Selma Housing Market Report April 2025Dallas County, Alabama

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Housing Prices in Selma, AL

How much do homes in Selma, AL cost?

Housing Market Conditions

Is Selma, AL a buyer’s or seller’s market?

Housing Market Conditions

This is the supply and demand for houses in an area based on home prices and trends.

Buyer’s Market

A buyer’s market occurs when the number of available properties for sale exceeds the number of buyers looking to purchase. In a buyer’s market, the supply exceeds the demand.

Neutral Market

A neutral market occurs when the number of buyers looking to purchase properties meets the number of available properties for sale. In a balanced market, there are enough homes to meet the demand.

Seller’s Market

A seller’s market occurs when there are more buyers looking to purchase properties than there are available homes on the market. In a seller’s market, the demand exceeds the supply.

Seller'sMarket

Buyer'sMarket

Selma is a Buyer's Market

Difference Since April 2024

Since last year, Selma has remained a Buyer's Market.

Insight

Selma is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Median Sold Price

Median Sold Price
This is the middle price for which all homes in the area were sold. Half of all the homes sold were below this price, and half were above.
$110,000$63/SqFt
-$5,750
-5.0%

Based on all homes sold in the last 12 months

Insight

Homes in Selma have sold for 5% less than they did a year ago.

Summary: The median home sold price in Selma was $110,000 in April 2025, down 5% from last year, and the median price per square foot was $63.

Median Sold Price By Cities

Median Sold Price By Cities
This is the middle price for which all homes in the area were sold compared to surrounding cities. Half of all the homes sold were below this price, and half were above.
CityChange YoY
Valley Grande
+14.7%
Selma
-5.0%

Median Sold Price By Bedrooms

Median Sold Price By Bedrooms
This is the middle price for all homes actively listed in an area broken out by the number of bedrooms. Half of the homes are listed below this price, and half are above.
BedsApr 2024Apr 2025Change YoY
1--
N/A
2$36.9K$25K
-32.2%
3$117K$115K
-1.7%
4$165K$210K
+27.3%
5$190K$265.2K
+39.6%

Summary: Selma housing price by bedroom type for April 2025, compared to the previous year. The home price for 1 bedroom homes did not change. The home price for 2 bedroom homes decreased by -32.2%. The home price for 3 bedroom homes decreased by -1.7%. The home price for 4 bedroom homes increased by +27.3%. The home price for 5 bedroom homes increased by +39.6%.

How does Selma, AL compare with other places?

Market comparison tool

Data and numbers shown are subject to change and may vary based on different timeframes.

Selma, AL

Housing supply in Selma, AL

How many homes are available in Selma, AL?

Number of Homes For Sale

Number of Homes For Sale
This is the total number of homes actively listed in an area.
Last Month2 months agoChange MoM
111Last MonthApr 2025
1042 months agoMar 2025
+6.7 %
Change MoMMar – Apr

Summary: The Selma real estate market had 111 homes for sale in Apr 2025, a 6.7 % increase compared to Mar 2025.

Number of Homes Sold

Number of Homes Sold
This is the total number of both homes sold and pending in an area.
Last Month2 months agoChange MoM
9Last MonthApr 2025
112 months agoMar 2025
-18.2 %
Change MoMMar – Apr

Homes For Sale By Bedroom Count

Homes For Sale By Bedroom Count
This is the total number of homes actively listed in an area by number of bedrooms.
BedsMar 2025Apr 2025Change MoM
111
0.0%
21316
+23.1%
36666
0.0%
41923
+21.1%
555
0.0%

Summary: Selma housing inventory by bedroom type for April 2025, compared to the previous month. The inventory for 1 bedroom homes remained the same. The inventory for 2 bedroom homes increased by +23.1%. The inventory for 3 bedroom homes remained the same. The inventory for 4 bedroom homes increased by +21.1%. The inventory for 5 bedroom homes remained the same.

Asking Price vs. Sold Price

How much do homes in Selma, AL cost?

Asking Price vs. Sold Price

The asking price is how much a home is listed for. The selling price is how much the home actually sold for.

