Is Arcadia West, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Arcadia West was a Seller's Market.
Housing Prices in Arcadia West, FL
How much do homes in Arcadia West, FL cost?
Median Sold Price
$278,000
$202/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Arcadia West was $278,000 in April 2024, down 3.3% from last year, and the median price per square foot was $202.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $310K | $422.5K | +36.3% |
2 Bedrooms | $215K | $205K | -4.7% |
3 Bedrooms | $321K | $310K | -3.4% |
4 Bedrooms | $505K | $344.3K | -31.8% |
5+ Bedrooms | $954.5K | $738K | -22.7% |
Summary: Arcadia West housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 36.3%, 2 bedroom homes decreased by 4.7%, 3 bedroom homes decreased by 3.4%, 4 bedroom homes decreased by 31.8%, and 5+ bedroom homes decreased by 22.7%.
Median Sold Price Compared To Nearby Cities
Arcadia | $235K | $245K | +4.3% |
Myakka City | $628.2K | $625K | -0.5% |
Arcadia East | $235K | $229.5K | -2.3% |
Arcadia West | $287.5K | $278K | -3.3% |
Housing Supply in Arcadia West, FL
How many homes are available in Arcadia West, FL?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
138 | 145 | +5.1% |
Summary: The Arcadia West real estate market had 145 homes for sale in April 2024, a 5.1% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 19 | 19 | 0.0% |
2 Bedrooms | 47 | 48 | +2.1% |
3 Bedrooms | 59 | 64 | +8.5% |
4 Bedrooms | 11 | 12 | +9.1% |
5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Arcadia West housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 2.1%, 3 bedroom homes increased by 8.5%, 4 bedroom homes increased by 9.1%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
18 | 17 | -5.6% |
Asking Price vs. Sold Price
15 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 17 homes were sold or pending in Arcadia West in April 2024, down by 5.6% month-over-month. Of the 17 sold homes, 88% were sold under asking, 0% were sold at asking, and 12% were sold over asking.
Days on Market for Arcadia West, FL
How long does it take to sell a home in Arcadia West, FL?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
36 Days | 65 Days | +81.0% |
Summary: Homes in Arcadia West had an average of 65 days on market in Apr 2024, up by 81% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Summary: During April 2024, 17 homes were sold in Arcadia West; 29% of homes were sold within 30 days, 35% of homes were sold within 30 to 90 days, and 35% of homes were sold over 90 days.