Is Waihee-Waikapu, HI a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Waihee-Waikapu is a neutral's market

Buyer's
Market

Difference Since August 2023

At the same time last year, Waihee-Waikapu was a Seller's Market.

Key Takeaway

Waihee-Waikapu is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in Waihee-Waikapu, HI

How much do homes in Waihee-Waikapu, HI cost?

Median Sold Price

$1,220,000

$708/sqft

Based on all homes sold in the last 12 months.

Difference Since August 2023

-$70,000(-5.4%)

Key Takeaway

Homes in Waihee-Waikapu have sold for 5.4% less than they did a year ago.

Summary: The median home sold price in Waihee-Waikapu was $1,220,000 in August 2024, down 5.4% from last year, and the median price per square foot was $708.

Median Sold Price By Bedroom Count

# BEDSAug 2023Aug 2024CHANGE
1 -$693K
N/A
2 $1.2M$1.2M
-5.4%
3 $1.1M$1.2M
+8.1%
4 $1.8M$1.3M
-27.8%
5+ $2.8M$790.6K
-72.3%

Summary: Waihee-Waikapu housing prices by bedroom type for August 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 5.4%, 3 bedroom homes increased by 8.1%, 4 bedroom homes decreased by 27.8%, and 5+ bedroom homes decreased by 72.3%.

Median Sold Price Compared To Nearby Cities

Kihei
+34.7%
Kahului
+15.4%
Wailuku
+9.9%
Lahaina
0.5%
Waihee-Waikapu
-5.4%

Housing Supply in Waihee-Waikapu, HI

How many homes are available in Waihee-Waikapu, HI?

Number of Homes For Sale

Jul 2024Aug 2024CHANGE
2228+27.3%

Summary: The Waihee-Waikapu real estate market had 28 homes for sale in August 2024, a 27.3% increase compared to July 2024.

Homes For Sale By Bedroom Count

# BEDSJul 2024Aug 2024CHANGE
1 00
0.0%
2 00
0.0%
3 1419
+35.7%
4 89
+12.5%
5+ 00
0.0%

Summary: The Waihee-Waikapu housing inventory by bedroom type for August 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 35.7%, 4 bedroom homes increased by 12.5%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Jul 2024Aug 2024CHANGE
14+300.0%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Waihee-Waikapu, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 4 homes were sold or pending in Waihee-Waikapu in August 2024, up by 300.0% month-over-month. Of the 4 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for Waihee-Waikapu, HI

We’re sorry, we don't have information for this market at the moment

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 19 Days Ago

Newest Listings in Waihee-Waikapu, HI

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