$3,396 Closing Credit*
$286,000
1,649 SqFt
3 Beds
•2 Full Baths
Anyiesa Johnson, Listing Office: Opendoor Brokerage, LLC
Is Selma, TX 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 Neutral Market.
Key Takeaway
Selma is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Selma, TX
How much do homes in Selma, TX cost?
Median Sold Price
$311,000
$160/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$6,000(-1.9%)
Key Takeaway
Homes in Selma have sold for 1.9% less than they did a year ago.
Summary: The median home sold price in Selma was $311,000 in November 2024, down 1.9% from last year, and the median price per square foot was $160.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | - | N/A |
| 3 Bedrooms | $305K | $285.5K | -6.4% |
| 4 Bedrooms | $374.9K | $369.9K | -1.4% |
| 5+ Bedrooms | $356K | $411K | +15.4% |
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 did not change, 3 bedroom homes decreased by 6.4%, 4 bedroom homes decreased by 1.4%, and 5+ bedroom homes increased by 15.4%.
Median Sold Price Compared To Nearby Cities
| Universal City | $277.6K | $283K | +1.9% |
| Live Oak | $276K | $275K | -0.4% |
| Selma | $317K | $311K | -1.9% |
| San Antonio Northeast | $264.8K | $259.9K | -1.9% |
| Schertz | $341.8K | $330K | -3.5% |
Housing Supply in Selma, TX
How many homes are available in Selma, TX?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 58 | 62 | +6.9% |
Summary: The Selma real estate market had 62 homes for sale in November 2024, a 6.9% increase 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 | 0 | 0 | 0.0% |
| 3 Bedrooms | 35 | 39 | +11.4% |
| 4 Bedrooms | 17 | 16 | -5.9% |
| 5+ Bedrooms | 6 | 7 | +16.7% |
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 remained the same, 3 bedroom homes increased by 11.4%, 4 bedroom homes decreased by 5.9%, and 5+ bedroom homes increased by 16.7%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 10 | 9 | -10.0% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Selma, you may be able to get a good deal. 88.9% of homes here sold below asking price last month.
Summary: A total of 9 homes were sold or pending in Selma in November 2024, down by 10.0% month-over-month. Of the 9 sold homes, 89% were sold under asking, 11% were sold at asking, and 0% were sold over asking.
Days on Market for Selma, TX
How long does it take to sell a home in Selma, TX?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 108 Days | 114 Days | +5.6% |
Summary: Homes in Selma had an average of 114 days on market in Nov 2024, up by 5.6% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
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, 9 homes were sold in Selma; 11% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 56% of homes were sold over 90 days.
Disclaimer: The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the San Antonio Board of Realtors. Real estate listings held by brokerage firms are indicated by detailed information about them such as the name of the listing firms. © 2024 San Antonio Board of Realtors®. All Rights Reserved. 
Data provided by the Central Texas MLS IDX program. Information deemed reliable but not guaranteed. Some properties which appear for sale may no longer be available due to no longer being offered for sale. The information being provided is for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. ©2024 Central Texas MLS, All Rights Reserved.