Is Arcadia, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Arcadia has remained a Seller's Market.
Housing Prices in Arcadia, CA
How much do homes in Arcadia, CA cost?
Median Sold Price
$1,386,100
$668/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Arcadia was $1,386,100 in May 2024, down 3.2% from last year, and the median price per square foot was $668.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $1.4M | N/A |
2 Bedrooms | $730K | $754K | +3.3% |
3 Bedrooms | $1.1M | $1.1M | +2.0% |
4 Bedrooms | $1.7M | $1.7M | -4.1% |
5+ Bedrooms | $2.9M | $3.4M | +16.4% |
Summary: Arcadia housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 3.3%, 3 bedroom homes increased by 2%, 4 bedroom homes decreased by 4.1%, and 5+ bedroom homes increased by 16.4%.
Median Sold Price Compared To Nearby Cities
Temple City | $977.5K | $1.0M | +10.9% |
Upper San Gabriel Valley | $934.8K | $990.6K | +6.0% |
Monrovia | $927.5K | $928K | 0.1% |
Arcadia | $1.4M | $1.3M | -3.2% |
Sierra Madre | $1.4M | $1.3M | -8.3% |
Housing Supply in Arcadia, CA
How many homes are available in Arcadia, CA?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
181 | 189 | +4.4% |
Summary: The Arcadia real estate market had 189 homes for sale in May 2024, a 4.4% increase 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 | 25 | 16 | -36.0% |
3 Bedrooms | 72 | 77 | +6.9% |
4 Bedrooms | 42 | 44 | +4.8% |
5+ Bedrooms | 42 | 52 | +23.8% |
Summary: The Arcadia 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 36%, 3 bedroom homes increased by 6.9%, 4 bedroom homes increased by 4.8%, and 5+ bedroom homes increased by 23.8%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
47 | 52 | +10.6% |
Asking Price vs. Sold Price
19 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
26 Homes Were Sold
Over Asking
Summary: A total of 52 homes were sold or pending in Arcadia in May 2024, up by 10.6% month-over-month. Of the 52 sold homes, 37% were sold under asking, 13% were sold at asking, and 50% were sold over asking.
Days on Market for Arcadia, CA
How long does it take to sell a home in Arcadia, CA?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
20 Days | 20 Days | +1.0% |
Summary: Homes in Arcadia had an average of 20 days on market in May 2024, up by 1% compared to last year.
Breakdown of Home Sale Times
41 Homes Were Sold
Under 30 Days
9 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During May 2024, 52 homes were sold in Arcadia; 79% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 4% of homes were sold over 90 days.