Is Selma, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Selma has remained a Seller's Market.
Key Takeaway
Selma is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Selma, NC
How much do homes in Selma, NC cost?
Median Sold Price
$309,600
$187/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Selma have sold for 0.6% more than they did a year ago.
Summary: The median home sold price in Selma was $309,600 in April 2024, up 0.6% from last year, and the median price per square foot was $187.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $167K | $128.9K | -22.8% |
| 3 Bedrooms | $300.5K | $308.5K | +2.7% |
| 4 Bedrooms | $334.9K | $379.4K | +13.3% |
| 5+ Bedrooms | $272.9K | $715K | +161.9% |
Summary: Selma housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 22.8%, 3 bedroom homes increased by 2.7%, 4 bedroom homes increased by 13.3%, and 5+ bedroom homes increased by 161.9%.
Median Sold Price Compared To Nearby Cities
| Pine Level Township | $295K | $298K | +1.0% |
| Selma | $307.6K | $309.6K | +0.6% |
| Selma Township | $303.1K | $302K | -0.4% |
| Smithfield | $323.7K | $305K | -5.8% |
| Wilson Mills Township | $356.9K | $330K | -7.6% |
Housing Supply in Selma, NC
How many homes are available in Selma, NC?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 68 | 58 | -14.7% |
Summary: The Selma real estate market had 58 homes for sale in April 2024, a 14.7% decrease compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 3 | 5 | +66.7% |
| 3 Bedrooms | 55 | 47 | -14.5% |
| 4 Bedrooms | 10 | 6 | -40.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Selma housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 66.7%, 3 bedroom homes decreased by 14.5%, 4 bedroom homes decreased by 40%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 20 | 14 | -30.0% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Selma, you may be able to get a good deal. 42.9% of homes here sold below asking price last month.
Summary: A total of 14 homes were sold or pending in Selma in April 2024, down by 30.0% month-over-month. Of the 14 sold homes, 43% were sold under asking, 43% were sold at asking, and 14% were sold over asking.
Days on Market for Selma, NC
How long does it take to sell a home in Selma, NC?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 109 Days | 99 Days | -9.2% |
Summary: Homes in Selma had an average of 99 days on market in Apr 2024, down by 9.2% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Selma are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 14 homes were sold in Selma; 50% of homes were sold within 30 days, 7% of homes were sold within 30 to 90 days, and 43% of homes were sold over 90 days.
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