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Foreclosure Homes in Selma, IN 47383

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Selma, IN Foreclosures

How much do homes sell for in Selma, IN?
The average home price is currently $264,462.
In Selma, IN, how many homes are available?
There are currently 3 active home listings available in Selma.
What’s the average rental cost in Selma, IN?
The average rental price in Selma is $1,186.
What is the most expensive home in Selma?
The most expensive home sold in Selma had a price of $1,376,887.
What is currently the cheapest priced home in Selma, IN?
The cheapest home for sale in Selma is priced at $13,666.

Living in Selma, IN

Selma, Indiana is a small, tight-knit community known for its friendly atmosphere and affordable living. With a rich agricultural background, it offers a slower pace of life while still being conveniently close to larger cities for additional amenities. The local schools are dedicated to providing quality education, making it a great place for families.

Current Market Conditions in Selma, IN

Selma, IN is currently experiencing a stable real estate market with modest growth. Home prices have appreciated at a steady rate, making it a favorable environment for both buyers and sellers. The demand for homes in the area remains consistent, primarily driven by families seeking a quiet community with good schools.

Recent trends show a shift towards remote work, with an increasing number of individuals choosing to relocate from urban areas to more rural locations like Selma. This has started to increase the demand for housing, particularly single-family homes with outdoor spaces.

Home Value Estimator For Selma, IN

There are currently 1,105 real estate properties in Selma, IN, with a median automated valuation model (AVM) price of $227,238.00. 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, IN, 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, IN, is $264,462.00, with the most expensive house in Selma, IN, topping out at $1,376,887.00 and the cheapest home in Selma, IN, clocking in at $13,666.00. In other words, there’s something for every potential homebuyer or savvy investor in Selma, IN!

Rent Prices In Selma, IN

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Selma, IN, is on a rollercoaster ride. The average rent price in Selma, IN, is $1,186.00. Indeed, when looking to rent in Selma, IN, you can expect to pay as little as $500.00 or as much as $2,400.00, with the average rent median estimated to be $1,140.00. The good news is that finding an affordable and desirable property to rent in Selma, IN -- 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, IN 47383 Foreclosures

Market Trend for Selma, IN

Total Listings Available: 3

Market Values:

Home Prices from $13,666 to $1,376,887

Average Sales Price: $264,462

Rental Values:

Rental from $500 to $2,400

Average Rent Value: $1,186 / month

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