Is Selmer, TN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Last month, Selmer was a Neutral Market.
Housing Prices in Selmer, TN
How much do homes in Selmer, TN cost?
Median Sold Price
$74,900
-
Based on all homes sold in February 2024.
Difference Since Last Month
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $50K | - | N/A |
2 Bedrooms | $130.9K | $74.9K | -42.8% |
3 Bedrooms | $161.5K | $137K | -15.2% |
4 Bedrooms | - | - | N/A |
5+ Bedrooms | - | - | N/A |
Summary: Selmer housing prices by bedroom type for February 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 42.8%, 3 bedroom homes decreased by 15.2%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
Bethel Springs | $283.4K | $410K | +44.6% |
Selmer | $130.9K | $74.9K | -42.8% |
Housing Supply in Selmer, TN
How many homes are available in Selmer, TN?
Number of Homes For Sale
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
37 | 36 | -2.7% |
Summary: The Selmer real estate market had 36 homes for sale in February 2024, a 2.7% decrease compared to January 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 1 | -50.0% |
2 Bedrooms | 7 | 5 | -28.6% |
3 Bedrooms | 20 | 22 | +10.0% |
4 Bedrooms | 7 | 7 | 0.0% |
5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Selmer housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes decreased by 28.6%, 3 bedroom homes increased by 10%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
6 | 3 | -50.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 3 homes were sold or pending in Selmer in February 2024, down by 50.0% month-over-month. Of the 3 sold homes, 67% were sold under asking, 33% were sold at asking, and 0% were sold over asking.
Days on Market for Selmer, TN
We’re sorry, we don't have information for this market at the moment