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Foreclosure Homes in Selma, AL 36701

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Selma, AL Foreclosures

Current Market Conditions in in Selma, AL As of January 2026?
Over the past month, Selma's real estate market has shown signs of stability, with home prices holding steady and an increase in the number of listings compared to previous months. The interest from out-of-state buyers has risen as more people look toward southern cities for affordable living, and this has encouraged local sellers to price properties competitively, leading to more sales activity. The average time homes spend on the market has decreased, indicating a greater urgency among buyers.
How much do homes sell for in Selma, AL?
The average home price is currently $130,492.
In Selma, AL, how many homes are available?
There are currently 162 active home listings available in Selma.
What’s the average rental cost in Selma, AL?
The average rental price in Selma is $914.
What is the most expensive home in Selma?
The most expensive home sold in Selma had a price of $93,193,300.
What is currently the cheapest priced home in Selma, AL?
The cheapest home for sale in Selma is priced at $4,440.

Living in Selma, AL

Selma, Alabama, is a historical city known for its integral role in the civil rights movement. With a tight-knit community, it offers a blend of historical significance and Southern charm. Residents enjoy outdoor activities along the Alabama River and in local parks, while the city itself hosts numerous local events and festivals throughout the year.

Buyer vs Seller Market in Selma, AL

The Selma real estate market is currently experiencing a gradual increase in home values, fueled by a growing interest from first-time homebuyers and those looking to invest in historic properties. While prices remain affordable compared to national averages, there is an upward trend in demand that could continue positively in the coming years.

In recent months, the market has seen a slight surge in home sales, attributed to low mortgage rates and the availability of diverse housing options. However, inventory remains limited, indicating that buyers may face some competition over the more desirable listings.

Home Value Estimator For Selma, AL

There are currently 9,259 real estate properties in Selma, AL, with a median automated valuation model (AVM) price of $79,406.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Selma, AL, based on current market trends, comparable real estate sales nearby, historical data and, of course, property features, among other variables. These automated home estimates are often very helpful, providing buyers and sellers with a better idea of a home’s value ahead of the negotiation process. For example, the average home price in Selma, AL, is $130,492.00, with the most expensive house in Selma, AL, topping out at $93,193,300.00 and the cheapest home in Selma, AL, clocking in at $4,440.00. In other words, there’s something for every potential homebuyer or savvy investor in Selma, AL!

Rent Prices In Selma, AL

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Selma, AL, is on a rollercoaster ride. The average rent price in Selma, AL, is $914.00. Indeed, when looking to rent in Selma, AL, you can expect to pay as little as $440.00 or as much as $2,420.00, with the average rent median estimated to be $880.00. The good news is that finding an affordable and desirable property to rent in Selma, AL -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.

Selma, AL 36701 Foreclosures


Market Trend for Selma, AL

Total Listings Available: 162

Market Values:

Home Prices from $4,440 to $93,193,300

Average Sales Price: $130,492

Rental Values:

Rental from $440 to $2,420

Average Rent Value: $914 / month

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