Is Selma Township, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Selma Township has remained a Seller's Market.
Housing Prices in Selma Township, NC
How much do homes in Selma Township, NC cost?
Median Sold Price
$298,000
$189/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Selma Township was $298,000 in May 2024, down 2.6% from last year, and the median price per square foot was $189.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $165K | $162K | -1.8% |
3 Bedrooms | $300K | $298K | -0.7% |
4 Bedrooms | $339.7K | $367.4K | +8.2% |
5+ Bedrooms | $307.4K | $715K | +132.6% |
Summary: Selma Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 1.8%, 3 bedroom homes decreased by 0.7%, 4 bedroom homes increased by 8.2%, and 5+ bedroom homes increased by 132.6%.
Median Sold Price Compared To Nearby Cities
Pine Level Township | $295K | $298K | +1.0% |
Selma Township | $305.9K | $298K | -2.6% |
Selma | $309K | $298.9K | -3.3% |
Wilson Mills Township | $351.6K | $330K | -6.2% |
Micro Township | $311.7K | $285K | -8.6% |
Housing Supply in Selma Township, NC
How many homes are available in Selma Township, NC?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
97 | 100 | +3.1% |
Summary: The Selma Township real estate market had 100 homes for sale in May 2024, a 3.1% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 7 | 9 | +28.6% |
3 Bedrooms | 78 | 77 | -1.3% |
4 Bedrooms | 12 | 14 | +16.7% |
5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Selma Township housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 28.6%, 3 bedroom homes decreased by 1.3%, 4 bedroom homes increased by 16.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
18 | 25 | +38.9% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
14 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 25 homes were sold or pending in Selma Township in May 2024, up by 38.9% month-over-month. Of the 25 sold homes, 36% were sold under asking, 56% were sold at asking, and 8% were sold over asking.
Days on Market for Selma Township, NC
How long does it take to sell a home in Selma Township, NC?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
124 Days | 34 Days | -72.6% |
Summary: Homes in Selma Township had an average of 34 days on market in May 2024, down by 72.6% compared to last year.
Breakdown of Home Sale Times
17 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During May 2024, 25 homes were sold in Selma Township; 68% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 12% of homes were sold over 90 days.