Arcadia Lite Market Overview
Highlights
As of April 15, 2025, the single-family home market in Arcadia Lite has shown notable shifts, offering a mix of both challenges and opportunities for buyers and sellers.
- Over the past month, active listings have risen to 104, up significantly from 66 three months ago, indicating a growing selection for prospective buyers.
- Sold prices have shown stability, averaging $1,056,708 recently, which is slightly higher than the average $1,041,400 reported three months prior, illustrating a resilient market amid fluctuating inventory levels.
- Meanwhile, the average Days on Market (DOM) has been recorded at 78 days, reflecting a slight increase compared to 49 days seen previously, suggesting a cautious approach from buyers.
Info About Arcadia Lite
Located in the heart of Phoenix, Arcadia Lite is a charming neighborhood that has become a top destination to live. Many home buyers and investors seek out Arcadia Lite homes for sale. Arcadia Lite offers a diverse selection of homes for sale ranging from charming bungalows to luxurious estates, making it a great place for anyone seeking an idyllic and serene lifestyle.
A strong community spirit that is reflected in the Arcadia Lite local hangouts. For instance, La Grande Orange is a popular spot for coffee lovers in the morning, while Postinos is a go-to for those seeking a glass of wine in the evenings. Another cool place for cocktails is UnderTow. The peaceful streets of Arcadia Lite and nearby canal also provide a great place for those who love to take walks or runs.
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The Arcadia Lite Neighborhood Association is an organization dedicated to promoting and enhancing the quality of life in the community through community events, beautification projects, and more.
Families with children will appreciate Arcadia Lite being close in proximity to top-rated schools such as Hopi Elementary School, Ingleside Middle School, and Arcadia High School. Many people send their kids to an award-winning charter school named Great Hearts Academy or Villa Montessori. These Phoenix schools are known for their academic excellence and rigorous curriculum, making them highly sought after by families in the area.
Arcadia Lite homes for sale are definitely worth considering. There are just over 2,000 single family homes and 1,300+ condos/townhomes within this amazing community. With its great amenities, diverse housing options, and strong sense of community, Arcadia Lite is poised to be one of the most sought-after neighborhoods in Phoenix for years to come. So why not explore this charming and safe neighborhood and see for yourself what makes it such a special place to call home?
All of the above is why Phoenix Arcadia Lite was just recently recognized as one of the most desirable neighborhoods in Phoenix.
If your budget is in the millions, then you can upgrade to Arcadia homes for sale, which is the crown jewel of Phoenix.
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Arcadia Lite Market Report
An In-Depth Look at Arcadia Lite
The current dynamics of the single-family home market in Arcadia Lite reveal a complex interplay between inventory levels, pricing, and time on the market.
- Currently, with 104 active listings available, there has been a 57% increase compared to just 66 listings three months ago, providing prospective buyers with more options. This uptick in inventory could be influenced by seasonal trends and increased seller confidence as market conditions gradually shift.
- The average sold price over the past month reached $1,056,708, up from $1,041,400 three months prior, indicating a moderate appreciation in property values that persists despite the increased supply. This may suggest that buyers are still willing to invest in properties, driven by favorable financing options or confidence in the Arcadia Lite neighborhood.
- However, the average Days on Market (DOM) has expanded to 78 days, which is a notable rise from the 49 days observed three months ago. This shift may suggest that homes are taking longer to transact, reflecting a need for sellers to be more strategic in pricing and marketing.
- The months of inventory, currently at 5.2 months, indicates a relatively balanced market. Generally, a market with around 5-6 months of inventory signals equilibrium, where neither buyers nor sellers overwhelmingly dominate.
- Furthermore, the price per square foot for sold listings has been $500, showing minor fluctuations as properties transition between statuses in the current pricing environment.
In conclusion, while Arcadia Lite's property market is experiencing longer selling times, increasing inventory, and stable sale prices, each of these trends presents unique opportunities for both buyers and sellers. Buyers might leverage the extended DOM by negotiating favorable terms, while sellers can benefit from maintaining competitive pricing based on current market conditions.
Brian Adamski, Realtor
Top 3% in AZ
Expert real estate advice you can count on
480-405-1265
Brian Adamski, Realtor
Top 3% in AZ
Expert real estate advice you can count on
480-405-1265