36761
Selma, Alabama
Selma 36761 needs watching.
The 36761 ZIP code in Selma, Alabama has a median sale price of $320K, down N/A year-over-year. Homes spend an average of 165 days on market, with 0% of homes selling above list price.
Folio's PropIQ™ score of 45 signals Caution conditions. Elevated price drops and longer days on market indicate softening in 36761.
The Selma 36761 market shows stagnation with a median sale price of $320,000 holding flat year-over-year as of November 2024. Properties are languishing with an average 165 days on market, nearly triple the national median of roughly 60 days. The complete absence of homes selling above list price signals zero competitive pressure, indicating buyers maintain full negotiating leverage in this 320K price segment with no urgency driving transactions.
These conditions favor patient buyers with financing secured who can absorb extended closing timelines and negotiate below asking prices. Cash investors seeking rental properties may find opportunities, though the 165-day absorption rate suggests weak demand that could impact rental velocity. Sellers face challenging prospects and should avoid this market unless relocation or financial circumstances force action, as the flat pricing and extended DOM indicate no near-term appreciation potential.
The PropIQ score of 45/100 confirms caution is warranted, signaling below-average market health with elevated transaction risk. Watch for further DOM extension beyond 165 days, which would indicate deepening illiquidity, or potential price decline if the current stalemate breaks downward. Without competitive bidding activity emerging or DOM compression below 120 days, this market lacks the momentum indicators that precede recovery.
What is the median home price in 36761 Selma?
The median sale price in 36761 is $320K, down N/A year-over-year as of 2024-11-30.
How long do homes stay on the market in Selma 36761?
Homes in 36761 Selma spend an average of 165 days on market before going under contract.
Is Selma 36761 a good place to invest in real estate?
Folio's PropIQ™ score for 36761 is 45/100 — a Caution signal. 0% of homes sold above asking.
What does a PropIQ™ score of 45 mean for 36761?
PropIQ™ is Folio's proprietary market score combining price momentum, days-on-market velocity, inventory absorption, and investment signals into a 0–100 number. Score of 45 = Caution in 36761 Selma, Alabama.