Is Selma, VA 24474 a buyer’s or seller’s market?

3 months ending August 31, 2026 · Source: Redfin

Selma is a balanced market. With about null months of supply, well-priced homes can still draw more than one offer, but buyers have some room to negotiate.

Months of supply—Under 4 months = seller’s market

Sold above original list0%Share of sales, last 3 months

Median sale-to-list100%Sold price ÷ list price

Median days on market350Listing to accepted offer

Median price per sq ft$43

The Selma housing market right now

In the three months ending August 31, 2026, 0% of homes in Selma, VA 24474 sold above their list price and the typical home went under contract in 350 days. With only 2 sales, these figures can swing a lot from month to month.

Nearby, Clifton Forge 24422 (12% sold over asking) and Covington 24426 (10% sold over asking) are even more competitive.

About the area

Alleghany County, VA

Population	146
Average income	$53,157
Median home value	$93,100
Owner-occupied	100% of homes
Median year built	1941

Natural hazard riskWinter storms (moderate)

Source: U.S. Census Bureau, American Community Survey 2020–2024 5-year estimates (household income; home value as estimated by owners), ZIP code tabulation area 24474; hazard risk from the FEMA National Risk Index for the census tracts in this ZIP code (not endorsed by FEMA).

Run the numbers for 24474

Prefilled for 24474Can I win this house?Multiple-offer likelihood for a listing Prefilled for 24474Over-asking calculatorTypical range over list ToolOffer strength scoreHow your offer looks to a seller ToolAppraisal gapCash needed if it appraises low

Nearby markets

Clifton Forge 24422Seller’s market $80 /sq ft Covington 24426Balanced $121 /sq ft Iron Gate 24448Seller’s market $93 /sq ft Browse all markets →

Where Selma is

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Questions about Selma real estate

How fast do homes sell in Selma?

The typical home went under contract in 350 days in the latest three months.

Do homes in Selma sell over asking?

0% of homes sold above their original list price, and the typical sale closed at 100.0% of the list price.

What are property taxes in Selma?

About 0.79% of a home’s value a year in Alleghany County, or roughly $3,160 on a $400,000 home.

What is the median home price in Selma?

The median sale price was $128,195 in the three months ending August 31, 2026, about $43 per square foot.

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More tools for 24474

Competition score Buyer leverage Negotiation room Compare with other ZIP codes True cost to buy Property taxes Closing costs Cash buyers Backup offer odds Home value Alleghany County property taxes Alleghany County loan limits Closing costs in Virginia Hottest ZIP codes in Virginia

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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology