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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Arcadia Lite is a seller's market

Buyer's
Market

Difference Since December 2023

Since last year, Arcadia Lite has remained a Seller's Market.

Key Takeaway

Arcadia Lite is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Arcadia Lite, AZ

How much do homes in Arcadia Lite, AZ cost?

Median Sold Price

$864,900

$501/sqft

Based on all homes sold in the last 12 months.

Difference Since December 2023

+$69,900(+8.8%)

Key Takeaway

Homes in Arcadia Lite have sold for 8.8% more than they did a year ago.

Summary: The median home sold price in Arcadia Lite was $864,900 in December 2024, up 8.8% from last year, and the median price per square foot was $501.

Median Sold Price By Bedroom Count

# BEDSDec 2023Dec 2024CHANGE
1 $286K$260K
-9.1%
2 $363K$405K
+11.6%
3 $735.7K$850K
+15.5%
4 $1.5M$1.7M
+17.3%
5+ $2.0M$2.7M
+32.3%

Summary: Arcadia Lite housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 9.1%, 2 bedroom homes increased by 11.6%, 3 bedroom homes increased by 15.5%, 4 bedroom homes increased by 17.3%, and 5+ bedroom homes increased by 32.3%.

Housing Supply in Arcadia Lite, AZ

How many homes are available in Arcadia Lite, AZ?

Number of Homes For Sale

Nov 2024Dec 2024CHANGE
5251-1.9%

Summary: The Arcadia Lite real estate market had 51 homes for sale in December 2024, a 1.9% decrease compared to November 2024.

Homes For Sale By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 34
+33.3%
2 1515
0.0%
3 1616
0.0%
4 1312
-7.7%
5+ 54
-20.0%

Summary: The Arcadia Lite housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 33.3%, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes decreased by 7.7%, and 5+ bedroom homes decreased by 20%.

Number of Homes Sold

Nov 2024Dec 2024CHANGE
1112+9.1%

Asking Price vs. Sold Price

9 Homes Were Sold
Under Asking

3 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 Lite, you may be able to get a good deal. 75% of homes here sold below asking price last month.

Summary: A total of 12 homes were sold or pending in Arcadia Lite in December 2024, up by 9.1% month-over-month. Of the 12 sold homes, 75% were sold under asking, 25% were sold at asking, and 0% were sold over asking.

Days on Market for Arcadia Lite, AZ

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

Average Sale Time

Dec 2023Dec 2024CHANGE
98 Days60 Days-38.8%

Summary: Homes in Arcadia Lite had an average of 60 days on market in Dec 2024, down by 38.8% compared to last year.

Breakdown of Home Sale Times

5 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

Many homes in Arcadia Lite are selling fast, if you're buying plan to act quickly.

Summary: During December 2024, 12 homes were sold in Arcadia Lite; 42% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 25% 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 14 Days Ago

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