Selma, VA Foreclosures
How much do homes sell for in Selma, VA?
The average home price is currently $142,210.
In Selma, VA, how many homes are available?
There are currently 12 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 $6,139,100.
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
Nestled in the Allegheny Highlands, Selma, VA, is a tranquil small town that offers a welcoming community and beautiful outdoor spaces. Residents can enjoy a slower-paced lifestyle, with access to excellent schools and essential amenities. Selma's picturesque environment is perfect for those who appreciate nature and wish to escape the hustle of urban life.
Current Market Conditions in Selma, VA
The Selma, VA real estate market is currently showing signs of steady growth, with interest rates remaining favorable for buyers. The inventory of homes for sale is relatively low compared to demand, which has led to a competitive atmosphere among potential buyers. Homes typically sell quickly, especially those that are well-maintained or newly renovated.
Recent trends indicate that suburban living is becoming increasingly desirable, with more people looking to relocate from larger cities in search of space and natural beauty. This demand is pushing home values upward, particularly in sought-after neighborhoods with good schools and amenities.
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 $105,271.00. 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 $142,210.00, with the most expensive house
in Selma, VA, topping out
at $6,139,100.00 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
