Phoenix Arcadia Lite Condos

Arcadia Lite Condos Market Highlights

As of Jul 10, 2025, the condos/townhomes/patio homes market in Arcadia Lite is demonstrating notable shifts across several key metrics.

• The number of active listings has increased to 41, a growth from 27 just three months ago.
• Average days on market (DOM) for active homes currently stands at 80 days, compared to 68 days three months prior.
• Meanwhile, sold prices have soared to an average of $577,500, up from $428,643 in the last quarter, indicating stronger buyer competition.

An In-Depth Look at the Arcadia Lite Condos Market

The current landscape of the condos/townhomes/patio homes market in Arcadia Lite, as of Jul 10, 2025, reveals both opportunities and challenges for buyers and sellers alike.

• Active Listings: The count of active listings has surged to 41, marking a significant increase from 27 listings three months ago and 19 listings six months prior. This uptick indicates growing inventory levels, which may imply a better selection for buyers in the current market environment.

• Days on Market (DOM): Despite the increase in listings, the average DOM for active properties has risen to 80 days, a notable rise from 68 days just three months ago. This extended time frame suggests that properties might be attracting more cautious interest or that buyers are taking longer to make decisions in a fluctuating market.

• Months of Inventory: Currently standing at 4.4 months, this decreases from a level above 4.4 months six months ago, indicating a balanced market rather than a tight seller's market. A months of inventory figure under 5 typically denotes a healthy equilibrium, where neither buyers nor sellers hold overwhelming power.

• Sold Prices: The average sold price has witnessed a substantial increase to $577,500, rising from $428,643 three months ago and reflective of a 99% average sale-price-to-original-list-price percentage. This suggests that buyers are willing to meet list prices, showcasing strong demand despite the increasing DOM.

• Price Per Square Foot: The average price per square foot for active listings is currently $349, reflecting a slight decrease from $354 three months ago, while the sold listings hold a higher price per square foot at $403. This discrepancy could indicate that recent sales have been of higher quality or conditioned price points compared to those currently on the market.

In conclusion, the market in Arcadia Lite is positioned as balanced, with increases in active listings stimulating buyer options, while sold prices maintain strong traction. Buyers are encouraged to act strategically, as prices stay resilient despite a lengthening DOM. Conversely, sellers may need to remain flexible regarding pricing and presentation to attract competitive bids in this shifting environment.