Phoenix Arcadia Real Estate Market Overview
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Phoenix Arcadia Real Estate Market Report
Arcadia All Property Types Market Highlights
As of Jun 21, 2025, the residential real estate market in Arcadia appears to be experiencing notable fluctuations impacting buyers and sellers alike.
- Active listings have grown to 46, reflecting a continued trend of rising supply.
- The average price per square foot for active listings is currently $839, which indicates a shift in pricing strategy from sellers.
- Sold listings have shown an increase in the average price, currently at $2,531,507, an intriguing development amid increasing inventory levels.
- This upward pressure on prices suggests a robust demand even as listings grow in number.
An In-Depth Look at the Arcadia All Property Types Market
The current landscape of the Arcadia residential real estate market presents a complex scenario worth examining in detail.
- With 46 active listings, inventory has indeed expanded, up from 38 three months prior. This increase points toward a more favorable condition for buyers who are benefitted by enhanced choices in the market.
- The average price per square foot of $839 for these active listings indicates a minor retraction in pricing strategy, particularly when compared to $856 just three months ago. This shift suggests that sellers may be adjusting their expectations in response to a slightly cooler market.
- In contrast, the average sold price of $2,531,507 signifies resilience, having risen quite significantly from $3,282,333 three months back. This jump reflects strong buyer interest, especially as the sold price to original list price ratio stands at 97%, suggesting competitive bidding scenarios are still prevalent.
- However, the days on market (DOM) average currently sits at 90 days, a clear increase from an average of 63 days three months ago. This duration indicates that properties are taking longer to sell, which may further influence seller strategies.
- Notably, the months of inventory has reached 4.3 months, a crucial marker that indicates a relatively balanced market. Historically, a level around this range reflects equilibrium between buyer demand and seller supply.
- These dynamics collectively suggest that while inventory is on the rise, buyer demand remains robust, allowing many sellers to still achieve favorable sale prices.
Thus, as market conditions evolve, both buyers and sellers will need to navigate these fluctuations carefully, taking into consideration average DOM and current pricing trends to make informed decisions.
Info About Arcadia
Phoenix Arcadia Real Estate for Sale
A while back, Money Magazine stated that Arcadia was one of the great places to live in the Greater Phoenix primarily because of its greenery, luxury homes, and high-performing school system, which actually falls under the Scottsdale school system. A perfect place to raise a family they said. Arcadia real estate, but when this article got published, it took it to another level.
Arcadia is very family oriented as there are large grassy yards, many homes with pools, sports courts are becoming standard, quiet streets, and the Arcadia Schools are among the best in the state. There are public, charter, and private schools available.
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Arcadia is perfect for the active person, with majestic Camelback Mountain being right there for hiking or mountain biking. Piestewa Peak (formerly Squaw Peak) is just a short 10-minute drive away too. Papago Park is about a 10-minute drive from Arcadia. There is plenty of hiking, trail running, mountain biking, beautiful scenery, and amazing sunsets at any of these parks. The Arizona Canal Trail that makes up the southern border of Arcadia is perfect for jogging, biking, rollerblading, or just taking a stroll. The canal goes for miles throughout Central Phoenix and connects into the trails along the Scottsdale Greenbelt.
High-End Shopping
For your groceries, there is AJs, Fresh-N-Easy, Fry’s, Safeway, and trendy La Grande Orange Grocery and Pizzeria (locals refer to it as LGO). Living in Arcadia puts you in the middle of two of the finest shopping areas in the Greater Phoenix as there is the Biltmore Fashion Park and the infamous Scottsdale shopping.
Restaurants
In short, your Arcadia dining options are plentiful. Within a five-minute drive of Arcadia, everything from casual dining to some of the finest dining in the Greater Phoenix. Lons at the Hermosa (Artful American Cuisine), T. Cook’s (Mediterranean inspired cuisine) at the infamous Royal Palms Resort, The Vig (Contemporary Eclectic), and Vincent on Camelback (French).
Arcadia Homes for Sale
All of the following can be found at the elegant AAA Five Diamond Phoenician Resort… Relish Burger Bistro (gourmet burgers), Il Terrazzo (American-Italian cuisine), J&G Steakhouse (sophisticated classics). Two fun neighborhoods spots are La Grande Orange Grocery and Pizzeria and Postino WineCafe.
In that same 5 minute drive to the east of Arcadia, you will enter the wonderful world of Scottsdale (including Old Town Scottsdale of course) which I believe has more dining choices per capita than anywhere in the world (ok I just made that up).
Drive 10 minutes west of Arcadia and you will end up in Phoenix’s Biltmore Area where there are many great restaurants in and around the Biltmore Fashion Park.
The bottom line is that you won’t go hungry while living in Arcadia.
History
Arcadia is a gorgeous and prestigious desert oasis neighborhood in the heart of Phoenix. It was born in the early 1920s when the land just south of Camelback Mountain was sold in 5 acre lots for 35 cents per acre for the primary use of citrus farms. Some Arcadia homes were built in the 1920s and 1930s, but this was still considered a rural area at that time. As the Phoenix sprawl reached (or at least got closer) in the 1940s, you will find that most homes were built between 1940-1960. Arcadia was named for Virgil’s Arcadia: a peaceful, pastoral region of ancient Greece.
According to Merriam-Webster, Arcadia means “a region or scene of simple pleasure and quiet”. Take a drive through the winding streets of Arcadia and you will soon succumb to its tranquility as Arcadia has some of the lushest landscaping in all of Phoenix with green lawns, towering trees, swaying palms, and huge oleander plants that are not only colorful but act as privacy walls. And there still remains quite a few citrus trees which is a special treat for the nose during their blooming season in spring. Arcadia is a true desert oasis.
Types of Homes
Modern Arcadia Homes for Sale
Since Arcadia’s beginning, it has been synonymous with luxury homes as these were built as estate homes. Most homes are built on at least a half-acre up to 5 acres. With the high quality of the original construction, Arcadia amenities, and its location, Arcadians tend to stay and renovate/expand their homes rather than moving away. Most Arcadia homeowners will normally get first-class architects involved in the process. On occasion, it is decided that some homes are beyond a renovation, are torn down, and started from scratch. Nevertheless, the talented architects design the new construction to still have the charm/character of yesteryear so that it blends seamlessly with the other existing homes.
Arcadia Real Estate varies greatly in terms of architectural style ranging from a Spanish Colonial, Tudor Revival, Country Cottage, Ranch, Cape Cod, modern, and more. Arcadia is not formally a historic district even with its age and is far from a tract home community.
There are some lovely neighborhoods adjacent to Arcadia that are significantly less expensive than Arcadia proper, but are still quite desirable. One of which is Arcadia Lite and another is Lower Arcadia.
Brian Adamski, Realtor
Phoenix Resident Since 2003 | Committed to Your Success
480-405-1265
