Is Ala Moana / Kakaako, HI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Ala Moana / Kakaako was a Seller's Market.
Key Takeaway
Ala Moana / Kakaako is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Ala Moana / Kakaako, HI
How much do homes in Ala Moana / Kakaako, HI cost?
Median Sold Price
$843,840
$995/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Ala Moana / Kakaako have sold for 0.5% more than they did a year ago.
Summary: The median home sold price in Ala Moana / Kakaako was $843,840 in April 2024, up 0.5% from last year, and the median price per square foot was $995.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $629.7K | $689.3K | +9.5% |
| 2 Bedrooms | $942.7K | $929.3K | -1.4% |
| 3 Bedrooms | $1.5M | $1.7M | +9.1% |
| 4 Bedrooms | $4.4M | $19.7M | +348.9% |
| 5+ Bedrooms | $1.4M | $716.3K | -51.8% |
Summary: Ala Moana / Kakaako housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 9.5%, 2 bedroom homes decreased by 1.4%, 3 bedroom homes increased by 9.1%, 4 bedroom homes increased by 348.9%, and 5+ bedroom homes decreased by 51.8%.
Median Sold Price Compared To Nearby Neighborhoods
| Holiday Mart | $475K | $706K | +48.6% |
| Ala Moana / Kakaako | $839.4K | $843.8K | 0.5% |
| Pawaa | $440K | $400K | -9.1% |
| Kapio / Kinau / Ward | $700K | $599K | -14.4% |
Housing Supply in Ala Moana / Kakaako, HI
How many homes are available in Ala Moana / Kakaako, HI?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 361 | 406 | +12.5% |
Summary: The Ala Moana / Kakaako real estate market had 406 homes for sale in April 2024, a 12.5% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 121 | 133 | +9.9% |
| 2 Bedrooms | 192 | 221 | +15.1% |
| 3 Bedrooms | 45 | 48 | +6.7% |
| 4 Bedrooms | 1 | 2 | +100.0% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Ala Moana / Kakaako housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 9.9%, 2 bedroom homes increased by 15.1%, 3 bedroom homes increased by 6.7%, 4 bedroom homes increased by 100%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 32 | 57 | +78.1% |
Asking Price vs. Sold Price
44 Homes Were Sold
Under Asking
9 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Ala Moana / Kakaako, you may be able to get a good deal. 77.2% of homes here sold below asking price last month.
Summary: A total of 57 homes were sold or pending in Ala Moana / Kakaako in April 2024, up by 78.1% month-over-month. Of the 57 sold homes, 77% were sold under asking, 16% were sold at asking, and 7% were sold over asking.
Days on Market for Ala Moana / Kakaako, HI
We’re sorry, we don't have information for this market at the moment
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