Is Selmer, TN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Last month, Selmer was a Buyer's Market.
Key Takeaway
Selmer is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Selmer, TN
How much do homes in Selmer, TN cost?
Median Sold Price
$155,000
$101/sqft
Based on all homes sold in April 2024.
Difference Since Last Month
Key Takeaway
Homes in Selmer have sold for 36.7% less than they did a month ago.
Summary: The median home sold price in Selmer was $155,000 in April 2024, down 36.7% from last month, and the median price per square foot was $101.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | $151K | N/A |
| 3 Bedrooms | $222.5K | $145K | -34.8% |
| 4 Bedrooms | $393K | $248.8K | -36.7% |
| 5+ Bedrooms | - | - | N/A |
Summary: Selmer housing prices by bedroom type for April 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes decreased by 34.8%, 4 bedroom homes decreased by 36.7%, and 5+ bedroom homes did not change.
Housing Supply in Selmer, TN
How many homes are available in Selmer, TN?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 40 | 44 | +10.0% |
Summary: The Selmer real estate market had 44 homes for sale in April 2024, a 10.0% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 7 | 8 | +14.3% |
| 3 Bedrooms | 21 | 23 | +9.5% |
| 4 Bedrooms | 10 | 11 | +10.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Selmer housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 14.3%, 3 bedroom homes increased by 9.5%, 4 bedroom homes increased by 10%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 3 | 9 | +200.0% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Selmer, you may be able to get a good deal. 77.8% of homes here sold below asking price last month.
Summary: A total of 9 homes were sold or pending in Selmer in April 2024, up by 200.0% month-over-month. Of the 9 sold homes, 78% were sold under asking, 11% were sold at asking, and 11% were sold over asking.
Days on Market for Selmer, TN
How long does it take to sell a home in Selmer, TN?
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Selmer are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 9 homes were sold in Selmer; 11% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
Listings courtesy of RealTracs Middle Tennessee Regional MLS as distributed by MLS GRID.
© 2024 of the REALTRACS MLS. All rights Reserved.