Is Arcadia, NY 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.
Key Takeaway
Arcadia is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Arcadia, NY
How much do homes in Arcadia, NY cost?
Median Sold Price
$170,000
$116/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Arcadia have sold for 12.6% more than they did a year ago.
Summary: The median home sold price in Arcadia was $170,000 in May 2024, up 12.6% from last year, and the median price per square foot was $116.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $48.5K | $25K | -48.5% |
| 2 Bedrooms | $119K | $164.9K | +38.6% |
| 3 Bedrooms | $155K | $170K | +9.7% |
| 4 Bedrooms | $201K | $174.7K | -13.1% |
| 5+ Bedrooms | $235K | $179.9K | -23.4% |
Summary: Arcadia housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 48.5%, 2 bedroom homes increased by 38.6%, 3 bedroom homes increased by 9.7%, 4 bedroom homes decreased by 13.1%, and 5+ bedroom homes decreased by 23.4%.
Median Sold Price Compared To Nearby Cities
| Newark | $154.9K | $175K | +13.0% |
| Arcadia | $151K | $170K | +12.6% |
Housing Supply in Arcadia, NY
How many homes are available in Arcadia, NY?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 28 | 33 | +17.9% |
Summary: The Arcadia real estate market had 33 homes for sale in May 2024, a 17.9% 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 | 4 | 7 | +75.0% |
| 3 Bedrooms | 10 | 14 | +40.0% |
| 4 Bedrooms | 9 | 7 | -22.2% |
| 5+ Bedrooms | 5 | 5 | 0.0% |
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 increased by 75%, 3 bedroom homes increased by 40%, 4 bedroom homes decreased by 22.2%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 7 | 5 | -28.6% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Arcadia, you could pay more than the asking price. 60% of homes here sold above asking price last month.
Summary: A total of 5 homes were sold or pending in Arcadia in May 2024, down by 28.6% month-over-month. Of the 5 sold homes, 0% were sold under asking, 40% were sold at asking, and 60% 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
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 4 Days | 7 Days | +77.3% |
Summary: Homes in Arcadia had an average of 7 days on market in May 2024, up by 77.3% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
0 Homes Were 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 May 2024, 5 homes were sold in Arcadia; 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.
Information being provided by Brooklyn Multiple Listing Service is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing.