Market Intelligence Report — AL-820

Selma, AL

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

Ref. No: 2026-AL-09
As of the latest 2026 data
Cooling

Median Listing

$103K
-34.9% YoY

Pending Ratio

0.35
-0.7% YoY

Active Inventory

86
-11.4% YoY

Median DOM

80 Days
-18.6% YoY

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The Selma metro is currently in a Cooling market condition, characterized by a pending ratio of 0.35. This indicates demand absorption is substantially lagging supply, with the median listing price experiencing a significant year-over-year contraction of 34.9%.

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 11.4% year-over-year, while new listings also saw a 14.3% decline over the same period. Despite reduced inventory inflow, the pending ratio's year-over-year decline of 0.7 percentage points underscores a sustained weakness in demand. Median days on market decreased by 18.6% year-over-year, yet price reductions remain elevated at 11.2%.

Historical Analysis

Market Trends

Median Price

$103K-5.1% MoM

Active Inventory

86-11.4% YoY

Days on Market

80-18.6% YoY

Sold Score™

52-0.7% YoY

Sold Score™ Over Time

Market liquidity index • 36 months

52
Oct 23Sep 26

Price & Days on Market

Median listing vs market velocity

Price DOM
Oct 23Sep 26

Inventory Dynamics

Total active listings vs new monthly supply

Active New listings
Oct 23May 24Dec 24Jul 25Feb 26Sep 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

With a pending ratio of 0.35, the absorption pace for available inventory is slow, placing pressure on pricing discipline. The relatively low level of pending activity suggests that market participants require more time and negotiation to complete transactions, indicative of conditions that favor cautious engagement.

Luxury Segment

The average listing price, at $143,612, significantly exceeds the median listing price of $103,425, suggesting a notable spread in pricing tiers. Additionally, the average listing price experienced a 29.4% year-over-year decline, which is less severe than the median price decline, but still points to sustained pressure in the upper segment of the market. Median price per square foot has also declined by 19.4% year-over-year, impacting valuation across all tiers.

Supply Dynamics

86 active listings represent the current floor, with new supply arriving at roughly 12 per month.

Pricing Pressure
11.2%

of active listings carry a price reduction, -2.9% from prior period.

$/Sq Ft
$0K

Median price per square foot has moved -19.4% year-over-year.

Absorption
0.35

Pending-to-active ratio — Cooling.

Recommended For This Market

Cooling

Selling in Selma, AL? Homes here are taking 18 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
35%
Median Days on Market
80 days
Inventory YoY
−11%

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 0.35 with median days on market at 80.

  • Are home prices dropping in Selma?+

    Median listing price is $103K, -34.9% year over year. 11.2% of active listings carry a price reduction.

  • How fast are homes selling in Selma?+

    The typical listing sits 80 days on market, a -18.6% change YoY. New listings are arriving at 12 per month.

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

    The average listing price, at $143,612, significantly exceeds the median listing price of $103,425, suggesting a notable spread in pricing tiers. Additionally, the average listing price experienced a 29.4% year-over-year decline, which is less severe than the median price decline, but still points to sustained pressure in the upper segment of the market. Median price per square foot has also declined by 19.4% year-over-year, impacting valuation across all tiers.

  • 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