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SELMA, IN 47383

Real Estate Market Report  ·  Delaware County
Balanced Market
January 2026  ·  Source: Realtor.com

Market Overview

Active Listings
12
⇧ 33.3% vs 9 last year
Pending
6
50% pending ratio
Median Price
$302,000
⇧ 8.8% vs $277,450 last year
Average Price
$503,450
⇧ 84.5% vs $272,802 last year
Days on Market
85
⇩ 6.6% vs 91 days last year

Market Context

Population: 2,864  ·  Density: 34.6/mi²  ·  Median household income: $62,321

Typical home value: $151,909  ·  Homeownership: 85.5%

Market Analysis

Data as of January 2026. Source: Realtor.com.

The SELMA, IN real estate market (47383) currently shows 12 active listings, with 6 pending sales. Homes are averaging 85 days on the market before going under contract.

Inventory has increased compared to last year, with 3 more homes available — giving buyers more choice.

Homes are selling faster, averaging 85 days on market compared to 91 days last year.

The median listing price has risen 8.8% year-over-year, from $277,450 to $302,000.

Whether you are buying or selling in SELMA, IN, SELL123.com can help you save significantly on commission — typically 2% compared to traditional 5% broker fees. Call (240) SELL-123 for a free consultation.

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Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 12 this year vs 9 last year
  • Days on market: 85 now vs 91 last year

Median & Average Pricing

Year over Year
  • Median: $302,000 (+8.8% YoY)
  • Average: $503,450 (+84.5% YoY)

12-Month Price Trend

Median & Average
  • Median and average listing prices over the past 12 months

12-Month Inventory Trend

Active & Pending
  • Active and pending listing counts over the past 12 months

Historical Trend Charts

Median Price
Average Price
Days on Market
Total Listings
Pending Listings
Active Listings
New Listings

Nearby Real Estate Markets

Median Price Legend:
< $250K
$250K–$500K
$500K–$1M
$1M–$2M
> $2M
25 Nearby Zip Code Markets within 17.5 miles — 266 listings ($54,499,017 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
47383Selma, IN 473830.0 mi12$6,041,400$302,000$503,450
47302Muncie, IN 473026.1 mi87$12,802,746$119,900$147,158
47340Farmland, IN 473407.3 mi7$1,612,800$199,900$230,400
47320Albany, IN 473208.8 mi8$2,222,512$180,000$277,814
47360Mooreland, IN 473609.3 mi3$307,500$102,500$102,500
47358Modoc, IN 4735810.4 mi1$209,900$209,900$209,900
47361Mount Summit, IN 4736112.0 mi1$159,900$159,900$159,900
47388Sulphur Springs, IN 4738813.8 mi2$459,800$229,900$229,900
47334Daleville, IN 4733414.0 mi8$3,612,800$255,000$451,600
47394Winchester, IN 4739414.7 mi28$5,564,412$182,400$198,729
47380Ridgeville, IN 4738015.3 mi5$329,500$89,900$65,900
47362New Castle, IN 4736216.2 mi99$20,201,247$174,950$204,053
47342Gaston, IN 4734217.5 mi5$974,500$194,900$194,900

Frequently Asked Questions

How many homes are for sale in SELMA, IN 47383?

As of January 2026, there are 12 active listings in SELMA, IN (zip code 47383), compared to 9 the prior year.

What is the median home price in SELMA, IN 47383?

The median listing price in SELMA, IN 47383 is $302,000 as of January 2026, a 8.8% increase from $277,450 the prior year.

How long do homes stay on the market in SELMA, IN?

Homes in SELMA, IN 47383 spend an average of 85 days on the market before going under contract, compared to 91 days the prior year.

Is it a seller's or buyer's market in SELMA, IN 47383?

Based on current inventory and days-on-market data as of January 2026, SELMA, IN 47383 is currently a Balanced Market. Inventory has increased compared to last year, with 3 more homes available — giving buyers more choice. Homes are selling faster, averaging 85 days on market compared to 91 days last year.

How much can I save on real estate commission in SELMA, IN?

With SELL123.com's maximum 3% commission, sellers in SELMA, IN 47383 save an estimated $6,040 compared to a typical 5% commission on the median listing price of $302,000. Our fee structure: 1% listing + 2% selling broker — no additional buyer or seller fees. Call (240) SELL-123 or email info@SELL123.com for a free consultation.