Is East Molokai, HI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, East Molokai was a Seller's Market.
Key Takeaway
East Molokai is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in East Molokai, HI
How much do homes in East Molokai, HI cost?
Median Sold Price
$450,000
$405/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in East Molokai have sold for 23.3% more than they did a year ago.
Summary: The median home sold price in East Molokai was $450,000 in May 2024, up 23.3% from last year, and the median price per square foot was $405.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $225K | $205K | -8.9% |
| 2 Bedrooms | $407.5K | $464.5K | +14.0% |
| 3 Bedrooms | $412K | $528K | +28.2% |
| 4 Bedrooms | $515K | $820K | +59.2% |
| 5+ Bedrooms | - | $568K | N/A |
Summary: East Molokai housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 8.9%, 2 bedroom homes increased by 14%, 3 bedroom homes increased by 28.2%, 4 bedroom homes increased by 59.2%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| East Molokai | $365K | $450K | +23.3% |
| Kaunakakai | $365K | $450K | +23.3% |
Housing Supply in East Molokai, HI
How many homes are available in East Molokai, HI?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 41 | 38 | -7.3% |
Summary: The East Molokai real estate market had 38 homes for sale in May 2024, a 7.3% decrease compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 11 | 11 | 0.0% |
| 2 Bedrooms | 10 | 9 | -10.0% |
| 3 Bedrooms | 17 | 15 | -11.8% |
| 4 Bedrooms | 2 | 2 | 0.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The East Molokai housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 10%, 3 bedroom homes decreased by 11.8%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 5 | 4 | -20.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in East Molokai, you may be able to get a good deal. 75% of homes here sold below asking price last month.
Summary: A total of 4 homes were sold or pending in East Molokai in May 2024, down by 20.0% month-over-month. Of the 4 sold homes, 75% were sold under asking, 25% were sold at asking, and 0% were sold over asking.
Days on Market for East Molokai, HI
We’re sorry, we don't have information for this market at the moment
