Is Arcadia, CA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Arcadia is a seller's market

Buyer's
Market

Difference Since September 2023

Since last year, Arcadia has remained a Seller's Market.

Key Takeaway

Arcadia is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Arcadia, CA

How much do homes in Arcadia, CA cost?

Median Sold Price

$1,415,833

$688/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2023

+$13,466(+1.0%)

Key Takeaway

Homes in Arcadia have sold for 1% more than they did a year ago.

Summary: The median home sold price in Arcadia was $1,415,833 in September 2024, up 1% from last year, and the median price per square foot was $688.

Median Sold Price By Bedroom Count

# BEDSSep 2023Sep 2024CHANGE
1 -$793K
N/A
2 $712.5K$768K
+7.8%
3 $1.1M$1.1M
+1.4%
4 $1.6M$1.6M
-0.7%
5+ $3.0M$3.3M
+9.7%

Summary: Arcadia housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 7.8%, 3 bedroom homes increased by 1.4%, 4 bedroom homes decreased by 0.7%, and 5+ bedroom homes increased by 9.7%.

Median Sold Price Compared To Nearby Cities

Temple City
+10.3%
Sierra Madre
+9.8%
Upper San Gabriel Valley
+8.7%
Arcadia
+1.0%
Monrovia
+0.8%

Housing Supply in Arcadia, CA

How many homes are available in Arcadia, CA?

Number of Homes For Sale

Aug 2024Sep 2024CHANGE
206192-6.8%

Summary: The Arcadia real estate market had 192 homes for sale in September 2024, a 6.8% decrease compared to August 2024.

Homes For Sale By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 00
0.0%
2 1517
+13.3%
3 7965
-17.7%
4 4844
-8.3%
5+ 6466
+3.1%

Summary: The Arcadia housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 13.3%, 3 bedroom homes decreased by 17.7%, 4 bedroom homes decreased by 8.3%, and 5+ bedroom homes increased by 3.1%.

Number of Homes Sold

Aug 2024Sep 2024CHANGE
4742-10.6%

Asking Price vs. Sold Price

18 Homes Were Sold
Under Asking

5 Homes Were Sold
At Asking

19 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Arcadia, you could pay more than the asking price. 45.2% of homes here sold above asking price last month.

Summary: A total of 42 homes were sold or pending in Arcadia in September 2024, down by 10.6% month-over-month. Of the 42 sold homes, 43% were sold under asking, 12% were sold at asking, and 45% were sold over asking.

Days on Market for Arcadia, CA

How long does it take to sell a home in Arcadia, CA?

Average Sale Time

Sep 2023Sep 2024CHANGE
51 Days27 Days-46.3%

Summary: Homes in Arcadia had an average of 27 days on market in Sep 2024, down by 46.3% compared to last year.

Breakdown of Home Sale Times

28 Homes Were Sold
Under 30 Days

13 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Arcadia are selling fast, if you're buying plan to act quickly.

Summary: During September 2024, 42 homes were sold in Arcadia; 67% of homes were sold within 30 days, 31% of homes were sold within 30 to 90 days, and 2% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 30 Days Ago

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