Phoenix Arcadia Real Estate Market Overview
Arcadia Market Highlights
As of May 6, 2025, the residential real estate market in Arcadia showcases a blend of shifting dynamics that are important for both buyers and sellers.
- Over the past month, the number of active listings has risen to 68, compared to 59 three months ago.
- The average sold price of properties has surged to $2,878,929, reflecting a strong buyer interest despite inventory changes.
- Days on market (DOM) for sold properties currently stands at 40 days, which suggests a brisk sales pace.
- Meanwhile, months of inventory now sits at 5.8, indicating a relatively balanced market condition, though slightly leaning towards buyer favor.
Curious how the Arcadia market has changed over time?
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The Arcadia residential real estate landscape has seen notable changes over recent months, reflecting broader market trends and influences.
Starting with active listings, the count has increased to 68 over the last month, up from 59 three months ago, which indicates more options for buyers. This uptick in inventory has brought the months of inventory to a current level of 5.8 months. While this figure suggests a balance between supply and demand, it is a slight rise compared to 5.5 months three months prior, signaling that buyers may have more time to make decisions without the pressure of fast-moving properties.
The average sold price has notably climbed to $2,878,929, a significant increase compared to the average of $2,418,546 just three months ago. This improvement in sold prices could be attributed to an influx of high-value listings and heightened buyer competition in certain segments of the market. The increase in activity, however, has been coupled with a lower average DOM for sold listings, which currently is at 40 days, reflecting a quicker pace of sales and the continued appeal of homes in this area.
However, it's worth noting that despite the positive movement in sold prices, the average price per square foot for active listings currently rests at a solid $882, indicating that while homes are selling for more, values per square foot are still trending high, reflecting quality and desirability in the Arcadia neighborhood.
Overall, the current market trends reflect a responsive environment where both buyers and sellers must stay informed. For buyers, the increase in inventory may provide more negotiating power; conversely, sellers can capitalize on the rising sales prices to strategically position their properties. With the average days on market fairly low, those who act decisively in this landscape may find favorable outcomes.
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
Your Go-To Realtor for Arcadia | Real Estate with Care and Clarity
480-405-1265
