Is Arcadia, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2022
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
$1,398,500
$639/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2022
Key Takeaway
Homes in Arcadia have sold for 6.8% less than they did a year ago.
Summary: The median home sold price in Arcadia was $1,398,500 in November 2023, down 6.8% from last year, and the median price per square foot was $639.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2022 | Nov 2023 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $439K | - | N/A |
| 2 Bedrooms | $750K | $725K | -3.3% |
| 3 Bedrooms | $1.2M | $1.1M | -8.0% |
| 4 Bedrooms | $1.8M | $1.7M | -8.6% |
| 5+ Bedrooms | $3.1M | $3.2M | +3.7% |
Summary: Arcadia housing prices by bedroom type for November 2023 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 3.3%, 3 bedroom homes decreased by 8%, 4 bedroom homes decreased by 8.6%, and 5+ bedroom homes increased by 3.7%.
Median Sold Price Compared To Nearby Cities
| Upper San Gabriel Valley | $947.8K | $951.9K | 0.4% |
| Temple City | $1.0M | $1.0M | -0.2% |
| Monrovia | $964.5K | $936.5K | -2.9% |
| Sierra Madre | $1.4M | $1.3M | -5.0% |
| Arcadia | $1.5M | $1.3M | -6.8% |
Housing Supply in Arcadia, CA
How many homes are available in Arcadia, CA?
Number of Homes For Sale
| Oct 2023 | Nov 2023 | CHANGE |
|---|---|---|
| 191 | 186 | -2.6% |
Summary: The Arcadia real estate market had 186 homes for sale in November 2023, a 2.6% decrease compared to October 2023.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Nov 2023 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 2 | +100.0% |
| 2 Bedrooms | 20 | 17 | -15.0% |
| 3 Bedrooms | 75 | 72 | -4.0% |
| 4 Bedrooms | 45 | 43 | -4.4% |
| 5+ Bedrooms | 50 | 52 | +4.0% |
Summary: The Arcadia housing inventory by bedroom type for November 2023 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 15%, 3 bedroom homes decreased by 4%, 4 bedroom homes decreased by 4.4%, and 5+ bedroom homes increased by 4%.
Number of Homes Sold
| Oct 2023 | Nov 2023 | CHANGE |
|---|---|---|
| 40 | 44 | +10.0% |
Asking Price vs. Sold Price
20 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
19 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Arcadia, you may be able to get a good deal. 45.5% of homes here sold below asking price last month.
Summary: A total of 44 homes were sold or pending in Arcadia in November 2023, up by 10.0% month-over-month. Of the 44 sold homes, 45% were sold under asking, 11% were sold at asking, and 43% 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
| Nov 2022 | Nov 2023 | CHANGE |
|---|---|---|
| 50 Days | 43 Days | -13.9% |
Summary: Homes in Arcadia had an average of 43 days on market in Nov 2023, down by 13.9% compared to last year.
Breakdown of Home Sale Times
31 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Arcadia are selling fast, if you're buying plan to act quickly.
Summary: During November 2023, 44 homes were sold in Arcadia; 70% of homes were sold within 30 days, 16% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.