Cheap Homes for Sale in Selma, AL

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Selma, AL Housing Market Overview

Selma's housing market currently favors buyers. This gives buyers the upper hand in negotiations. With a 15-month supply of homes and an average of 153 days on the market, buyers have plenty of time to choose and significant bargaining power.

Status

Buyer's Market

Days on Market

153

Inventory

73

Jul 2021Feb 2024Mar 2026

Median Home Price

$157,950Up 0.55%

In Mar 2026 · YoY

Jul 2021Feb 2024Mar 2026

Mortgage Rates 30-Yr Fixed

6.23%Down 0.58%

Current rate · YoY

Loan Type

30-Year Fixed

Supply

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

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.

View Full Selma Market Report
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    Information Deemed Reliable But Not Guaranteed. © 2024 Georgia Multiple Listing Service. All Rights Reserved.
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    Based on information from the Montgomery Area Association of REALTORS® through Aug 30, 2026, 5:45 AM. 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 2024 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

73

Homes Available

Median List Price icon

$ 157,950

Median List Price

Avg on Market icon

153 Days

Avg on Market

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