Buddy Blake Team · Coldwell Banker Sea Coast Advantage
Market insights: Selma
October 22, 2026
(910) 395‑1000 · buddyblake.com
Selma: 1 in 6 homes didn't sell, down from 24%
In Selma over the last 12 months, 154 homes came off the market and 24 of them didn't sell. That's 16%, or 1 in 6, down from 24% the year before. Homes that sold took a typical 89 days and went for 97.7% of the first asking price.
Summary written October 17, 2026 from that day's numbers. The figures in the tiles update every hour, so they can differ slightly.
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 or were canceled.
Priced right from day one: sold in a median 72 days. Needed price cuts: 116 days, and sold for 94.8% of the first price.
What waiting costs
| Property taxes | $143 |
| Homeowners insurance | $250 |
| Upkeep | $275 |
| Utilities | $250 |
| Your mortgage payment | if you have one |
| About | $913 + mortgage |
About $913 every month the home sits — plus your mortgage payment.
Listings that didn't sell stayed on the market a median of 221 days — roughly $6,664 in taxes, insurance, upkeep and utilities alone, and the home still didn't sell.
An example, not a quote: 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.
When contracts fall apart
Contracts that fell apart
7%
10 of about 141 before closing
Those homes that later sold
80%
20% never sold
Sold vs. first ask after a fall-through
97.3%
vs. 97.7% on the first contract
Days to sell after a fall-through
94
vs. 95 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 42% · cash 12% · VA 19% · FHA 21%.
If you're selling
- Price it right from day one. The 75 homes priced right sold in a typical 64 days. The 55 that needed cuts took 116 days and sold at 94.8% of asking.
- Listings that never sold got a median price cut of just 0.1% and sat a median 221 days. Small, late moves don't work.
- The $300–400K range struggled most, with 16% not selling. Under $300K did best at 9%. The median sold price was $329,803, so many Selma sellers are right in that tougher range.
- Waiting costs money. On a typical home, carrying costs are estimated at about $913 a month before mortgage, and about $6,664 while a home sits unsold.
If you're buying
- There's room to negotiate. 65% of Selma homes sold below their first asking price, and the median was 97.7% of it.
- Homes that sit are the best place to look. Listings that never sold had a median of 221 days on the market with almost no price change.
- Buyers here pay in different ways: 42% conventional, 21% FHA, 19% VA and 12% cash.
Did you know?
- In Selma, 65% of homes sold below their first asking price.
- A contract that falls apart isn't the end for that home. In Selma, 80% of them later sold.
- Under $300K had the lowest share of homes that didn't sell in Selma, at 9%.
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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 8.2 pts from a year ago
24 expired or canceled vs 131 sold
Sold vs. first asking price
97.7%
down 1.1 pts from a year ago
median sale price ÷ original list price
Sold below first asking
66%
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 45 days from a year ago
median for sold homes, counted from the first listing
Typical room below first ask
2.3%
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
$330K
about the same as a year ago
131 homes sold
The last 24 months
21% latest month · Sep 26
87 latest month · Sep 26
98.0% latest month · Sep 26
By starting price
| First asking | Sold | Didn't sell | % didn't sell | True days | Sold vs. first ask |
|---|---|---|---|---|---|
| Under $300K | 40 | 4 | 9% | 48 | 96.8% |
| $300–400K | 78 | 15 | 16% | 157 | 98.9% |
| $400–500K | 8 | 3 | 27% | 82 | 97.6% |
| $500–750K | 5 | 2 | 29% | 55 | 96.4% |
Homes only (land excluded), last 12 months unless noted. "Didn't sell" = listings that expired or were canceled — withdrawn and on-hold listings are not counted (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 October 22, 2026. Totals only — no individual listing is shown. Buddy Blake Team · Coldwell Banker Sea Coast Advantage · (910) 395‑1000