$1,899 Closing Credit*
$159,900
3 Beds
•2 Full Baths
Listing Office: Southern Realty Company
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
Last month, Selmer was a Seller's Market.
Key Takeaway
Selmer is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Selmer, TN
How much do homes in Selmer, TN cost?
Median Sold Price
$204,950
$135/sqft
Based on all homes sold in November 2024.
Difference Since Last Month
-$50,050(-19.6%)
Key Takeaway
Homes in Selmer have sold for 19.6% less than they did a month ago.
Summary: The median home sold price in Selmer was $204,950 in November 2024, down 19.6% from last month, and the median price per square foot was $135.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $76.5K | - | N/A |
| 3 Bedrooms | $255K | $209.9K | -17.7% |
| 4 Bedrooms | $350K | $196K | -44.0% |
| 5+ Bedrooms | - | - | N/A |
Summary: Selmer 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 decreased by 17.7%, 4 bedroom homes decreased by 44%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Selmer | $255K | $204.9K | -19.6% |
| Bethel Springs | $302.5K | $65K | -78.5% |
Housing Supply in Selmer, TN
How many homes are available in Selmer, TN?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 34 | 34 | 0.0% |
Summary: The Selmer real estate market had 34 homes for sale in November 2024, the same as October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 7 | 8 | +14.3% |
| 3 Bedrooms | 21 | 20 | -4.8% |
| 4 Bedrooms | 4 | 4 | 0.0% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Selmer 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 14.3%, 3 bedroom homes decreased by 4.8%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 9 | 4 | -55.6% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Selmer, you could pay more than the asking price. 50% of homes here sold above asking price last month.
Summary: A total of 4 homes were sold or pending in Selmer in November 2024, down by 55.6% month-over-month. Of the 4 sold homes, 25% were sold under asking, 25% were sold at asking, and 50% were sold over asking.
Days on Market for Selmer, TN
How long does it take to sell a home in Selmer, TN?
Average Sale Time
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 87 Days | 21 Days | -75.9% |
Summary: Homes in Selmer had an average of 21 days on market in Nov 2024, down by 75.9% compared to last month.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Selmer are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 4 homes were sold in Selmer; 25% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
Listings courtesy of RealTracs Middle Tennessee Regional MLS as distributed by MLS GRID.
© 2024 of the REALTRACS MLS. All rights Reserved.