Under Asking

Homes that sold for less than the asking price

At Asking

Homes that sold at their asking price

Over Asking

Homes that sold above the asking price

Over Asking Price1 Home

At Asking Price2 Homes

Under Asking Price6 Homes

Insight

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 April 2025, down by 18.2% month-over-month. Of the 9 sold homes, 67% were sold under asking, 22% were sold at asking, and and 11% were sold over asking.

Days on Market for Selma, AL

How long does it take to sell a home in Selma, AL?

Breakdown of Home Sale Times

Under 30 Days0 Home

30 – 90 Days4 Homes

Over 90 Days5 Homes

Insight

Most homes in Selma are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During April 2025, 9 homes were sold in Selma; 0% of homes were sold within 30 days, 44% of homes were sold within 30 to 90 days, and 56% of homes were sold over 90 days.

Average Sale Time

Average Sale Time
This is the average number of days homes take to sell in an area.
This Year1 year agoChange YoY
172 DaysThis YearApr 2025
122 Days1 year agoApr 2024
+41.4 %
Change YoYApr 2024 – Apr 2025

Summary: Homes in Selma had an average listing age of 172 days in Apr 2025, up by 41.4% compared to the previous year.

Newest Listings in Selma, AL

What homes are available in Selma, AL?

Nearby markets

MLS Disclaimers and Copyright

Based on information from Montgomery Area Association of Realtors MLS, Greater Alabama MLS, West Alabama Multiple Listing Service, Lee County MLS, and Dothan Multiple Listing Service Inc. for the period 05/01/2023 - 05/01/2025

IDX Listing Information Copyright 2025 Multiple Listing Service, Inc. of Montgomery Area Association of REALTORS®, Inc. All rights reserved. Information herein is believed to be accurate and timely, but no warranty as such is expressed or implied. The information being provided is for consumers personal, non-commercial use and will not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data relating to real estate for sale on this web site comes in part from the IDX Program of the Multiple Listing Service, Inc. of Montgomery Area Association of REALTORS® Inc. Real estate listings held by brokerage firms other than this broker are governed by MLS Rules and Regulations and detailed information about them includes the name of the listing companies. Equal Housing
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 5/28/2025, 6:20:28 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
IDX The data relating to real estate for sale on this site comes in part from the Broker Reciprocity/IDX program of the Greater Alabama Multiple Listing Service, Inc. Information provided is thought to be reliable but is not guaranteed to be accurate; you are advised to verify facts that are important to you. No warranties, expressed or implied, are provided for the data herein, or for their use or interpretation by the user. IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the content is not guaranteed accurate by the MLS. There is no express or implied warranty by MLS of the accuracy of information which should be independently verified. The Greater Alabama Multiple Listing Service does not create, control or review the property data displayed herein and take no responsibility for the content of such records. Copyright© 2025 Greater Alabama Multiple Listing Service, Inc. All Rights Reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 5/28/2025, 6:20:32 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Information is provided by West Alabama Multiple Listing Service, Inc. Information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Listing(s) information is provided exclusively 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. Copyright © 2025 West Alabama Multiple Listing Service, Inc. All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 5/28/2025, 6:15:35 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
IDX Listing information provided in part by the Lee County Association of REALTORS® for personal, non-commercial use by viewers of this site and may not be reproduced or redistributed. All information is deemed reliable but not guaranteed. Copyright © Lee County Association of REALTORS® 2024. All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 5/28/2025, 6:15:37 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
IDX Information on this website is provided exclusively for the personal, non-commercial use of consumers and may not be used for any purpose other than to identify prospective properties that consumers may be interested in purchasing. Information on this website cannot be "scraped" or used without written permission from the Dothan Multiple Listing Service, Inc.®. The data relating to real estate for sale on this website comes in part from the (IDX) Internet Data Exchange Program of the Dothan Multiple Listing Service, Inc.®. All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor this broker shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Real estate listings held by brokerage firms other than the owner of this website are marked with the Internet Data Exchange logo (IDX) or the Internet Data Exchange brief/thumbnail logo and detailed information about them includes the name of the listing firm.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 5/28/2025, 6:15:37 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.