Selma, AL

Buyer's market+456.4% YoY

Housing market overview · Updated weekly

$102,000median sale price

Homes sold

7

Last 12 weeks

Days on market

84

Average pace

Active listings

65

9.3 months supply

Sale-to-list

93.9%

Below asking

The Selma housing market is currently classified as a buyer's market with a median sale price of $102,000. Prices have risen 456.4% compared to last year, with homes spending an average of 84 days on market, indicating 9.3 months of inventory.This inventory level gives buyers significantly more negotiating power, allowing time to inspect properties thoroughly and potentially negotiate better terms.

Market trends

Homes for sale in Selma

There are currently 65 homes listed for sale in Selma, Alabama. The median listing price is $60K.

Active listings

65

Homes on market

Median list price

$60K

Avg. days on market

84

Days until sale

New this week

13

Newly listed

Price drops:18.5%of listings
Sale-to-list:93.9%

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Frequently asked questions

What is the average home price in Selma?

The median home sale price in Selma is $102,000, up 456.4% from last year.

How long do homes stay on market in Selma?

Homes typically spend 84 days on market before going under contract.

Is Selma a buyer's or seller's market?

With 9.3 months of supply, Selma is currently a buyer's market.

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