Arcadia, CA Real Estate for Sale

In August 2024, Arcadia home prices saw a 9.9% increase compared to the same time last year, with the median price reaching $1.7 million. Despite this rise in prices, homes are taking longer to sell, averaging 37 days on the market compared to 25 days in August 2023, which may suggest a slight cooling in buyer urgency. A total of 48 homes were sold in August this year, a slight uptick from 47 homes sold the previous year, indicating steady demand despite the market shifts. This combination of higher prices and longer selling times hints at a market where buyers are being more cautious but still actively participating.

Arcadia’s housing market is moderately competitive, with homes typically selling within 39 days. While some properties attract multiple offers, most homes sell for close to the asking price and go pending after about 39 days on the market. In contrast, highly sought-after "hot" homes can sell for up to 4% above the list price and go pending much faster, within approximately 23 days.

Nationally, 5% of homebuyers are looking to relocate to Arcadia from other metropolitan areas. Among these, the largest group of prospective buyers comes from San Francisco, followed by those from New York and El Centro, highlighting Arcadia's appeal to buyers from diverse and distant markets.