diff --git a/databases/core.py b/databases/core.py
index b3c2b440..20d9a0b5 100644
--- a/databases/core.py
+++ b/databases/core.py
@@ -331,6 +331,8 @@ def _build_query(
 
             return query.bindparams(**values) if values is not None else query
         elif values:
+            if query.is_selectable:
+                return query.params(**values)
             return query.values(**values)
 
         return query
diff --git a/tests/test_databases.py b/tests/test_databases.py
index 8c99f547..a334f865 100644
--- a/tests/test_databases.py
+++ b/tests/test_databases.py
@@ -143,6 +143,16 @@ def run_sync(*args, **kwargs):
 
     return run_sync
 
+@pytest.mark.parametrize("database_url", DATABASE_URLS)
+@async_adapter
+async def test_selectable_queries_with_params(database_url):
+    async with Database(database_url) as database:
+        async with database.transaction(force_rollback=True):
+            param = sqlalchemy.bindparam('price')
+            query = sqlalchemy.select([prices]).where(prices.c.price < param)
+            rows = await database.fetch_all(query=query, values={'price': 10})
+            list(rows)
+
 
 @pytest.mark.parametrize("database_url", DATABASE_URLS)
 @mysql_versions