Selma, AL metro area Housing Market
Cold MarketComprehensive housing market data for the Selma, AL metro area metro area. Track home prices, inventory, days on market, and competition — updated monthly for real estate investors.
Data period: March 2026
Median Sale Price
$168K
↑ 21.7% YoY
Days on Market
68 days
↓ 11.7% YoY
Active Inventory
91
↓ 24.2% YoY
Homes Sold
9
↓ 35.7% YoY
Cold Market
Inventory is high and homes are sitting longer — a buyer's market.
Selma, AL metro area Market Summary
The Selma, AL metro area housing market is cooling down. As of March 2026, the median home sale price is $168K, up 21.7% year-over-year. Homes are spending a median of 68 days on the market, 11.7% shorter than a year ago.
There are 91 homes for sale — 24.2% fewer than last year. With 10.1 months of supply, this is a buyer's market. 16 new listings were added during this period, down 0.0% year-over-year.
Homes are selling for 93.4% of their list price on average, suggesting room for negotiation. 11.1% of homes sell above their asking price. 15.4% of listings have had a price drop.
Market Opportunity Score
Based on current market conditions
88
Contributing Factors
How This Market Compares
vs. National Median
vs. Alabama Median
Investor Takeaway
The cooling market may present buying opportunities with less competition and more negotiating leverage. High inventory relative to sales pace means buyers have options and sellers may be flexible on price. Prices are 62% below the national median, which could indicate stronger cash flow potential.
Selma, AL metro area Market Trends
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Detailed Market Metrics
Median List Price
$127K
Price per Sq Ft
$93
Sale-to-List Ratio
93.4%
Months of Supply
10.1
Sold Above List
11.1%
Price Drops
15.4%
New Listings
16
– 0.0% YoY
Pending Sales
20
Off Market in 2 Weeks
5.0%
Other Markets in Alabama
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Mobile, AL metro area
$240K · 53d on market
Montgomery, AL metro area
$275K · 67d on market
Tuscaloosa, AL metro area
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Auburn, AL metro area
$342K · 36d on market
Decatur, AL metro area
$253K · 68d on market
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Try It FreeHousing market data provided by Redfin, a national real estate brokerage. Not financial advice. Always consult a qualified professional before making investment decisions.