Selma, VA Foreclosures
How much do homes sell for in Selma, VA?
The average home price is currently $142,074.
In Selma, VA, how many homes are available?
There are currently 1 active home listings available in Selma.
What’s the average rental cost in Selma, VA?
The average rental price in Selma is $812.
What is the most expensive home in Selma?
The most expensive home sold in Selma had a price of $6,163,600.
What is currently the cheapest priced home in Selma, VA?
The cheapest home for sale in Selma is priced at $20,118.
Living in Selma, VA
Selma, VA, is a quaint town nestled in the Alleghany Mountains, characterized by its stunning natural beauty and friendly community. It offers a slower pace of life with plenty of outdoor activities, historical sites, and local events. Residents appreciate the balance of rural charm with convenient access to amenities and services.
Current Market Conditions in Selma, VA
The real estate market in Selma is currently on a steady rise, with demand increasing for single-family homes and charming historic properties. Buyers are drawn to the town's natural beauty and welcoming community, leading to an uptick in listings and sales. The average home price has seen gradual growth, reflecting the desirability of the area among those seeking a peaceful retreat or second home in the mountains.
Properties tend to sell relatively quickly in Selma, as many buyers are looking for homes that provide not only a comfortable living space but also access to outdoor activities like hiking, fishing, and exploring the local landscape. The influx of buyers has created a competitive market, though prices remain relatively affordable compared to larger urban areas.
Home Value Estimator For Selma, VA
There are currently 210 real estate properties
in Selma, VA,
with a median automated valuation model (AVM) price
of $103,528.00. 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, VA, 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, VA,
is $142,074.00, with the most expensive house
in Selma, VA, topping out
at $6,163,600.00 and the cheapest home
in Selma, VA,
clocking in at $20,118.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Selma, VA!
Rent Prices
In Selma, VA
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Selma, VA, is on
a rollercoaster ride. The
average rent price in Selma, VA,
is $812.00. Indeed, when looking to rent in
Selma, VA, you can expect to pay as little
as $460.00 or as much
as $1,270.00,
with the average rent median estimated to
be $790.00. The good news is that finding
an affordable and desirable property to rent in Selma, VA
-- 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.
Learn more on Foreclosure homes
