$1,008 Closing Credit*
$84,900
576 SqFt
2 Beds
•1 Full Bath
David L Zilker, Listing Office: ERA Team VP Real Estate - Arcade
Is Arcade, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, Arcade was a Neutral Market.
Key Takeaway
Arcade is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Arcade, NY
How much do homes in Arcade, NY cost?
Median Sold Price
$178,500
$104/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$29,350(-14.1%)
Key Takeaway
Homes in Arcade have sold for 14.1% less than they did a year ago.
Summary: The median home sold price in Arcade was $178,500 in October 2024, down 14.1% from last year, and the median price per square foot was $104.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $56.3K | N/A |
| 2 Bedrooms | $112K | $115K | +2.7% |
| 3 Bedrooms | $226.7K | $218K | -3.9% |
| 4 Bedrooms | $206.7K | $178.5K | -13.6% |
| 5+ Bedrooms | $202.5K | $215.2K | +6.3% |
Summary: Arcade housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 2.7%, 3 bedroom homes decreased by 3.9%, 4 bedroom homes decreased by 13.6%, and 5+ bedroom homes increased by 6.3%.
Housing Supply in Arcade, NY
How many homes are available in Arcade, NY?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 9 | 8 | -11.1% |
Summary: The Arcade real estate market had 8 homes for sale in October 2024, a 11.1% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 1 | 1 | 0.0% |
| 3 Bedrooms | 4 | 2 | -50.0% |
| 4 Bedrooms | 2 | 3 | +50.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Arcade 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 decreased by 50%, 4 bedroom homes increased by 50%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 1 | 1 | 0.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Arcade, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 1 homes were sold or pending in Arcade in October 2024, the same as the previous month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Arcade, NY
How long does it take to sell a home in Arcade, NY?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 7 Days | 2 Days | -71.4% |
Summary: Homes in Arcade had an average of 2 days on market in Oct 2024, down by 71.4% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Arcade are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 1 homes were sold in Arcade; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
