$2,719 Closing Credit*
$229,000
1,496 SqFt
3 Beds
•2 Full Baths
Joseph Rothrock, Listing Office: Red Wagon Properties
Is Selma, TX a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, Selma was a Buyer's 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
$312,000
$160/sqft
Based on all homes sold in the last 12 months.
Difference Since October 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 $312,000 in October 2024, down 1.9% from last year, and the median price per square foot was $160.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | - | N/A |
| 3 Bedrooms | $305K | $287.9K | -5.6% |
| 4 Bedrooms | $379.2K | $369K | -2.7% |
| 5+ Bedrooms | $356K | $368K | +3.3% |
Summary: Selma housing prices by bedroom type for October 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 5.6%, 4 bedroom homes decreased by 2.7%, and 5+ bedroom homes increased by 3.3%.
Median Sold Price Compared To Nearby Cities
| Universal City | $275K | $285K | +3.6% |
| Live Oak | $275K | $278K | +1.1% |
| Selma | $318K | $312K | -1.9% |
| San Antonio Northeast | $264.9K | $259.9K | -1.9% |
| Schertz | $343.8K | $332.2K | -3.4% |
Housing Supply in Selma, TX
How many homes are available in Selma, TX?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 57 | 59 | +3.5% |
Summary: The Selma real estate market had 59 homes for sale in October 2024, a 3.5% increase 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 | 0 | 0 | 0.0% |
| 3 Bedrooms | 36 | 35 | -2.8% |
| 4 Bedrooms | 15 | 18 | +20.0% |
| 5+ Bedrooms | 6 | 6 | 0.0% |
Summary: The Selma 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 remained the same, 3 bedroom homes decreased by 2.8%, 4 bedroom homes increased by 20%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 7 | 9 | +28.6% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Selma, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 9 homes were sold or pending in Selma in October 2024, up by 28.6% month-over-month. Of the 9 sold homes, 67% were sold under asking, 22% were sold at asking, and 11% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 58 Days | 54 Days | -6.8% |
Summary: Homes in Selma had an average of 54 days on market in Oct 2024, down by 6.8% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Selma has remained consistent over time.
Summary: During October 2024, 9 homes were sold in Selma; 22% of homes were sold within 30 days, 56% of homes were sold within 30 to 90 days, and 22% 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.