$4,131 Closing Credit*
$347,900
1,784 SqFt
3 Beds
•3 Full Baths
Tammy Register, Listing Office: KW Realty Platinum
Is Selma, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 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
$287,450
$190/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$22,440(-7.2%)
Key Takeaway
Homes in Selma have sold for 7.2% less than they did a year ago.
Summary: The median home sold price in Selma was $287,450 in November 2024, down 7.2% from last year, and the median price per square foot was $190.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $170K | $162K | -4.7% |
| 3 Bedrooms | $309K | $289.9K | -6.2% |
| 4 Bedrooms | $339.4K | $455.8K | +34.3% |
| 5+ Bedrooms | $330K | - | N/A |
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 4.7%, 3 bedroom homes decreased by 6.2%, 4 bedroom homes increased by 34.3%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Smithfield | $304.9K | $319.9K | +4.9% |
| Selma Township | $305.7K | $297.7K | -2.6% |
| Pine Level Township | $296.5K | $287.7K | -3.0% |
| Wilson Mills Township | $359.9K | $336.8K | -6.4% |
| Selma | $309.8K | $287.4K | -7.2% |
Housing Supply in Selma, NC
How many homes are available in Selma, NC?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 74 | 70 | -5.4% |
Summary: The Selma real estate market had 70 homes for sale in November 2024, a 5.4% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 4 | +100.0% |
| 3 Bedrooms | 59 | 58 | -1.7% |
| 4 Bedrooms | 13 | 7 | -46.2% |
| 5+ Bedrooms | 0 | 1 | +100.0% |
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 increased by 100%, 3 bedroom homes decreased by 1.7%, 4 bedroom homes decreased by 46.2%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 18 | 15 | -16.7% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Selma, you may be able to get a good deal. 40% of homes here sold below asking price last month.
Summary: A total of 15 homes were sold or pending in Selma in November 2024, down by 16.7% month-over-month. Of the 15 sold homes, 40% were sold under asking, 27% were sold at asking, and 33% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 88 Days | 20 Days | -77.0% |
Summary: Homes in Selma had an average of 20 days on market in Nov 2024, down by 77% compared to last year.
Breakdown of Home Sale Times
13 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 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 November 2024, 15 homes were sold in Selma; 87% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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