$9,797 Closing Credit*
$825,000
3,042 SqFt
3 Beds
•3 Full Baths, 1 Partial
Mel McGowan, Listing Office: RE/MAX at Home
Is Arcadia, OK a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since September 2023
At the same time last year, Arcadia was a Seller's Market.
Key Takeaway
Arcadia is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Arcadia, OK
How much do homes in Arcadia, OK cost?
Median Sold Price
$486,371
$197/sqft
Based on all homes sold in the last 12 months.
Difference Since September 2023
-$4,161(-0.8%)
Key Takeaway
Homes in Arcadia have sold for 0.8% less than they did a year ago.
Summary: The median home sold price in Arcadia was $486,371 in September 2024, down 0.8% from last year, and the median price per square foot was $197.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $350K | $309.5K | -11.6% |
| 2 Bedrooms | $395K | $355K | -10.1% |
| 3 Bedrooms | $435K | $335K | -23.0% |
| 4 Bedrooms | $503.2K | $526.4K | +4.6% |
| 5+ Bedrooms | $800K | $600.5K | -24.9% |
Summary: Arcadia housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 11.6%, 2 bedroom homes decreased by 10.1%, 3 bedroom homes decreased by 23%, 4 bedroom homes increased by 4.6%, and 5+ bedroom homes decreased by 24.9%.
Median Sold Price Compared To Nearby Cities
| Oklahoma City Northeast | $453.7K | $466.3K | +2.8% |
| Edmond | $359.8K | $363.1K | +0.9% |
| Arcadia | $490.5K | $486.3K | -0.8% |
Housing Supply in Arcadia, OK
How many homes are available in Arcadia, OK?
Number of Homes For Sale
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 70 | 72 | +2.9% |
Summary: The Arcadia real estate market had 72 homes for sale in September 2024, a 2.9% increase compared to August 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 1 | 3 | +200.0% |
| 3 Bedrooms | 10 | 14 | +40.0% |
| 4 Bedrooms | 35 | 32 | -8.6% |
| 5+ Bedrooms | 23 | 22 | -4.3% |
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 200%, 3 bedroom homes increased by 40%, 4 bedroom homes decreased by 8.6%, and 5+ bedroom homes decreased by 4.3%.
Number of Homes Sold
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 13 | 10 | -23.1% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Arcadia, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 10 homes were sold or pending in Arcadia in September 2024, down by 23.1% month-over-month. Of the 10 sold homes, 50% were sold under asking, 30% were sold at asking, and 20% were sold over asking.
Days on Market for Arcadia, OK
How long does it take to sell a home in Arcadia, OK?
Average Sale Time
| Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|
| 30 Days | 78 Days | +161.8% |
Summary: Homes in Arcadia had an average of 78 days on market in Sep 2024, up by 161.8% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in Arcadia are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During September 2024, 10 homes were sold in Arcadia; 30% of homes were sold within 30 days, 30% of homes were sold within 30 to 90 days, and 40% of homes were sold over 90 days.
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