Market Intelligence Report — AL-820

Selma, AL

Monthly housing intelligence, market trends, and trusted local expertise.

Ref. No: 2026-AL-08
As of the latest 2026 data
Cooling

Median Listing

$109K
-26.9% YoY

Pending Ratio

0.33
+1.4% YoY

Active Inventory

86
-18.9% YoY

Median DOM

75 Days
-10.7% YoY

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The Selma market is cooling, characterized by a pending ratio of 0.33, indicating that demand absorption is moderate relative to available supply. Median listing prices have experienced a significant year-over-year decline of 26.9%, alongside a 6.4% month-over-month decrease.

Local Market Signals

Source: FRED (St. Louis Fed)

Local economic trends can influence how quickly homes sell and how much competition sellers may face.

Local economic indicators are not yet available for this metro. Check back soon.
Market Analysis

What's moving the Selma market right now.

Active listings have contracted by 18.9% over the past year, reaching 86 units, while new listings remained stable year-over-year. The median days on market shortened by 10.7% year-over-year to 75 days, suggesting properties are moving slightly faster despite broader cooling. However, a 3.1% year-over-year increase in the price-reduced share, now at 15.3%, points to increasing price adjustments by sellers. The median listing price has fallen by 26.9% compared to the prior year.

Historical Analysis

Market Trends

Median Price

$109K-6.4% MoM

Active Inventory

86-18.9% YoY

Days on Market

75-10.7% YoY

Sold Score™

53+1.4% YoY

Sold Score™ Over Time

Market liquidity index • 36 months

53
Sep 23Aug 26

Price & Days on Market

Median listing vs market velocity

Price DOM
Sep 23Aug 26

Inventory Dynamics

Total active listings vs new monthly supply

Active New listings
Sep 23Apr 24Nov 24Jun 25Jan 26Aug 26

Sourced from Realtor.com RDC Inventory Core Metrics, supplemented by the Primpted research desk. Updated As of the latest 2026 data.

Market Signals & Indicators

Negotiating Leverage

Market dynamics in Selma currently suggest an environment where inventory levels, though contracting, still afford properties longer marketing periods. Negotiating leverage likely favors purchasers given the moderate pace of sales as indicated by the pending ratio. Price discipline among sellers appears to be softening, reflected in the elevated share of listings with price reductions.

Luxury Segment

The luxury segment does not show a distinct signal of softness in this dataset. While the average listing price declined by 24.4% year-over-year and the median $/sqft by 12.7%, the average-to-median price spread is not elevated (1.35x), indicating these declines are broadly distributed rather than concentrated at the top tier.

Supply Dynamics

86 active listings represent the current floor, with new supply arriving at roughly 16 per month.

Pricing Pressure
15.3%

of active listings carry a price reduction, +3.1% from prior period.

$/Sq Ft
$0K

Median price per square foot has moved -12.7% year-over-year.

Absorption
0.33

Pending-to-active ratio — Cooling.

Recommended For This Market

Cooling

Selling in Selma, AL? Homes here are taking 9 days less to sell than last year.

Buyers have leverage in Selma, AL. Homes that sell are the ones priced and presented for today's conditions, not last year's.

Buyer Demand Index
33%
Median Days on Market
75 days
Inventory YoY
−19%

In a buyer's market, strategy beats timing. See how your home scores in Selma, AL and what moves the number.

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Metro Demographics

Metro Area
Selma, AL
CBSA Code
42820
State
AL

ZIPs in Selma, AL

Sorted by active inventory · click a ZIP for its full report

Analysis FAQ
  • What is the current market condition in Selma?+

    As of the latest 2026 data, the Selma metro is classified as Cooling. Pending ratio is 0.33 with median days on market at 75.

  • Are home prices dropping in Selma?+

    Median listing price is $109K, -26.9% year over year. 15.3% of active listings carry a price reduction.

  • How fast are homes selling in Selma?+

    The typical listing sits 75 days on market, a -10.7% change YoY. New listings are arriving at 16 per month.

  • What's happening in the Selma luxury market?+

    The luxury segment does not show a distinct signal of softness in this dataset. While the average listing price declined by 24.4% year-over-year and the median $/sqft by 12.7%, the average-to-median price spread is not elevated (1.35x), indicating these declines are broadly distributed rather than concentrated at the top tier.

  • Where can I find a trusted Selma real estate expert?+

    Primpted maintains a vetted registry of Selma agents with verified credentials, Google reviews, and neighborhood specialization. See the Featured Experts section above.

Data & Methodology

Primary data sourced via Realtor.com's RDC Inventory Core Metrics (CBSA-level), supplemented by editorial analysis and the Primpted local expert registry. Historical trends calculated on a rolling 12-month basis. Past direction is not a forecast.

As of the latest 2026 data · CBSA 42820 · 36mo history