Selmer, TN Home Values & Market Trends
Real estate market trends reflect that there have been 99 transactions over the past year in Selmer. The median value for residential home transactions that occurred over the previous year is $199,450. The number of current listings in Selmer is 126, and the percentage of properties for sale in the city is 126.00%. Selmer, TN currently has 6 properties in foreclosure, 1 bank owned properties, 5 properties headed for auction, and 126 properties for sale.
Selmer, TN Real Estate Market Overview
| Zip | Median Est. Value |
|---|---|
| 38375 | $ 199,450 $ 128/sqft |
Housing Market Summary for Selmer, TN
| Sep 2025 | September 2026 | Change | |
|---|---|---|---|
| Median Listing Price | $268K | $212.5K | -20.71% |
| Median Sold Price | $161.1K | $97,225 | -39.67% |
| Homes For Sale | 99 | 125 | 26.26% |
| Homes Sold | 44 | 21 | -52.27% |
Price Per Square Foot
On an average, Single Family homes cost $33 more per sqft than Condos. In comparison with sales price/sqft last week, list price/sqft of Single Family homes increased by 1.93% whereas, list price/sqft of Condos increased by 9.38%.
Recently Sold Homes
Explore recent offers and recently sold homes in Selmer, TN
Browse Homes in Selmer, TN
Selmer home values range from $29,002 to $1,250,000. The median estimated value of a home in Selmer is $199,450. The median list price of a home is 206,200, and the total count of properties in the city is 163.
- Pre-ForeclosurePre-foreclosure homes account for 0% of all residential properties in Selmer, TN with $[pre-foreclosures-highest-count-region] containing 0 pre-foreclosures, the highest number of pre-foreclosure properties in a single zip. There is 1 zips within Selmer, TN; of that zips, the estimated home value for pre-foreclosure homes ranges from $0 in N/A to the lowest home value of $0 in $[pre-foreclosures-lowest-avm-region].
- Bank OwnedThe median estimated home value of bank owned homes (REO properties) in Selmer, TN ranges from the highest value of $210,439 in 38375 to the lowest value of $210,439 in 38375. Bank owned homes and properties account for 0.61% of properties in Selmer, TN. There is 1 zips within Selmer, TN; 38375 containing 1 REO properties, has the highest number of bank owned properties in a single zip.
- Auctions38375 has 5 auction properties, the highest number of properties going to auction in a single zip in the state of Selmer, TN. Auction homes and other auction properties account for 3.07% of all properties in Selmer, TN. There is 1 zips within Selmer, TN; of that zips, the median estimated home value for homes going to auction ranges from $283,560 in 38375 to the lowest value of $100,495 in 38375.
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Guide for Selmer, TN
Foreclosure is a term that can sometimes lead to confusion for those looking to make a real estate investment. In simple terms, it refers to the process where a lender takes possession of a property after the owner fails to keep up with their mortgage payments. When it comes to land, this means that buyers […]
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