Is Selmer, TN 38375 a buyer’s or seller’s market?

The Selmer housing market right now

In the three months ending August 31, 2026, 7% of homes in Selmer, TN 38375 sold above their list price, the typical home went under contract in 91 days and there were 4.5 months of supply. Four to six months of supply is a balanced market, where pricing and condition decide how much room there is to negotiate. That’s based on 28 home sales.

Compared with the same period a year earlier, the share selling over asking was about the same (6% then), homes sold more slowly (73 days then) and the median sale price rose 10% to $173,925. Overall, Selmer is less competitive than a year ago, which gives buyers more room.

Within McNairy County, homes here sell more slowly than in any other ZIP code in the county, and sell more often over asking than in 57%. On our competition score, Selmer ranks #243 of 299 TN ZIP codes with enough sales (score 18 out of 100).

Nearby, buyers who want less competition could look at Stantonville 38379 (0% sold over asking) or Michie 38357 (0% sold over asking), while Guys 38339 (100% sold over asking) and Ramer 38367 (67% sold over asking) are even more competitive.