Is Arcadia, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Arcadia was a Seller's Market.
Housing Prices in Arcadia, FL
How much do homes in Arcadia, FL cost?
Median Sold Price
$245,000
$182/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Arcadia was $245,000 in May 2024, up 1.7% from last year, and the median price per square foot was $182.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $423K | $173.5K | -59.0% |
2 Bedrooms | $165K | $165K | 0.0% |
3 Bedrooms | $246K | $266.2K | +8.2% |
4 Bedrooms | $310K | $281K | -9.4% |
5+ Bedrooms | $322K | $446K | +38.5% |
Summary: Arcadia housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 59%, 2 bedroom homes did not change, 3 bedroom homes increased by 8.2%, 4 bedroom homes decreased by 9.4%, and 5+ bedroom homes increased by 38.5%.
Median Sold Price Compared To Nearby Cities
Arcadia | $241K | $245K | +1.7% |
Arcadia East | $235K | $229K | -2.6% |
Arcadia West | $298.5K | $277K | -7.2% |
Housing Supply in Arcadia, FL
How many homes are available in Arcadia, FL?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
125 | 121 | -3.2% |
Summary: The Arcadia real estate market had 121 homes for sale in May 2024, a 3.2% decrease compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 11 | 9 | -18.2% |
2 Bedrooms | 20 | 25 | +25.0% |
3 Bedrooms | 74 | 65 | -12.2% |
4 Bedrooms | 16 | 16 | 0.0% |
5+ Bedrooms | 4 | 6 | +50.0% |
Summary: The Arcadia housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 18.2%, 2 bedroom homes increased by 25%, 3 bedroom homes decreased by 12.2%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
20 | 15 | -25.0% |
Asking Price vs. Sold Price
11 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 15 homes were sold or pending in Arcadia in May 2024, down by 25.0% month-over-month. Of the 15 sold homes, 73% were sold under asking, 20% were sold at asking, and 7% were sold over asking.
Days on Market for Arcadia, FL
How long does it take to sell a home in Arcadia, FL?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
65 Days | 70 Days | +6.6% |
Summary: Homes in Arcadia had an average of 70 days on market in May 2024, up by 6.6% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During May 2024, 15 homes were sold in Arcadia; 53% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.