Is Selma, OR 97538 a buyer’s or seller’s market?
Selma is a buyer’s market. With about 8.3 months of supply, buyers usually have more time and more room to negotiate on price and terms.
The Selma housing market right now
In the three months ending August 31, 2026, 0% of homes in Selma, OR 97538 sold above their list price, the typical home went under contract in 140 days and there were 8.3 months of supply. More than six months of supply favors buyers, who usually have more time and more room 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 50%, homes sold more slowly (24 days then) and the median sale price rose 37% to $487,401. Overall, Selma is less competitive than a year ago, which gives buyers more room.
Within Josephine County, homes here sell more slowly than in 87% of the county’s ZIP codes, and sell less often over asking than in any other ZIP code in the county.
Nearby, Wilderville 97543 (33% sold over asking) and Grants Pass 97526 (16% sold over asking) are even more competitive.
Run the numbers for 97538
Nearby markets
Cave Junction 97523Buyer’s market $213 /sq ftGrants Pass 97526Balanced $251 /sq ftGrants Pass 97527Balanced $264 /sq ftKerby 97531Buyer’s market $255 /sq ft Browse all markets →Towns like Selma nearby
Find towns like Selma in other states →Where Selma is
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Questions about Selma real estate
Is Selma a buyer’s or seller’s market?
A buyer’s market: there were 8.3 months of supply in Selma, OR 97538 in the three months ending August 31, 2026. Under four months usually favors sellers, and more than six favors buyers.
How fast do homes sell in Selma?
The typical home went under contract in 140 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 90.3% of the list price.
What are property taxes in Selma?
About 0.52% of a home’s value a year in Josephine County, or roughly $2,080 on a $400,000 home.
What is the median home price in Selma?
The median sale price was $487,401 in the three months ending August 31, 2026, about $303 per square foot.
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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology