Selma Housing Market Report – May 2026
Here's a look at how the Selma, CA real estate market performed in May 2026, based on actual sold data from the MLS.
Market Snapshot
- Homes Sold: 16
- Median Sale Price: $349,950
- Average Sale Price: $372,431
- Average Price Per Sq Ft: $250
- Average Days on Market: 73
- Sale-to-List Price Ratio: 100.3%
Month-Over-Month Trends
Compared to April, the median sale price in Selma moved 2.8% down (from $360,000 to $349,950). The number of homes sold was 23.1% up compared to the prior month (13 vs. 16). Average days on market shifted 28.4% down (102 days to 73 days).
Year-Over-Year Comparison
Compared to May 2025, the median sale price is 14.6% down (from $410,000 to $349,950). Sales volume is 23.1% up year-over-year.
What This Means
Selma's housing market is showing some encouraging momentum as we head into summer. Sales activity picked up significantly in May with 16 homes sold, though this uptick likely reflects improved data collection rather than a dramatic shift in buyer interest. More telling is the acceleration in how quickly homes are selling—average days on market dropped from 102 to 73 days, suggesting properties are moving more efficiently than earlier in the year. This faster turnover combined with homes selling slightly above list price (100.3% ratio) indicates genuine buyer demand.
However, the year-over-year price decline of 14.6% reveals the broader reality: Selma remains a buyer's market compared to May 2025. The median price of $349,950 reflects where affordability has settled after the rate environment and broader market conditions cooled from the previous year's peaks. The gap between active listings at a median asking price of $489,500 and actual sales around $350,000 suggests sellers may still be adjusting expectations as the market finds its equilibrium.
Overall, this is a stabilizing market. Prices aren't rebounding dramatically, but the trend has shifted from stagnation toward healthy movement. For buyers, conditions are favorable with good inventory and negotiating power still present.
Selma Sales by Zip Code
| Zip Code | Homes Sold | Median Price | Avg $/SqFt | Avg DOM |
|---|---|---|---|---|
| 93662 | 16 | $349,950 | $250 | 73 |
Sales by Property Type
| Property Type | Homes Sold | Median Price | Avg $/SqFt |
|---|---|---|---|
| SINGLE_FAMILY | 14 | $349,950 | $250 |
| FARM | 1 | $500,000 | N/A |
| OTHER | 1 | $20,000 | N/A |
Sales by Price Range
| Price Range | Homes Sold |
|---|---|
| Under $100K | 1 |
| $200K - $299K | 1 |
| $300K - $399K | 9 |
| $400K - $499K | 1 |
| $500K - $749K | 4 |
Current Active Listings
As of this report, there are 62 active listings in Selma with a median asking price of $489,500 and an average of 105 days on market.
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