Is Arcadia Lite, 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 Lite has remained a Seller's Market.
Housing Prices in Arcadia Lite, AZ
How much do homes in Arcadia Lite, AZ cost?
Median Sold Price
$875,000
$470/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Arcadia Lite was $875,000 in March 2024, up 15.8% from last year, and the median price per square foot was $470.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $289.9K | $262.7K | -9.4% |
2 Bedrooms | $400K | $395K | -1.3% |
3 Bedrooms | $825K | $779.5K | -5.5% |
4 Bedrooms | $1.5M | $1.5M | -0.3% |
5+ Bedrooms | $2.0M | $2.1M | +5.0% |
Summary: Arcadia Lite housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 9.4%, 2 bedroom homes decreased by 1.3%, 3 bedroom homes decreased by 5.5%, 4 bedroom homes decreased by 0.3%, and 5+ bedroom homes increased by 5%.
Housing Supply in Arcadia Lite, AZ
How many homes are available in Arcadia Lite, AZ?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
65 | 84 | +29.2% |
Summary: The Arcadia Lite real estate market had 84 homes for sale in March 2024, a 29.2% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 5 | 5 | 0.0% |
2 Bedrooms | 19 | 25 | +31.6% |
3 Bedrooms | 16 | 25 | +56.3% |
4 Bedrooms | 19 | 21 | +10.5% |
5+ Bedrooms | 6 | 8 | +33.3% |
Summary: The Arcadia Lite housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 31.6%, 3 bedroom homes increased by 56.3%, 4 bedroom homes increased by 10.5%, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
12 | 18 | +50.0% |
Asking Price vs. Sold Price
11 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 18 homes were sold or pending in Arcadia Lite in March 2024, up by 50.0% month-over-month. Of the 18 sold homes, 61% were sold under asking, 28% were sold at asking, and 11% were sold over asking.
Days on Market for Arcadia Lite, AZ
How long does it take to sell a home in Arcadia Lite, AZ?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
82 Days | 39 Days | -52.0% |
Summary: Homes in Arcadia Lite had an average of 39 days on market in Mar 2024, down by 52% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During March 2024, 18 homes were sold in Arcadia Lite; 50% of homes were sold within 30 days, 39% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.