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Featured local agent — Selma, TX
Sarah Mitchell
Compass Real Estate · Selma, TX
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Selma, TX Housing Market & Real Estate
Housing market overview · Updated monthly ·
$292,500median sale price
How is the Selma, TX housing market right now?
The median home sale price in Selma, TX is $292,500, down 15.7% year-over-year. Homes sell in an average of 39 days with 42 active listings. The market is currently a leaning buyer's. (Source: Redfin monthly MLS data, as of May 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, TX is currently a leaning buyer's, based on 4.2 months of supply and homes selling in about 39 days. How we determine this →
Homes sold
10
Last 12 weeks
Days on market
39
Average pace
Active listings
42
4.2 months supply
Sale-to-list
95.8%
Below asking
What does the Selma housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $292,500 |
| Median list price | $300,000 |
| Year-over-year price change | -15.7% |
| Average days on market | 39 days |
| Active inventory | 42 listings |
| Months of supply | 4.2 months |
| Sale-to-list price ratio | 95.8% |
| Median price per sq ft | $142/sq ft |
| Homes sold (latest month) | 10 |
| New listings (latest month) | 12 |
| Listings with a price cut | 47.6% |
| Market condition | Leaning buyer's |
Source: Redfin · Updated monthly
How much do homes cost in Selma by property type?
How the Selma, TX market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $292,500 | $142/sq ft | 10 | 39 days |
Source: Redfin · Updated monthly
The Selma housing market is currently classified as a leaning buyer's with a median sale price of $292,500. Prices have fallen 15.7% compared to last year, with homes spending an average of 39 days on market, indicating 4.2 months of inventory.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.The price-to-income ratio of 3.0x provides context for how home values compare to local earning capacity.
Homes for sale in Selma
There are currently 42 homes listed for sale in Selma, Texas. The median listing price is $300K.
Active listings
42
Homes on market
Median list price
$300K
Avg. days on market
39
Days until sale
New this week
12
Newly listed
Who lives in Selma?
Population
11,302
Median income
$97,153/yr
Median age
33.9 years
Owner-occupied
57.6%
College grads
41.1%
Avg commute
28.4 min
Source: U.S. Census Bureau ACS
What are homes worth in Selma?
Zillow home value
$288,467
Zillow rent index
$1,314/mo
Price-to-rent ratio
18.3x
Price-to-income
3.0x
Source: Zillow Research
What is it like to live in Selma?
Selma is a community of approximately 11K residents with a median age of 33.9 years.The median household income is $97,153, which reflects a relatively affluent area with strong earning potential. 41.1% of residents hold a bachelor's degree or higher, indicating a highly educated population.
Homeownership rates are at 57.6%, showing a blend of owner and renter-occupied properties. The average commute time is 28.4 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 cities are near Selma, TX?
Want a head-to-head view? Compare Selma side-by-side with any other U.S. city using our market-comparison tool.
Is Selma a good real estate investment market?
For investors evaluating Selma, the price-to-rent ratio of 18.3x indicates higher purchase prices relative to rental income, typical of appreciation-focused markets. The market has softened 15.7% year-over-year, potentially creating entry opportunities for strategic buyers.Use our rent vs. buy calculator to analyze whether owning or renting makes more financial sense based on Selma's current market conditions and your specific situation. Estimate your monthly payment with the mortgage calculator using Selma's median home price.
Frequently asked questions
What is the average home price in Selma?
The median home sale price in Selma is $292,500, down 15.7% from last year.
How long do homes stay on market in Selma?
Homes typically spend 39 days on market before going under contract.
What is the median income in Selma?
The median household income is $97,153 per year.
Is Selma a buyer's or seller's market?
With 4.2 months of supply, Selma is currently a leaning buyer's.
What is the Zillow home value estimate for Selma?
The Zillow Home Value Index (ZHVI) for Selma is $288,467, 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, TX is $292,500 (about $142 per square foot).
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