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Featured local agent — Selma, IN
Sarah Mitchell
Compass Real Estate · Selma, IN
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Selma, IN Housing Market & Real Estate
Housing market overview · Updated monthly ·
$143,000median sale price
How is the Selma, IN housing market right now?
The median home sale price in Selma, IN is $143,000. Homes sell in an average of 52 days. The market is currently a buyer's market. (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 Selma a buyer's or seller's market?
Selma, IN is currently a buyer's market and homes selling in about 52 days. How we determine this →
Homes sold
1
Last 12 weeks
Days on market
52
Average pace
Active listings
—
Sale-to-list
92.3%
Below asking
What does the Selma housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $143,000 |
| Average days on market | 52 days |
| Sale-to-list price ratio | 92.3% |
| Median price per sq ft | $147/sq ft |
| Homes sold (latest month) | 1 |
| Market condition | Buyer's market |
Source: Redfin · Updated monthly
How much do homes cost in Selma by property type?
How the Selma, IN market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $143,000 | $147/sq ft | 1 | 52 days |
Source: Redfin · Updated monthly
The Selma housing market is currently classified as a buyer's market with a median sale price of $143,000. Prices have fallen 0.0% compared to last year, with homes spending an average of 52 days on market.This inventory level gives buyers significantly more negotiating power, allowing time to inspect properties thoroughly and potentially negotiate better terms.The price-to-income ratio of 4.0x provides context for how home values compare to local earning capacity.
Homes for sale in Selma
Explore homes currently listed for sale in Selma, Indiana across major real estate platforms.
Who lives in Selma?
Population
833
Median income
$62,500/yr
Median age
36.8 years
Owner-occupied
72.6%
College grads
10.5%
Avg commute
28.7 min
Source: U.S. Census Bureau ACS
What are homes worth in Selma?
Zillow home value
$251,086
Price-to-income
4.0x
Source: Zillow Research
What is it like to live in Selma?
Selma is a community of approximately 1K residents with a median age of 36.8 years.The median household income is $62,500, which represents a working-class community with solid middle-income opportunities. 10.5% of residents hold a bachelor's degree or higher, showing a mixed educational demographic.
Homeownership rates are at 72.6%, reflecting strong community stability and long-term resident commitment. The average commute time is 28.7 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, Selma offers a balanced lifestyle with accessible home values relative to local income levels.
Which public schools serve Selma?
3 schools tracked · 1,153 students
The largest public schools serving Selma, IN 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.
Selma Elementary School
Grades K-5 · 547 students
Wapahani High School
Grades 9-12 · 334 students
Selma Middle School
Grades 6-8 · 272 students
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
Which cities are near Selma, IN?
Want a head-to-head view? Compare Selma side-by-side with any other U.S. city using our market-comparison tool.
Frequently asked questions
What is the average home price in Selma?
The median home sale price in Selma is $143,000, down 0.0% from last year.
How long do homes stay on market in Selma?
Homes typically spend 52 days on market before going under contract.
What is the median income in Selma?
The median household income is $62,500 per year.
What is the Zillow home value estimate for Selma?
The Zillow Home Value Index (ZHVI) for Selma is $251,086, representing the typical home value in the area.
How much does a single-family home cost in Selma?
The median single-family home price in Selma, IN is $143,000 (about $147 per square foot).
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