Is Arcadia, CA 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.
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
$1,412,000
$658/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Arcadia have sold for 2.6% less than they did a year ago.
Summary: The median home sold price in Arcadia was $1,412,000 in March 2024, down 2.6% from last year, and the median price per square foot was $658.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $590K | $1.4M | +141.5% |
| 2 Bedrooms | $745K | $750K | +0.7% |
| 3 Bedrooms | $1.1M | $1.1M | 0.4% |
| 4 Bedrooms | $1.7M | $1.7M | -5.3% |
| 5+ Bedrooms | $3.1M | $3.2M | +5.0% |
Summary: Arcadia housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 141.5%, 2 bedroom homes increased by 0.7%, 3 bedroom homes increased by 0.4%, 4 bedroom homes decreased by 5.3%, and 5+ bedroom homes increased by 5%.
Median Sold Price Compared To Nearby Cities
| Temple City | $968K | $1.0M | +11.1% |
| Upper San Gabriel Valley | $941.6K | $985.4K | +4.7% |
| Monrovia | $953K | $930K | -2.4% |
| Arcadia | $1.4M | $1.4M | -2.6% |
| Sierra Madre | $1.4M | $1.3M | -3.5% |
Housing Supply in Arcadia, CA
How many homes are available in Arcadia, CA?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 152 | 166 | +9.2% |
Summary: The Arcadia real estate market had 166 homes for sale in March 2024, a 9.2% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 21 | 16 | -23.8% |
| 3 Bedrooms | 57 | 63 | +10.5% |
| 4 Bedrooms | 35 | 44 | +25.7% |
| 5+ Bedrooms | 38 | 42 | +10.5% |
Summary: The Arcadia 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 decreased by 23.8%, 3 bedroom homes increased by 10.5%, 4 bedroom homes increased by 25.7%, and 5+ bedroom homes increased by 10.5%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 29 | 42 | +44.8% |
Asking Price vs. Sold Price
22 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
15 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Arcadia, you may be able to get a good deal. 52.4% of homes here sold below asking price last month.
Summary: A total of 42 homes were sold or pending in Arcadia in March 2024, up by 44.8% month-over-month. Of the 42 sold homes, 52% were sold under asking, 12% were sold at asking, and 36% 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
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 67 Days | 46 Days | -31.0% |
Summary: Homes in Arcadia had an average of 46 days on market in Mar 2024, down by 31% compared to last year.
Breakdown of Home Sale Times
24 Homes Were Sold
Under 30 Days
10 Homes Were Sold
In 30 - 90 Days
8 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 March 2024, 42 homes were sold in Arcadia; 57% of homes were sold within 30 days, 24% of homes were sold within 30 to 90 days, and 19% 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.