Is Arcade, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Last month, Arcade was a Neutral Market.
Key Takeaway
Arcade is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Arcade, NY
How much do homes in Arcade, NY cost?
Median Sold Price
$400,000
$158/sqft
Based on all homes sold in May 2024.
Difference Since Last Month
Key Takeaway
Homes in Arcade have sold for 162.8% more than they did a month ago.
Summary: The median home sold price in Arcade was $400,000 in May 2024, up 162.8% from last month, and the median price per square foot was $158.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $125.9K | - | N/A |
| 3 Bedrooms | - | $444.9K | N/A |
| 4 Bedrooms | $178.5K | $90K | -49.6% |
| 5+ Bedrooms | - | - | N/A |
Summary: Arcade housing prices by bedroom type for May 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 did not change, 4 bedroom homes decreased by 49.6%, and 5+ bedroom homes did not change.
Housing Supply in Arcade, NY
How many homes are available in Arcade, NY?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 11 | 9 | -18.2% |
Summary: The Arcade real estate market had 9 homes for sale in May 2024, a 18.2% decrease compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 3 | 1 | -66.7% |
| 3 Bedrooms | 6 | 6 | 0.0% |
| 4 Bedrooms | 2 | 1 | -50.0% |
| 5+ Bedrooms | 0 | 1 | +100.0% |
Summary: The Arcade housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 66.7%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 50%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 2 | 3 | +50.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was 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. 66.7% of homes here sold below asking price last month.
Summary: A total of 3 homes were sold or pending in Arcade in May 2024, up by 50.0% month-over-month. Of the 3 sold homes, 67% were sold under asking, 33% 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
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 59 Days | 43 Days | -27.2% |
Summary: Homes in Arcade had an average of 43 days on market in May 2024, down by 27.2% compared to last month.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Arcade are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 3 homes were sold in Arcade; 67% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.
