Cheap Homes for Sale in Selma, AL

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Selma, AL Housing Market Overview

Selma is a buyer's market right now. Homes are sitting on the market for 153 days on average. With 15 months of supply, there's less pressure to rush and more room to negotiate on price and terms.

Status

Buyer's Market

Days on Market

153

Inventory

60

Sep 2021Mar 2024Mar 2026

Median Home Price

$157,950Up 0.55%

In Mar 2026 · YoY

Sep 2021Mar 2024Mar 2026

Mortgage Rates 30-Yr Fixed

6.23%Down 0.58%

Current rate · YoY

Loan Type

30-Year Fixed

Housing Supply

Homes For Sale
60 Down 0.15%
Newly Listed Homes
11 Up 1.75%
Months of Supply
15 Up 3.20%

Housing Demand

Homes Sold
4 Down 0.00%
Sale-to-List Ratio
95.7% Up 0.10%
Homes Sold Above List
25% Up 8.33%

30-yr fixed rate 6.23% · Data as of Mar 2026 · Source: Houzeo Research.

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  • mls-imgIDX Logo
    Information Deemed Reliable But Not Guaranteed. © 2026 Georgia Multiple Listing Service. All Rights Reserved.
  • mls-img
    Based on information from the Montgomery Area Association of REALTORS® through Oct 14, 2026, 3:00 PM. Information is deemed reliable, but not guaranteed. 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. This website may not include listings or property addresses of sellers who have directed their listing brokers to withhold their listing or their property address from display on the Internet. Copyright 2026 Multiple Listing Service of the Montgomery Area Association of REALTORS®. All Rights Reserved.
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Selma, AL Housing Marketlink qauare
Homes Available icon

86

Homes Available

Median List Price icon

$ 157,950

Median List Price

Avg on Market icon

153 Days

Avg on Market

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