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Short Sale Listings in Selma, AL 36701

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Selma, AL Foreclosures

How much do homes sell for in Selma, AL?
The average home price is currently $119,515.
In Selma, AL, how many homes are available?
There are currently 5 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 $94,986,700.
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 historic city known for its pivotal role in the civil rights movement. Located along the Alabama River, it boasts a rich cultural heritage, with beautiful antebellum homes and vibrant community events. The city offers a unique blend of Southern charm and rich history, making it a welcoming place for families and individuals alike.

Current Market Conditions in Selma, AL

Currently, Selma's real estate market is relatively stable, characterized by affordable housing options. The demand for homes is gradually increasing as people seek to escape larger urban centers for quieter, smaller towns. This region offers a diverse range of home prices and types, appealing to both first-time buyers and those looking for investment properties.

There has been a notable increase in home renovations and new constructions in recent years, as homeowners invest in improving property values, which is helping to boost the local economy. The market is considered to be more favorable for buyers due to the abundance of options and competitive pricing.

Home Value Estimator For Selma, AL

There are currently 8,786 real estate properties in Selma, AL, with a median automated valuation model (AVM) price of $78,181.00. 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 $119,515.00, with the most expensive house in Selma, AL, topping out at $94,986,700.00 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 Short Sale Listings

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