Is Selma, IN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Selma is a buyer's market

Buyer's
Market

Difference Since Last Month

Last month, 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, IN

How much do homes in Selma, IN cost?

Median Sold Price

$645,000

$118/sqft

Based on all homes sold in November 2024.

Difference Since Last Month

+$465,000(+258.3%)

Key Takeaway

Homes in Selma have sold for 258.3% more than they did a month ago.

Summary: The median home sold price in Selma was $645,000 in November 2024, up 258.3% from last month, and the median price per square foot was $118.

Median Sold Price By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 --
N/A
2 --
N/A
3 $158.2K-
N/A
4 $180K-
N/A
5+ $390K$645K
+65.4%

Summary: Selma housing prices by bedroom type for November 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes did not change, 4 bedroom homes did not change, and 5+ bedroom homes increased by 65.4%.

Housing Supply in Selma, IN

How many homes are available in Selma, IN?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
1511-26.7%

Summary: The Selma real estate market had 11 homes for sale in November 2024, a 26.7% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 21
-50.0%
3 43
-25.0%
4 55
0.0%
5+ 42
-50.0%

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 decreased by 50%, 3 bedroom homes decreased by 25%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 50%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
51-80.0%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Selma, expect to pay close to the asking price. 100% of homes here sold near the asking price last month.

Summary: A total of 1 homes were sold or pending in Selma in November 2024, down by 80.0% month-over-month. Of the 1 sold homes, 0% were sold under asking, 100% were sold at asking, and 0% were sold over asking.

Days on Market for Selma, IN

How long does it take to sell a home in Selma, IN?

Average Sale Time

Oct 2024Nov 2024CHANGE
33 Days183 Days+454.5%

Summary: Homes in Selma had an average of 183 days on market in Nov 2024, up by 454.5% compared to last month.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in Selma are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During November 2024, 1 homes were sold in Selma; 0% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 100% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 17 Days Ago

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