$1,841 Closing Credit*
$155,000
1,098 SqFt
3 Beds
•1 Full Bath
Kimberlee J. Meeks, Listing Office: Doebler Realty, LLC
Is Arcadia, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, Arcadia has remained a Seller's Market.
Key Takeaway
Arcadia is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Arcadia, NY
How much do homes in Arcadia, NY cost?
Median Sold Price
$182,450
$120/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$26,450(+17.0%)
Key Takeaway
Homes in Arcadia have sold for 17% more than they did a year ago.
Summary: The median home sold price in Arcadia was $182,450 in October 2024, up 17% from last year, and the median price per square foot was $120.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $25K | N/A |
| 2 Bedrooms | $120.7K | $167.4K | +38.7% |
| 3 Bedrooms | $165K | $195K | +18.2% |
| 4 Bedrooms | $172.5K | $199.5K | +15.7% |
| 5+ Bedrooms | $247.5K | $140K | -43.4% |
Summary: Arcadia 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 38.7%, 3 bedroom homes increased by 18.2%, 4 bedroom homes increased by 15.7%, and 5+ bedroom homes decreased by 43.4%.
Median Sold Price Compared To Nearby Cities
| Arcadia | $156K | $182.4K | +17.0% |
| Newark | $160K | $179.9K | +12.4% |
Housing Supply in Arcadia, NY
How many homes are available in Arcadia, NY?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 35 | 30 | -14.3% |
Summary: The Arcadia real estate market had 30 homes for sale in October 2024, a 14.3% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 1 | +100.0% |
| 2 Bedrooms | 3 | 3 | 0.0% |
| 3 Bedrooms | 15 | 13 | -13.3% |
| 4 Bedrooms | 12 | 9 | -25.0% |
| 5+ Bedrooms | 5 | 4 | -20.0% |
Summary: The Arcadia housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes remained the same, 3 bedroom homes decreased by 13.3%, 4 bedroom homes decreased by 25%, and 5+ bedroom homes decreased by 20%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 8 | 8 | 0.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Arcadia, you could pay more than the asking price. 75% of homes here sold above asking price last month.
Summary: A total of 8 homes were sold or pending in Arcadia in October 2024, the same as the previous month. Of the 8 sold homes, 25% were sold under asking, 0% were sold at asking, and 75% were sold over asking.
Days on Market for Arcadia, NY
How long does it take to sell a home in Arcadia, NY?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 11 Days | 12 Days | +7.6% |
Summary: Homes in Arcadia had an average of 12 days on market in Oct 2024, up by 7.6% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Arcadia are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 8 homes were sold in Arcadia; 88% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
