Is Selmer, TN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Selmer was a Seller's Market.
Housing Prices in Selmer, TN
How much do homes in Selmer, TN cost?
Median Sold Price
$165,700
$101/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Selmer was $165,700 in May 2024, up 18.4% from last year, and the median price per square foot was $101.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $50K | N/A |
2 Bedrooms | $76.5K | $131K | +71.2% |
3 Bedrooms | $176.2K | $175K | -0.7% |
4 Bedrooms | $250K | $250K | 0.0% |
5+ Bedrooms | $269K | $235K | -12.6% |
Summary: Selmer housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 71.2%, 3 bedroom homes decreased by 0.7%, 4 bedroom homes did not change, and 5+ bedroom homes decreased by 12.6%.
Housing Supply in Selmer, TN
How many homes are available in Selmer, TN?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
42 | 41 | -2.4% |
Summary: The Selmer real estate market had 41 homes for sale in May 2024, a 2.4% decrease compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 8 | 7 | -12.5% |
3 Bedrooms | 22 | 21 | -4.5% |
4 Bedrooms | 10 | 10 | 0.0% |
5+ Bedrooms | 1 | 2 | +100.0% |
Summary: The Selmer housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 12.5%, 3 bedroom homes decreased by 4.5%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
9 | 5 | -44.4% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 5 homes were sold or pending in Selmer in May 2024, down by 44.4% month-over-month. Of the 5 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Selmer, TN
We’re sorry, we don't have information for this market at the moment