$4,934 Closing Credit*
$415,500
3,733 SqFt
4 Beds
•4 Full Baths
Barbara B. Leet, Listing Office: Cornerstone Realty LLC.
Is Selma, AL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, Selma was a Seller's Market.
Key Takeaway
Selma is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Selma, AL
How much do homes in Selma, AL cost?
Median Sold Price
$115,000
$64/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$18,100(+18.7%)
Key Takeaway
Homes in Selma have sold for 18.7% more than they did a year ago.
Summary: The median home sold price in Selma was $115,000 in November 2024, up 18.7% from last year, and the median price per square foot was $64.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $36K | $30K | -16.7% |
| 3 Bedrooms | $105K | $115K | +9.5% |
| 4 Bedrooms | $114.5K | $177.4K | +55.0% |
| 5+ Bedrooms | $214.5K | $201K | -6.3% |
Summary: Selma housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 16.7%, 3 bedroom homes increased by 9.5%, 4 bedroom homes increased by 55%, and 5+ bedroom homes decreased by 6.3%.
Housing Supply in Selma, AL
How many homes are available in Selma, AL?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 99 | 97 | -2.0% |
Summary: The Selma real estate market had 97 homes for sale in November 2024, a 2.0% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 14 | 14 | 0.0% |
| 3 Bedrooms | 58 | 58 | 0.0% |
| 4 Bedrooms | 20 | 20 | 0.0% |
| 5+ Bedrooms | 6 | 4 | -33.3% |
Summary: The Selma housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 33.3%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 9 | 3 | -66.7% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Selma, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 3 homes were sold or pending in Selma in November 2024, down by 66.7% month-over-month. Of the 3 sold homes, 67% were sold under asking, 33% were sold at asking, and 0% were sold over asking.
Days on Market for Selma, AL
How long does it take to sell a home in Selma, AL?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 129 Days | 73 Days | -43.0% |
Summary: Homes in Selma had an average of 73 days on market in Nov 2024, down by 43% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Selma are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 3 homes were sold in Selma; 67% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.
Listing Information Copyright 2024 Multiple Listing Service, Inc. of Montgomery Area Association of REALTORS®, Inc. All rights reserved. Information herein is believed to be accurate and timely, but no warranty as such is expressed or implied. The information being provided is for consumers personal, non-commercial use and will not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data relating to real estate for sale on this web site comes in part from the IDX Program of the Multiple Listing Service, Inc. of Montgomery Area Association of REALTORS® Inc. Real estate listings held by brokerage firms other than this broker are governed by MLS Rules and Regulations and detailed information about them includes the name of the listing companies. 
Based on information from the Georgia MLS © 2024.