Is Arcadia, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, Arcadia was a Neutral Market.
Key Takeaway
Arcadia is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Arcadia, FL
How much do homes in Arcadia, FL cost?
Median Sold Price
$235,000
$180/sqft
Based on all homes sold in the last 12 months.
The Median Sold Price hasn't changed since March 2023.
Key Takeaway
The sold price of homes in Arcadia has remained the same since last year.
Summary: The median home sold price in Arcadia was $235,000 in March 2024, the same as last year, and the median price per square foot was $180.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $265K | $411.5K | +55.3% |
| 2 Bedrooms | $147.5K | $165K | +11.9% |
| 3 Bedrooms | $235K | $261K | +11.1% |
| 4 Bedrooms | $307.5K | $275K | -10.6% |
| 5+ Bedrooms | $300K | $375.5K | +25.2% |
Summary: Arcadia housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 55.3%, 2 bedroom homes increased by 11.9%, 3 bedroom homes increased by 11.1%, 4 bedroom homes decreased by 10.6%, and 5+ bedroom homes increased by 25.2%.
Median Sold Price Compared To Nearby Cities
| Arcadia | $235K | $235K | 0.0% |
| Arcadia West | $285K | $279K | -2.1% |
| Arcadia East | $235K | $228K | -3.0% |
Housing Supply in Arcadia, FL
How many homes are available in Arcadia, FL?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 154 | 174 | +13.0% |
Summary: The Arcadia real estate market had 174 homes for sale in March 2024, a 13.0% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 24 | 25 | +4.2% |
| 2 Bedrooms | 32 | 34 | +6.3% |
| 3 Bedrooms | 77 | 91 | +18.2% |
| 4 Bedrooms | 16 | 21 | +31.3% |
| 5+ Bedrooms | 5 | 3 | -40.0% |
Summary: The Arcadia housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 4.2%, 2 bedroom homes increased by 6.3%, 3 bedroom homes increased by 18.2%, 4 bedroom homes increased by 31.3%, and 5+ bedroom homes decreased by 40%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 15 | 31 | +106.7% |
Asking Price vs. Sold Price
20 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Arcadia, you may be able to get a good deal. 64.5% of homes here sold below asking price last month.
Summary: A total of 31 homes were sold or pending in Arcadia in March 2024, up by 106.7% month-over-month. Of the 31 sold homes, 65% were sold under asking, 19% were sold at asking, and 16% were sold over asking.
Days on Market for Arcadia, FL
How long does it take to sell a home in Arcadia, FL?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 38 Days | 79 Days | +104.2% |
Summary: Homes in Arcadia had an average of 79 days on market in Mar 2024, up by 104.2% compared to last year.
Breakdown of Home Sale Times
14 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
11 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, 31 homes were sold in Arcadia; 45% of homes were sold within 30 days, 19% of homes were sold within 30 to 90 days, and 35% of homes were sold over 90 days.
Listings courtesy of Stellar MLS as distributed by MLS GRID.
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The data relating to real estate for sale on this website comes in part from the Southwest Florida Multiple Listing Service. The information being provided is for consumers` personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information has not been verified, is not guaranteed, and is subject to change. Real estate listings held by other brokerage firms other are marked with the IDX logo and detailed information about them includes the name of the listing brokers.
© 2024 Miami Association of REALTORS®. All rights reserved. The data relating to real estate on this web site comes in part from the Internet Data Exchange program of the MLS of the Miami Association of REALTORS®. All information is deemed reliable but not guaranteed by the MLS and should be independently verified. The MLS, this broker and their affiliates provide all content therein “AS IS” and without any warranty, express or implied. The information included in this listing is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. This property is offered without respect to any protected classes in accordance with the law.