Is Selma Township, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Selma Township has remained a Seller's Market.
Key Takeaway
Selma Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Selma Township, NC
How much do homes in Selma Township, NC cost?
Median Sold Price
$298,000
$189/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Selma Township have sold for 2.6% less than they did a year ago.
Summary: The median home sold price in Selma Township was $298,000 in May 2024, down 2.6% from last year, and the median price per square foot was $189.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $165K | $162K | -1.8% |
| 3 Bedrooms | $300K | $298K | -0.7% |
| 4 Bedrooms | $339.7K | $367.4K | +8.2% |
| 5+ Bedrooms | $307.4K | $715K | +132.6% |
Summary: Selma Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 1.8%, 3 bedroom homes decreased by 0.7%, 4 bedroom homes increased by 8.2%, and 5+ bedroom homes increased by 132.6%.
Median Sold Price Compared To Nearby Cities
| Pine Level Township | $295K | $298K | +1.0% |
| Selma Township | $305.9K | $298K | -2.6% |
| Selma | $309K | $298.9K | -3.3% |
| Wilson Mills Township | $351.6K | $330K | -6.2% |
| Micro Township | $311.7K | $285K | -8.6% |
Housing Supply in Selma Township, NC
How many homes are available in Selma Township, NC?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 97 | 100 | +3.1% |
Summary: The Selma Township real estate market had 100 homes for sale in May 2024, a 3.1% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 7 | 9 | +28.6% |
| 3 Bedrooms | 78 | 77 | -1.3% |
| 4 Bedrooms | 12 | 14 | +16.7% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Selma Township housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 28.6%, 3 bedroom homes decreased by 1.3%, 4 bedroom homes increased by 16.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 18 | 25 | +38.9% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
14 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Selma Township, expect to pay close to the asking price. 56% of homes here sold near the asking price last month.
Summary: A total of 25 homes were sold or pending in Selma Township in May 2024, up by 38.9% month-over-month. Of the 25 sold homes, 36% were sold under asking, 56% were sold at asking, and 8% were sold over asking.
Days on Market for Selma Township, NC
How long does it take to sell a home in Selma Township, NC?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 124 Days | 34 Days | -72.6% |
Summary: Homes in Selma Township had an average of 34 days on market in May 2024, down by 72.6% compared to last year.
Breakdown of Home Sale Times
17 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Selma Township are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 25 homes were sold in Selma Township; 68% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 12% of homes were sold over 90 days.
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