Buddy Blake Team · Coldwell Banker Sea Coast Advantage
Market insights: Selma
September 26, 2026
(910) 395‑1000 · buddyblake.ai
Selma: 1 in 6 Listings Didn't Sell This Year
In Selma, 129 of 154 listings sold over the last 12 months, and the typical home found a buyer in 95 days at 97.6% of the first asking price. Homes priced right from the start sold in 64 days, while those that needed price cuts sat for 136 days and still sold for less.
Which pile do you want to be in?
Out of every 20 homes listed in Selma over the last 12 months, the solid houses sold. The outlined ones expired, were withdrawn or were canceled.
Priced right from day one: sold in a median 64 days. Needed price cuts: 136 days, and sold for 94.8% of the first price.
What waiting costs
| Mortgage (principal + interest) | $1,748 |
| Property taxes | $142 |
| Homeowners insurance | $250 |
| Upkeep | $273 |
| Utilities | $250 |
| About | $2,660 |
About $2,660 every month the home sits.
Listings that didn't sell stayed on the market a median of 260 days — roughly $22,800 in holding costs, and the home still didn't sell.
An example, not a quote: 20% down, 30-year fixed at 7.03% (Freddie Mac average, 2026-09-24); Johnston County rate 0.52 per $100 (NC Department of Revenue, 2025-26 county rates); town taxes add more inside town limits; insurance, upkeep (1% of value a year) and utilities are typical estimates. If your home is paid off, the mortgage line drops out — the rest still adds up.
When contracts fall apart
Contracts that fell apart
7%
10 of about 139 before closing
Those homes that later sold
80%
20% never sold
Sold vs. first ask after a fall-through
97.3%
vs. 97.6% on the first contract
Days to sell after a fall-through
141
vs. 91 on the first contract
The MLS doesn't record why a contract ends. In our experience the most common reasons are home inspection findings, appraisals that come in below the price, and buyer financing. How buyers paid on closed sales: conventional 43% · cash 12% · VA 18% · FHA 21%.
If you're selling
- Price it right from day one. Listings priced correctly sold in 64 days versus 136 days for ones that needed cuts.
- The $300–400K range struggled most, with a 16% did-not-sell rate. Homes under $300K did best at 9%.
- Listings that never sold sat a median of 260 days, even with only a 0.1% median price cut. Sitting too long costs more than cutting early.
- If a contract falls apart, most often it's inspection, appraisal or financing issues. 80% of these homes sold later, but it took 141 more days and buyers still paid 97.3% of asking.
If you're buying
- 25 of 154 listings in Selma didn't sell over the last 12 months, so there's room to negotiate, especially in the $300–400K range where 16% didn't sell.
- Homes that need price cuts sit a lot longer, 136 days versus 64 days for priced-right listings. Patience can pay off.
- Most buyers are financing: 43% conventional, 21% FHA, 18% VA, and 12% pay cash.
Did you know?
- The typical sold home in Selma went for $327,500.
- At today's 7.03% rate, carrying a $327,500 home runs about $2,660 a month, estimated.
- A home that sits unsold for the median 260 days could rack up an estimated $22,800 in carrying costs.
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Thinking of selling in Selma? What it takes and what it costs →
For sellers
Listings that didn't sell
16%
down 9.4 pts from a year ago
25 expired, withdrawn or canceled vs 129 sold
Sold vs. first asking price
97.6%
down 1.7 pts from a year ago
median sale price ÷ original list price
Sold below first asking
64%
share of homes that sold
Price cut on homes that didn't sell
0.1%
median — and they still didn't sell
For buyers
True days on market
95
up 48 days from a year ago
median for sold homes, counted from the first listing
Typical room below first ask
2.4%
how far under the original price homes sold
Didn't sell, then sold on a relist
4%
of listings that didn't sell the first time
Median sold price
$328K
down 1.4% from a year ago
129 homes sold
The last 24 months
44% latest month · Aug 26
51 latest month · Aug 26
97.3% latest month · Aug 26
By starting price
| First asking | Sold | Didn't sell | % didn't sell | True days | Sold vs. first ask |
|---|---|---|---|---|---|
| Under $300K | 39 | 4 | 9% | 43 | 96.7% |
| $300–400K | 81 | 15 | 16% | 160 | 98.6% |
| $400–500K | 6 | 4 | 40% | 71 | 97.1% |
| $500–750K | 3 | 2 | 40% | 69 | 96.4% |
Homes only (land excluded), last 12 months unless noted. "Didn't sell" = listings that expired, were withdrawn or were canceled (some owners stop for reasons that have nothing to do with the market); true days on market counts from the first listing, even when a home was relisted. Source: Hive MLS listing and sales records, updated September 26, 2026. Totals only — no individual listing is shown. Buddy Blake Team · Coldwell Banker Sea Coast Advantage · (910) 395‑1000