Is Arcadia, OK 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 was a Seller's Market.
Key Takeaway
Arcadia is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Arcadia, OK
How much do homes in Arcadia, OK cost?
Median Sold Price
$468,765
$191/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Arcadia have sold for 13.3% less than they did a year ago.
Summary: The median home sold price in Arcadia was $468,765 in April 2024, down 13.3% from last year, and the median price per square foot was $191.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $340K | $370K | +8.8% |
| 2 Bedrooms | $312.5K | $355K | +13.6% |
| 3 Bedrooms | $499.6K | $320K | -36.0% |
| 4 Bedrooms | $575K | $478.2K | -16.8% |
| 5+ Bedrooms | $987.7K | $603K | -38.9% |
Summary: Arcadia housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 8.8%, 2 bedroom homes increased by 13.6%, 3 bedroom homes decreased by 36%, 4 bedroom homes decreased by 16.8%, and 5+ bedroom homes decreased by 38.9%.
Median Sold Price Compared To Nearby Cities
| Edmond | $353.1K | $357K | +1.1% |
| Oklahoma City Northeast | $475K | $451.9K | -4.8% |
| Arcadia | $540.5K | $468.7K | -13.3% |
Housing Supply in Arcadia, OK
How many homes are available in Arcadia, OK?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 50 | 70 | +40.0% |
Summary: The Arcadia real estate market had 70 homes for sale in April 2024, a 40.0% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 4 | +300.0% |
| 2 Bedrooms | 2 | 1 | -50.0% |
| 3 Bedrooms | 17 | 17 | 0.0% |
| 4 Bedrooms | 21 | 29 | +38.1% |
| 5+ Bedrooms | 9 | 19 | +111.1% |
Summary: The Arcadia housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 300%, 2 bedroom homes decreased by 50%, 3 bedroom homes remained the same, 4 bedroom homes increased by 38.1%, and 5+ bedroom homes increased by 111.1%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 8 | 11 | +37.5% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Arcadia, expect to pay close to the asking price. 54.5% of homes here sold near the asking price last month.
Summary: A total of 11 homes were sold or pending in Arcadia in April 2024, up by 37.5% month-over-month. Of the 11 sold homes, 36% were sold under asking, 55% were sold at asking, and 9% 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
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 51 Days | 72 Days | +41.2% |
Summary: Homes in Arcadia had an average of 72 days on market in Apr 2024, up by 41.2% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
3 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 April 2024, 11 homes were sold in Arcadia; 55% of homes were sold within 30 days, 18% of homes were sold within 30 to 90 days, and 27% of homes were sold over 90 days.
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