Phoenix Arcadia Lite Real Estate

Arcadia Lite All Property Types Market Highlights

As of Jun 21, 2025, the residential real estate market in Arcadia Lite is witnessing notable shifts that affect both buyers and sellers.

• Currently, the number of active listings has expanded significantly, rising to 137, compared to 82 just three months ago.
• Average sold prices have also climbed, now at $1,208,588, up from $1,003,869 three months prior.
• The increase in inventory has contributed to a slight rise in days on market (DOM), now at 74 days, up from 62 days three months ago.
• Despite these trends, the months of inventory currently sit at 5.4, a healthy level, indicating a balanced market.

An In-Depth Look at the Arcadia Lite All Property Types Market

The residential market in Arcadia Lite, as of Jun 21, 2025, shows interesting dynamics that are critical for both potential buyers and sellers.

• Active listings have surged to 137, a significant jump from 82 just three months ago. This influx can reflect both increased seller confidence and a response to the growing demand in the neighborhood.
• In terms of pricing, the average sold price currently stands at $1,208,588, which marks a noticeable increase from $1,003,869 recorded three months prior. This upward price movement underscores the area's desirability and potential for investment viability.
• However, sellers should be aware that the average days on market (DOM) has also risen to 74 days, compared to 62 days earlier. This suggests properties are taking a bit longer to sell, potentially reflecting an adjustment period for buyers adapting to the higher price points.
• The months of inventory, currently at 5.4, indicates a balanced market where neither buyers nor sellers hold a definitive advantage. Historically, the months of inventory show a shift from just 3.4 months six months ago, signaling a transition towards a more stable market, though it might lean slightly towards a buyer's market if inventory continues to grow.

Additionally, the average price per square foot for active listings has climbed to $506, up from $487 three months ago, indicating that buyers are willing to invest in this desirable area. However, it's essential to note that while sold prices and active listing prices are on the rise, the typical sold price to original list price ratio remains steady at 96%, suggesting competitive listing strategies.

Given these aspects, buyers may find opportunities in reviewing properties that have been on the market longer, taking advantage of potential negotiations. Conversely, sellers might consider pricing strategically and showcasing their properties effectively to leverage the current market dynamics. Overall, understanding these trends in Arcadia Lite can enhance decision-making for both groups amid notable fluctuations.