$2,719 Closing Credit*
$229,000
1,308 SqFt
3 Beds
•2 Full Baths
Joe Kendrick, Listing Office: USREALTY.com LLP
Is Selma, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since December 2023
Since last year, Selma has remained a Seller's Market.
Key Takeaway
Selma is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Selma, NC
How much do homes in Selma, NC cost?
Median Sold Price
$295,200
$190/sqft
Based on all homes sold in the last 12 months.
Difference Since December 2023
-$13,800(-4.5%)
Key Takeaway
Homes in Selma have sold for 4.5% less than they did a year ago.
Summary: The median home sold price in Selma was $295,200 in December 2024, down 4.5% from last year, and the median price per square foot was $190.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $165K | $170K | +3.0% |
| 3 Bedrooms | $309K | $297.9K | -3.6% |
| 4 Bedrooms | $340K | $430K | +26.5% |
| 5+ Bedrooms | $330K | - | N/A |
Summary: Selma housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 3%, 3 bedroom homes decreased by 3.6%, 4 bedroom homes increased by 26.5%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Smithfield | $309.9K | $319.9K | +3.2% |
| Wilson Mills Township | $350K | $348.5K | -0.4% |
| Selma Township | $304.9K | $297.9K | -2.3% |
| Selma | $309K | $295.2K | -4.5% |
Housing Supply in Selma, NC
How many homes are available in Selma, NC?
Number of Homes For Sale
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 63 | 64 | +1.6% |
Summary: The Selma real estate market had 64 homes for sale in December 2024, a 1.6% increase compared to November 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 3 | 2 | -33.3% |
| 3 Bedrooms | 55 | 56 | +1.8% |
| 4 Bedrooms | 4 | 5 | +25.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Selma housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 33.3%, 3 bedroom homes increased by 1.8%, 4 bedroom homes increased by 25%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 15 | 15 | 0.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Selma, expect to pay close to the asking price. 40% of homes here sold near the asking price last month.
Summary: A total of 15 homes were sold or pending in Selma in December 2024, the same as the previous month. Of the 15 sold homes, 33% were sold under asking, 40% were sold at asking, and 27% were sold over asking.
Days on Market for Selma, NC
How long does it take to sell a home in Selma, NC?
Average Sale Time
| Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|
| 81 Days | 84 Days | +3.6% |
Summary: Homes in Selma had an average of 84 days on market in Dec 2024, up by 3.6% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Selma are selling fast, if you're buying plan to act quickly.
Summary: During December 2024, 15 homes were sold in Selma; 53% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 27% of homes were sold over 90 days.
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