Is 96818, HI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, 96818 has remained a Seller's Market.
Key Takeaway
96818 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 96818, HI
How much do homes in 96818, HI cost?
Median Sold Price
$475,000
$566/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in 96818 have sold for 2.2% less than they did a year ago.
Summary: The median home sold price in 96818 was $475,000 in March 2024, down 2.2% from last year, and the median price per square foot was $566.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $339.9K | $345K | +1.5% |
| 2 Bedrooms | $485K | $457K | -5.8% |
| 3 Bedrooms | $550K | $581.9K | +5.8% |
| 4 Bedrooms | $1.3M | $1.4M | +7.0% |
| 5+ Bedrooms | $1.1M | $1.2M | +9.4% |
Summary: 96818 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 1.5%, 2 bedroom homes decreased by 5.8%, 3 bedroom homes increased by 5.8%, 4 bedroom homes increased by 7%, and 5+ bedroom homes increased by 9.4%.
Median Sold Price Compared To Nearby Zip Codes
| 96818 | $485.8K | $475K | -2.2% |
| 96701 | $569.6K | $535.6K | -6.0% |
Housing Supply in 96818, HI
How many homes are available in 96818, HI?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 89 | 89 | 0.0% |
Summary: The 96818 real estate market had 89 homes for sale in March 2024, the same as February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 9 | 11 | +22.2% |
| 2 Bedrooms | 51 | 46 | -9.8% |
| 3 Bedrooms | 15 | 16 | +6.7% |
| 4 Bedrooms | 6 | 7 | +16.7% |
| 5+ Bedrooms | 8 | 9 | +12.5% |
Summary: The 96818 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 22.2%, 2 bedroom homes decreased by 9.8%, 3 bedroom homes increased by 6.7%, 4 bedroom homes increased by 16.7%, and 5+ bedroom homes increased by 12.5%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 15 | 25 | +66.7% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
13 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 96818, you could pay more than the asking price. 52% of homes here sold above asking price last month.
Summary: A total of 25 homes were sold or pending in 96818 in March 2024, up by 66.7% month-over-month. Of the 25 sold homes, 28% were sold under asking, 20% were sold at asking, and 52% were sold over asking.
Days on Market for 96818, HI
We’re sorry, we don't have information for this market at the moment
© 2024 MLS Hawaii, Inc. All rights reserved.