Is Arcadia West, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Arcadia West was a Seller's Market.
Housing Prices in Arcadia West, FL
How much do homes in Arcadia West, FL cost?
Median Sold Price
$277,000
$205/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Arcadia West was $277,000 in May 2024, down 7.2% from last year, and the median price per square foot was $205.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $400K | $270K | -32.5% |
2 Bedrooms | $212.5K | $205K | -3.5% |
3 Bedrooms | $321K | $315K | -1.9% |
4 Bedrooms | $505K | $342.1K | -32.2% |
5+ Bedrooms | $954.5K | $738K | -22.7% |
Summary: Arcadia West housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 32.5%, 2 bedroom homes decreased by 3.5%, 3 bedroom homes decreased by 1.9%, 4 bedroom homes decreased by 32.2%, and 5+ bedroom homes decreased by 22.7%.
Median Sold Price Compared To Nearby Cities
Arcadia | $241K | $245K | +1.7% |
Myakka City | $624.9K | $626.1K | 0.2% |
Arcadia East | $235K | $229K | -2.6% |
Arcadia West | $298.5K | $277K | -7.2% |
Housing Supply in Arcadia West, FL
How many homes are available in Arcadia West, FL?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
119 | 104 | -12.6% |
Summary: The Arcadia West real estate market had 104 homes for sale in May 2024, a 12.6% decrease compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 10 | 8 | -20.0% |
2 Bedrooms | 41 | 36 | -12.2% |
3 Bedrooms | 58 | 50 | -13.8% |
4 Bedrooms | 9 | 9 | 0.0% |
5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Arcadia West housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 20%, 2 bedroom homes decreased by 12.2%, 3 bedroom homes decreased by 13.8%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
19 | 6 | -68.4% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 6 homes were sold or pending in Arcadia West in May 2024, down by 68.4% month-over-month. Of the 6 sold homes, 83% were sold under asking, 17% were sold at asking, and 0% were sold over asking.
Days on Market for Arcadia West, FL
How long does it take to sell a home in Arcadia West, FL?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
44 Days | 71 Days | +59.5% |
Summary: Homes in Arcadia West had an average of 71 days on market in May 2024, up by 59.5% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During May 2024, 6 homes were sold in Arcadia West; 67% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.