Phoenix Arcadia Lite Real Estate Market Overview
Arcadia Lite Market Highlights
As of May 5, 2025, the real estate market in Arcadia Lite is showcasing a blend of shifting dynamics, reflecting both opportunities and challenges for buyers and sellers alike.
- Active listings have risen to 154 over the past month, an increase from 125 three months ago, indicating a growing selection for potential buyers.
- While inventory has expanded, the average sold price for properties has seen a significant uptick, now sitting at $1,059,040, compared to $827,777 only three months ago.
- With the average days on market (DOM) at 71 days, buyers should act promptly to secure advantageous deals as competition remains steady.
Curious how the Arcadia Lite market has changed over time?
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The real estate market in Arcadia Lite, as of May 5, 2025, reflects a nuanced landscape influenced by various metrics that define buyer and seller interactions.
- Currently, the number of active listings stands at 154, a notable increase of 23% from 125 three months ago, suggesting that buyers have more options than they had earlier in the year. However, this growth in inventory has not impeded the rise in prices; rather, the average sold price climbed to $1,059,040 over the past month, a substantial increase from $827,777 just three months ago, emphasizing buyer willingness despite a growing selection.
Additionally, the average price per square foot for sold properties has risen to $502, compared to $450 three months ago, signaling an upward trend in property values across the market.
The average DOM has decreased slightly to 57 days, down from 77 days three months ago, indicating that properties are selling faster, which might suggest increased demand. This swift turnover may enhance buyer competition, making it imperative for buyers to act quickly and potentially leading to higher final sales prices.
Another essential metric to consider is the months of inventory, which sits at 4.6, down from 5.2 three months ago. This figure shows a tightening market, albeit still within a balanced range, characterized by relative equilibrium between buyers and sellers.
Analyzing pending listings, there are currently 35 at an average price of $1,197,620, indicating that buyers are making competitive offers and acknowledging the increasing value of properties in this desirable neighborhood.
- In summary, while Arcadia Lite is experiencing a favorable market for sellers due to rising prices and decreasing DOM, the expanded inventory presents buyers with opportunities. Prospective buyers should assess the market closely and be prepared to navigate potential bidding wars, while sellers may benefit from strategically pricing their homes to attract motivated buyers amid this evolving landscape.
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.
Brian Adamski, Realtor
Helping Families Find Homes in Arcadia Lite Since 2007 | Unparalleled Expertise
480-405-1265
