window length, and the number of scan angles used for averaging, are presented. Images of a standard resolution phantom are reconstructed and used for qualitative testing.