$10,000 Closing Credit*
$2,075,000
3,189 SqFt
5 Beds
•4 Baths
Bradley Opitz, Heather Wilson, Listing Office: RETSY
Is Lower Arcadia, AZ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Last month, Lower Arcadia was a Neutral Market.
Key Takeaway
Lower Arcadia is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Lower Arcadia, AZ
How much do homes in Lower Arcadia, AZ cost?
Median Sold Price
$939,000
$486/sqft
Based on all homes sold in October 2024.
Difference Since Last Month
-$161,000(-14.6%)
Key Takeaway
Homes in Lower Arcadia have sold for 14.6% less than they did a month ago.
Summary: The median home sold price in Lower Arcadia was $939,000 in October 2024, down 14.6% from last month, and the median price per square foot was $486.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | $939K | N/A |
| 3 Bedrooms | $685K | $878.7K | +28.3% |
| 4 Bedrooms | $1.2M | $1.1M | -11.1% |
| 5+ Bedrooms | $1.2M | $1.1M | -5.2% |
Summary: Lower Arcadia housing prices by bedroom type for October 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 28.3%, 4 bedroom homes decreased by 11.1%, and 5+ bedroom homes decreased by 5.2%.
Housing Supply in Lower Arcadia, AZ
How many homes are available in Lower Arcadia, AZ?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 30 | 34 | +13.3% |
Summary: The Lower Arcadia real estate market had 34 homes for sale in October 2024, a 13.3% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 5 | 5 | 0.0% |
| 3 Bedrooms | 12 | 13 | +8.3% |
| 4 Bedrooms | 9 | 11 | +22.2% |
| 5+ Bedrooms | 4 | 5 | +25.0% |
Summary: The Lower Arcadia housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 8.3%, 4 bedroom homes increased by 22.2%, and 5+ bedroom homes increased by 25%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 5 | 11 | +120.0% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Lower Arcadia, you may be able to get a good deal. 54.5% of homes here sold below asking price last month.
Summary: A total of 11 homes were sold or pending in Lower Arcadia in October 2024, up by 120.0% month-over-month. Of the 11 sold homes, 55% were sold under asking, 9% were sold at asking, and 36% were sold over asking.
Days on Market for Lower Arcadia, AZ
How long does it take to sell a home in Lower Arcadia, AZ?
Average Sale Time
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 73 Days | 37 Days | -48.8% |
Summary: Homes in Lower Arcadia had an average of 37 days on market in Oct 2024, down by 48.8% compared to last month.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Lower Arcadia are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 11 homes were sold in Lower Arcadia; 64% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 9% of homes were sold over 90 days.
The data relating to real estate for sale on this site comes from the Broker Reciprocity/IDX of Arizona Regional Multiple Listing Service, Inc. Indicates a property listed by a real estate brokerage other than Rocket Homes Real Estate, LLC. All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. No warranties, expressed or implied, are provided for the data herein, or for their use or interpretation by the user. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Arizona Regional Multiple Listing Service, Inc. do not create, control or review the property data displayed herein and take no responsibility for the content of such records. Federal law prohibits discrimination on the basis of race, color, religion, sex, handicap, familial status or national origin in the sale, rental or financing of housing. Information deemed reliable but not guaranteed. Copyright© 2024 Arizona Regional Multiple Listing Service, Inc. All Rights Reserved.