Is Honolulu County, HI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Honolulu County has remained a Seller's Market.
Key Takeaway
Honolulu County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Honolulu County, HI
How much do homes in Honolulu County, HI cost?
Median Sold Price
$746,761
$652/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Honolulu County have sold for 0.7% more than they did a year ago.
Summary: The median home sold price in Honolulu County was $746,761 in May 2024, up 0.7% from last year, and the median price per square foot was $652.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $404.8K | $406.2K | 0.3% |
| 2 Bedrooms | $550K | $551.4K | 0.2% |
| 3 Bedrooms | $850.8K | $875K | +2.8% |
| 4 Bedrooms | $1.1M | $1.1M | -5.3% |
| 5+ Bedrooms | $1.3M | $1.2M | 0% |
Summary: Honolulu County housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 0.3%, 2 bedroom homes increased by 0.2%, 3 bedroom homes increased by 2.8%, 4 bedroom homes decreased by 5.3%, and 5+ bedroom homes did not change.
Housing Supply in Honolulu County, HI
How many homes are available in Honolulu County, HI?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 3,339 | 3,606 | +8.0% |
Summary: The Honolulu County real estate market had 3,606 homes for sale in May 2024, a 8.0% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 664 | 747 | +12.5% |
| 2 Bedrooms | 1,109 | 1,196 | +7.8% |
| 3 Bedrooms | 835 | 886 | +6.1% |
| 4 Bedrooms | 446 | 459 | +2.9% |
| 5+ Bedrooms | 285 | 318 | +11.6% |
Summary: The Honolulu County housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 12.5%, 2 bedroom homes increased by 7.8%, 3 bedroom homes increased by 6.1%, 4 bedroom homes increased by 2.9%, and 5+ bedroom homes increased by 11.6%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 620 | 632 | +1.9% |
Asking Price vs. Sold Price
307 Homes Were Sold
Under Asking
164 Homes Were Sold
At Asking
161 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Honolulu County, you may be able to get a good deal. 48.6% of homes here sold below asking price last month.
Summary: A total of 632 homes were sold or pending in Honolulu County in May 2024, up by 1.9% month-over-month. Of the 632 sold homes, 49% were sold under asking, 26% were sold at asking, and 25% were sold over asking.
Days on Market for Honolulu County, HI
We’re sorry, we don't have information for this market at the moment
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