Lower Arcadia Market Overview
Highlights
As of April 15, 2025, the single-family home market in Lower Arcadia shows a compelling mix of trends that buyers and sellers should consider.
- The number of active listings has remained consistent at 12 over the past month, suggesting a stable supply.
- However, there’s been a notable reduction in the average sold price, dropping to $1,200,300, which reflects a competitive atmosphere and increased room for negotiation.
- Days on market (DOM) have shortened to 49 days, indicating quicker sales than previously seen, which could encourage buyers to act swiftly in this market.
- Months of inventory stand at 2.3, showing that the current market is trending toward a seller's advantage, albeit slightly.
Info About Lower Arcadia
Lower Arcadia Homes for Sale
If you’re in the market for a new home, Phoenix’s Lower Arcadia is a neighborhood that’s worth considering. Lower Arcadia is in the heart of Phoenix and is known for its charming mid-century homes, mature trees, and central location.
One of the biggest draws of Lower Arcadia over Arcadia is that it has lower priced homes, but about the same or maybe a scooch less, on average, than Arcadia Lite. Nevertheless, it shares the short drive to the multitude of shopping/dining options in nearby Biltmore Fashion Park and Scottsdale Fashion Square, the vibrant nightlife of Tempe, and a short 15-minute drive to Sky Harbor Airport.
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In addition to its central location, it has a lot to offer in terms of local amenities. There are also plenty of parks and recreational areas nearby, including Camelback Mountain and Papago Park. You can also ride your bicycle through the neighborhoods and along the canal.
The neighborhood is home to several top-rated schools, including Hopi Elementary School and Arcadia High School. It also contains a top-notch charter school named Great Hearts Academy. It emphasizes classical education, critical thinking, and character formation. By sending your child to a Great Hearts school, you can expect them to receive a rigorous education that prepares them for success in college and beyond. Great Hearts schools also foster a strong sense of community and provide opportunities for students to develop leadership skills and engage in extracurricular activities.
If you’re looking for a night out on the town, Lower Arcadia has plenty of great dining and entertainment options. The neighborhood is home to several popular restaurants, including The Henry, La Grande Orange, Nook Kitchen Arcadia, Lou Malnati’s (Chicago style pizza), and Postino Wine Cafe. Naturally, Scottsdale is close by, and it is home to a plethora of restaurants and entertainment options.
In summary, Lower Arcadia is a charming neighborhood that’s centrally located and has plenty of amenities to offer. Whether you’re looking for top-rated schools, great dining and entertainment options, or easy access to nearby cities, Lower Arcadia has it all. So, if you’re in the market for a new home, be sure to check out Phoenix’s Lower Arcadia.
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Lower Arcadia Market Report
An In-Depth Look at Lower Arcadia
The Lower Arcadia neighborhood's single-family home sector, as of April 15, 2025, demonstrates a cautiously optimistic trend complemented by fluctuating inventory levels and pricing dynamics.
Over the past month, inventory stayed constant with 12 active listings remaining available. This stability exhibits a careful balance of supply that continues to keep the market in a relatively favorable position for sellers, given the months of inventory at 2.3. However, this figure is down from 3.8 months a year ago, indicating a tightening scenario over time. Not surprisingly, with fewer homes available, sales are occurring faster, as referenced by a decrease in average DOM from 75 days three months ago to the current 49 days.
This environment has not only prompted quicker closures but has also led to a noticeable drop in average sold prices. Currently averaging $1,200,300, the recent sold prices reflect a 6% decline compared to $1,270,000 six months past. Given the historical comparisons, this trend highlights the more competitive nature of the marketplace where buyers can negotiate more effectively, especially when previous price points reached as high as $1,965,500 during the same period last year.
In addition, the average price per square foot reflects this declining trend, revealing a current benchmark of $552, significantly down from $609 three months ago, which signifies shifts in buyer expectations and market conditions. The average price per square foot for active listings sits at $442, marking a noticeable gap prior to transactions completing.
With pending listings averaging in the $1,433,429 range and active prices consistently lower, these shifts suggest sellers may need to be adaptable in their pricing strategies to align with a buyer's market. Potential buyers should be mindful of the rapid shifts in DOM, as this higher turnover indicates a more competitive purchasing environment. For prospective sellers, pricing strategically and preparing for negotiations become paramount to maximizing capital while navigating this variability within pricing and inventory trends.
Brian Adamski, Realtor
Local Elite (Top 3%) in Arizona
Guaranteed, professional real estate guidance
480-405-1265
Brian Adamski, Realtor
Local Elite (Top 3%) in Arizona
Guaranteed, professional real estate guidance
480-405-1265