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Short Sale Listings in Selma, IN

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Living in Selma, IN

Selma, IN is a charming small town that offers a friendly community atmosphere and access to nature. Residents can enjoy a quiet lifestyle with local amenities and have the benefit of larger nearby cities for additional opportunities. Ideal for families and individuals looking for peace and tranquility.

Current Market Conditions in Selma, IN

Selma's real estate market has shown steady growth over the past year, with an influx of new families moving to the town for its affordable housing and strong community. The town's home values have appreciated, reflecting a heightened interest in the area as a desirable place to live.

Current trends suggest that first-time homebuyers are particularly attracted to Selma, leading to increased competition for available listings. The average time on the market for homes has decreased, indicating a robust demand for residences in this quaint town.

Home Value Estimator For Selma, IN

There are currently 1,017 real estate properties in Selma, IN, with a median automated valuation model (AVM) price of $225,879.00. 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 $260,345.00, with the most expensive house in Selma, IN, topping out at $1,294,230.00 and the cheapest home in Selma, IN, clocking in at $18,585.00. 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 $1,191.00. 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 $1,150.00. 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 Short Sale Listings


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