Is Arcadia, AZ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Arcadia has remained a Seller's Market.
Housing Prices in Arcadia, AZ
How much do homes in Arcadia, AZ cost?
Median Sold Price
$2,500,000
$711/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Arcadia was $2,500,000 in March 2024, down 8.3% from last year, and the median price per square foot was $711.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $318K | $330K | +3.8% |
2 Bedrooms | $430K | $450K | +4.7% |
3 Bedrooms | $1.6M | $1.7M | +3.9% |
4 Bedrooms | $2.7M | $2.1M | -19.6% |
5+ Bedrooms | $3.5M | $3.4M | -1.9% |
Summary: Arcadia housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 3.8%, 2 bedroom homes increased by 4.7%, 3 bedroom homes increased by 3.9%, 4 bedroom homes decreased by 19.6%, and 5+ bedroom homes decreased by 1.9%.
Housing Supply in Arcadia, AZ
How many homes are available in Arcadia, AZ?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
40 | 40 | 0.0% |
Summary: The Arcadia real estate market had 40 homes for sale in March 2024, the same as February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 0 | -100.0% |
2 Bedrooms | 2 | 1 | -50.0% |
3 Bedrooms | 2 | 4 | +100.0% |
4 Bedrooms | 14 | 13 | -7.1% |
5+ Bedrooms | 21 | 22 | +4.8% |
Summary: The Arcadia housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes decreased by 50%, 3 bedroom homes increased by 100%, 4 bedroom homes decreased by 7.1%, and 5+ bedroom homes increased by 4.8%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
10 | 9 | -10.0% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 9 homes were sold or pending in Arcadia in March 2024, down by 10.0% month-over-month. Of the 9 sold homes, 67% were sold under asking, 22% were sold at asking, and 11% were sold over asking.
Days on Market for Arcadia, AZ
How long does it take to sell a home in Arcadia, AZ?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
100 Days | 45 Days | -54.9% |
Summary: Homes in Arcadia had an average of 45 days on market in Mar 2024, down by 54.9% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During March 2024, 9 homes were sold in Arcadia; 56% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 22% of homes were sold over 90 days.