Selma, IA

Selma is a small town located in the northeast corner of Iowa. The population was just over 1,000 people in the 2010 census. Selma is home to several businesses and industries, but its real estate industry is by far its most important. Selma is a bedroom community for Des Moines and Ames, and it has seen an increase in population in recent years as people have moved into the area to take advantage of its proximity to both cities.

The real estate market in Selma is very competitive. There are a number of homes for sale, but most of them are quickly snapped up by buyers who want to live close to downtown Des Moines or Ames. Prices for homes range from around $100,000 to well over $1 million, but the median price paid for a home in Selma was just under $200,000 in 2016.

One reason why the real estate market is so competitive is that there are not many large homes available for sale in Selma. Most of the homes on the market are either single-family dwellings or condos that have been converted from commercial space. This means that buyers who want a large home need to look elsewhere in Iowa or even outside of Iowa if they want one.

One thing that has helped make the real estate market more stable than it might be otherwise is the fact that there has been an increase in demand for properties near downtown Des Moines and Ames due to those cities' growing populations and economies. This has made it easier for buyers who want to live close to those areas to find something they can afford, even if prices are higher than they would be elsewhere in Selma or Iowa overall.