Call or Text (240) SELL-123

SELMA, IN 47383

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

Market Analysis

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

The SELMA, IN real estate market (47383) currently shows 3 active listings. Homes are averaging 134 days on the market before going under contract.

Inventory has tightened compared to last year, with 1 fewer active listings — creating more competition among buyers.

Homes are taking longer to sell, averaging 134 days on market compared to 107 days last year.

The median listing price has risen 129.5% year-over-year, from $304,925 to $699,900.

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.

★ Page Sponsor
🏠
Sponsor This Market
Realtors & Brokers — reserve this page for SELMA, IN 47383 and connect with motivated buyers & sellers.
Contact SELL123.com →

Market Context

Market Context

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

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

Market Overview

Active Listings
3
⇩ 25% vs 4 last year
Pending
0
0% pending ratio
Median Price
$699,900
⇧ 129.5% vs $304,925 last year
Average Price
$686,267
⇧ 125.4% vs $304,425 last year
Days on Market
134
⇧ 25.2% vs 107 days last year

Price Per Square Foot

Median $/sqft
$195
⇧ 19.6% vs $163/sqft last year
Median Home Size
2,084 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 3 this year vs 4 last year
  • Days on market: 134 now vs 107 last year

Median & Average Pricing

Year over Year
  • Median: $699,900 (+129.5% YoY)
  • Average: $686,267 (+125.4% 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
Price Per Sqft
Price Reduced %

Nearby Real Estate Markets

Median Price Legend:
< $250K
$250K–$500K
$500K–$1M
$1M–$2M
> $2M
25 Nearby Zip Code Markets within 17.5 miles — 258 listings ($51,436,523 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
47383Selma, IN 473830.0 mi5$3,550,355$607,400$710,071
47302Muncie, IN 473026.1 mi90$14,151,960$116,225$157,244
47340Farmland, IN 473407.3 mi9$2,052,108$194,900$228,012
47320Albany, IN 473208.8 mi12$2,805,504$197,500$233,792
47360Mooreland, IN 473609.3 mi4$566,284$166,875$141,571
47358Modoc, IN 4735810.4 mi2$314,850$157,425$157,425
47361Mount Summit, IN 4736112.0 mi1$159,900$159,900$159,900
47388Sulphur Springs, IN 4738813.8 mi3$664,749$224,900$221,583
47334Daleville, IN 4733414.0 mi9$3,774,213$255,000$419,357
47394Winchester, IN 4739414.7 mi26$5,227,430$187,425$201,055
47380Ridgeville, IN 4738015.3 mi4$243,732$75,000$60,933
47362New Castle, IN 4736216.2 mi89$17,313,170$162,975$194,530
47342Gaston, IN 4734217.5 mi4$612,268$172,425$153,067

Frequently Asked Questions

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

As of March 2026, there are 3 active listings in SELMA, IN (zip code 47383), compared to 4 the prior year.

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

The median listing price in SELMA, IN 47383 is $699,900 as of March 2026, a 129.5% increase from $304,925 the prior year.

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

Homes in SELMA, IN 47383 spend an average of 134 days on the market before going under contract, compared to 107 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 March 2026, SELMA, IN 47383 is currently a Balanced Market. Inventory has tightened compared to last year, with 1 fewer active listings — creating more competition among buyers. Homes are taking longer to sell, averaging 134 days on market compared to 107 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 $13,998 compared to a typical 5% commission on the median listing price of $699,900. 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.