$1,543 Closing Credit*
$129,900
2 Beds
•1 Full Bath
Listing Office: Weichert, REALTORS - Crunk Rea
Is Selmer, TN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, Selmer has remained a Seller's Market.
Key Takeaway
Selmer is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Selmer, TN
How much do homes in Selmer, TN cost?
Median Sold Price
$165,000
-
Based on all homes sold in October 2024.
Difference Since Last Month
+$60,500(+57.9%)
Key Takeaway
Homes in Selmer have sold for 57.9% more than they did a month ago.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $30K | $76.5K | +155.0% |
| 3 Bedrooms | $177.5K | $165K | -7.0% |
| 4 Bedrooms | - | $350K | N/A |
| 5+ Bedrooms | - | - | N/A |
Summary: Selmer housing prices by bedroom type for October 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 155%, 3 bedroom homes decreased by 7%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Bethel Springs | $150K | $302.5K | +101.7% |
| Selmer | $104.5K | $165K | +57.9% |
Housing Supply in Selmer, TN
How many homes are available in Selmer, TN?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 34 | 31 | -8.8% |
Summary: The Selmer real estate market had 31 homes for sale in October 2024, a 8.8% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 10 | 7 | -30.0% |
| 3 Bedrooms | 20 | 18 | -10.0% |
| 4 Bedrooms | 2 | 4 | +100.0% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Selmer housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 30%, 3 bedroom homes decreased by 10%, 4 bedroom homes increased by 100%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 7 | 7 | 0.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Selmer, you may be able to get a good deal. 71.4% of homes here sold below asking price last month.
Summary: A total of 7 homes were sold or pending in Selmer in October 2024, the same as the previous month. Of the 7 sold homes, 71% were sold under asking, 29% were sold at asking, and 0% were sold over asking.
Days on Market for Selmer, TN
We’re sorry, we don't have information for this market at the moment
Listings courtesy of RealTracs Middle Tennessee Regional MLS as distributed by MLS GRID.
© 2024 of the REALTRACS MLS. All rights Reserved.