36701
Selma, Alabama

Selma's 36701 ZIP code shows a median sale price of $156,000 with notable year-over-year appreciation of 12.2%, outpacing national averages in early 2026. However, inventory moves slowly at 118.5 days on market, nearly double the pre-pandemic national norm. Only 16% of homes sell above asking price, indicating limited bidding competition despite the positive price momentum. This combination suggests selective buyer activity rather than broad-based demand pressure across all property types and price segments.

The extended days-on-market figure favors patient buyers who can negotiate and aren't competing against multiple offers on most properties. Investors seeking cash-flow properties may find value given the low median price point and recent appreciation, though the 118.5-day absorption rate requires longer holding horizons. Sellers who renovated or maintained properties above neighborhood standards likely comprise that 16% capturing above-list premiums, while average-condition homes face longer marketing periods and standard negotiation dynamics.

The PropIQ score of 66 signals caution, suggesting current appreciation rates may not sustain through 2026-2027 without fundamental demand catalysts. The disconnect between 12.2% price growth and sluggish 118.5-day marketing times indicates potential vulnerability if economic conditions shift or if inventory increases. Monitoring monthly absorption rates and any movement in the above-list percentage will provide early signals whether this market stabilizes at current levels or experiences correction pressure in coming quarters.