Is Kahului, 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, Kahului has remained a Seller's Market.
Key Takeaway
Kahului is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Kahului, HI
How much do homes in Kahului, HI cost?
Median Sold Price
$975,000
$644/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Kahului have sold for 7.9% more than they did a year ago.
Summary: The median home sold price in Kahului was $975,000 in May 2024, up 7.9% from last year, and the median price per square foot was $644.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $176.5K | $198K | +12.2% |
| 2 Bedrooms | $260K | $260K | 0.0% |
| 3 Bedrooms | $924K | $1.0M | +13.6% |
| 4 Bedrooms | $982.5K | $1.1M | +17.0% |
| 5+ Bedrooms | $1.1M | $1.3M | +15.0% |
Summary: Kahului housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 12.2%, 2 bedroom homes did not change, 3 bedroom homes increased by 13.6%, 4 bedroom homes increased by 17%, and 5+ bedroom homes increased by 15%.
Median Sold Price Compared To Nearby Cities
| Kihei | $949.8K | $1.1M | +21.4% |
| Waihee-Waikapu | $1.1M | $1.3M | +17.9% |
| Kahului | $903.5K | $975K | +7.9% |
| Wailuku | $855K | $900K | +5.3% |
Housing Supply in Kahului, HI
How many homes are available in Kahului, HI?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 32 | 37 | +15.6% |
Summary: The Kahului real estate market had 37 homes for sale in May 2024, a 15.6% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 2 | +100.0% |
| 2 Bedrooms | 14 | 15 | +7.1% |
| 3 Bedrooms | 8 | 10 | +25.0% |
| 4 Bedrooms | 5 | 5 | 0.0% |
| 5+ Bedrooms | 4 | 5 | +25.0% |
Summary: The Kahului housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 7.1%, 3 bedroom homes increased by 25%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 25%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 4 | 9 | +125.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Kahului, you may be able to get a good deal. 55.6% of homes here sold below asking price last month.
Summary: A total of 9 homes were sold or pending in Kahului in May 2024, up by 125.0% month-over-month. Of the 9 sold homes, 56% were sold under asking, 33% were sold at asking, and 11% were sold over asking.
Days on Market for Kahului, HI
We’re sorry, we don't have information for this market at the moment
