Is Selma, IN 47383 a buyer’s or seller’s market?

The Selma housing market right now

In the three months ending August 31, 2026, 20% of homes in Selma, IN 47383 sold above their list price, the typical home went under contract in 47 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. With only 5 sales, these figures can swing a lot from month to month.

Compared with the same period a year earlier, the share selling over asking fell from 29%, homes sold more slowly (11 days then) and the median sale price rose 25% to $264,885. Overall, Selma is less competitive than a year ago, which gives buyers more room.

Within Delaware County, homes here sell more slowly than in 89% of the county’s ZIP codes, and sell less often over asking than in 56%.

Nearby, buyers who want less competition could look at Muncie 47305 (8% sold over asking) or Yorktown 47396 (12% sold over asking), while Eaton 47338 (33% sold over asking) and Gaston 47342 (33% sold over asking) are even more competitive.