Is Arcadia, AZ a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Arcadia is a seller's market

Buyer's
Market

Difference Since December 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, AZ

How much do homes in Arcadia, AZ cost?

Median Sold Price

$3,450,000

$836/sqft

Based on all homes sold in the last 12 months.

Difference Since December 2023

+$1,150,000(+50.0%)

Key Takeaway

Homes in Arcadia have sold for 50% more than they did a year ago.

Summary: The median home sold price in Arcadia was $3,450,000 in December 2024, up 50% from last year, and the median price per square foot was $836.

Median Sold Price By Bedroom Count

# BEDSDec 2023Dec 2024CHANGE
1 $332K$319.5K
-3.8%
2 $445K$786.2K
+76.7%
3 $1.5M$2.1M
+33.8%
4 $2.1M$3.0M
+41.9%
5+ $3.5M$4.3M
+22.8%

Summary: Arcadia housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 3.8%, 2 bedroom homes increased by 76.7%, 3 bedroom homes increased by 33.8%, 4 bedroom homes increased by 41.9%, and 5+ bedroom homes increased by 22.8%.

Housing Supply in Arcadia, AZ

How many homes are available in Arcadia, AZ?

Number of Homes For Sale

Nov 2024Dec 2024CHANGE
3429-14.7%

Summary: The Arcadia real estate market had 29 homes for sale in December 2024, a 14.7% decrease compared to November 2024.

Homes For Sale By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 11
0.0%
2 11
0.0%
3 10
-100.0%
4 97
-22.2%
5+ 2220
-9.1%

Summary: The Arcadia housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 100%, 4 bedroom homes decreased by 22.2%, and 5+ bedroom homes decreased by 9.1%.

Number of Homes Sold

Nov 2024Dec 2024CHANGE
990.0%

Asking Price vs. Sold Price

7 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Arcadia, you may be able to get a good deal. 77.8% of homes here sold below asking price last month.

Summary: A total of 9 homes were sold or pending in Arcadia in December 2024, the same as the previous month. Of the 9 sold homes, 78% were sold under asking, 22% were sold at asking, and 0% were sold over asking.

Days on Market for Arcadia, AZ

How long does it take to sell a home in Arcadia, AZ?

Average Sale Time

Dec 2023Dec 2024CHANGE
67 Days97 Days+45.2%

Summary: Homes in Arcadia had an average of 97 days on market in Dec 2024, up by 45.2% compared to last year.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Arcadia has remained consistent over time.

Summary: During December 2024, 9 homes were sold in Arcadia; 22% of homes were sold within 30 days, 44% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 6 Days Ago

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