$2,506 Closing Credit*
$211,000
2,614 SqFt
6 Beds
•2 Full Baths
Brenda M Bacon, Listing Office: Howard Hanna WNY Inc.
Is Arcade, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, Arcade has remained a Buyer's 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
$175,000
$98/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$45,000(-20.5%)
Key Takeaway
Homes in Arcade have sold for 20.5% less than they did a year ago.
Summary: The median home sold price in Arcade was $175,000 in November 2024, down 20.5% from last year, and the median price per square foot was $98.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $56.3K | N/A |
| 2 Bedrooms | $141K | $120.4K | -14.6% |
| 3 Bedrooms | $226.7K | $200K | -11.8% |
| 4 Bedrooms | $247.9K | $178.5K | -28.0% |
| 5+ Bedrooms | $190.5K | $240K | +26.0% |
Summary: Arcade housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 14.6%, 3 bedroom homes decreased by 11.8%, 4 bedroom homes decreased by 28%, and 5+ bedroom homes increased by 26%.
Housing Supply in Arcade, NY
How many homes are available in Arcade, NY?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 9 | 9 | 0.0% |
Summary: The Arcade real estate market had 9 homes for sale in November 2024, the same as October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 0 | -100.0% |
| 2 Bedrooms | 1 | 2 | +100.0% |
| 3 Bedrooms | 3 | 4 | +33.3% |
| 4 Bedrooms | 3 | 3 | 0.0% |
| 5+ Bedrooms | 1 | 0 | -100.0% |
Summary: The Arcade housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes increased by 100%, 3 bedroom homes increased by 33.3%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 100%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 2 | 1 | -50.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Arcade, you could pay more than the asking price. 100% of homes here sold above asking price last month.
Summary: A total of 1 homes were sold or pending in Arcade in November 2024, down by 50.0% month-over-month. Of the 1 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 52 Days | 6 Days | -88.6% |
Summary: Homes in Arcade had an average of 6 days on market in Nov 2024, down by 88.6% 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 November 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.
