Is Selma Township, 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 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
$302,000
$188/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Selma Township was $302,000 in April 2024, down 0.4% from last year, and the median price per square foot was $188.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $165K | $145.4K | -11.8% |
3 Bedrooms | $299.9K | $299.9K | 0% |
4 Bedrooms | $334.9K | $357.4K | +6.7% |
5+ Bedrooms | $272.9K | $715K | +161.9% |
Summary: Selma Township 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 11.8%, 3 bedroom homes did not change, 4 bedroom homes increased by 6.7%, 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% |
Wilson Mills Township | $356.9K | $330K | -7.6% |
Micro Township | $316.7K | $285K | -10.0% |
Housing Supply in Selma Township, NC
How many homes are available in Selma Township, NC?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
79 | 70 | -11.4% |
Summary: The Selma Township real estate market had 70 homes for sale in April 2024, a 11.4% 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 | 65 | 58 | -10.8% |
4 Bedrooms | 11 | 7 | -36.4% |
5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Selma Township 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 10.8%, 4 bedroom homes decreased by 36.4%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
21 | 20 | -4.8% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
10 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 20 homes were sold or pending in Selma Township in April 2024, down by 4.8% month-over-month. Of the 20 sold homes, 40% were sold under asking, 50% were sold at asking, and 10% 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
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
109 Days | 76 Days | -30.5% |
Summary: Homes in Selma Township had an average of 76 days on market in Apr 2024, down by 30.5% compared to last year.
Breakdown of Home Sale Times
12 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
7 Homes Were Sold
Over 90 Days
Summary: During April 2024, 20 homes were sold in Selma Township; 60% of homes were sold within 30 days, 5% of homes were sold within 30 to 90 days, and 35% of homes were sold over 90 days.