Is East Molokai, 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, East Molokai has remained a Buyer's Market.
Key Takeaway
East Molokai is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in East Molokai, HI
How much do homes in East Molokai, HI cost?
Median Sold Price
$375,000
$392/sqft
Based on all homes sold in the last 12 months.
The Median Sold Price hasn't changed since March 2023.
Key Takeaway
The sold price of homes in East Molokai has remained the same since last year.
Summary: The median home sold price in East Molokai was $375,000 in March 2024, the same as last year, and the median price per square foot was $392.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $222K | $220K | -0.9% |
| 2 Bedrooms | $440K | $450K | +2.3% |
| 3 Bedrooms | $530.5K | $435K | -18.0% |
| 4 Bedrooms | $555K | $590K | +6.3% |
| 5+ Bedrooms | - | - | N/A |
Summary: East Molokai housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 0.9%, 2 bedroom homes increased by 2.3%, 3 bedroom homes decreased by 18%, 4 bedroom homes increased by 6.3%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| West Molokai | $335K | $376.3K | +12.4% |
| East Molokai | $375K | $375K | 0.0% |
| Kaunakakai | $375K | $375K | 0.0% |
Housing Supply in East Molokai, HI
How many homes are available in East Molokai, HI?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 48 | 50 | +4.2% |
Summary: The East Molokai real estate market had 50 homes for sale in March 2024, a 4.2% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 14 | 15 | +7.1% |
| 2 Bedrooms | 7 | 7 | 0.0% |
| 3 Bedrooms | 23 | 22 | -4.3% |
| 4 Bedrooms | 3 | 4 | +33.3% |
| 5+ Bedrooms | 1 | 2 | +100.0% |
Summary: The East Molokai housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 7.1%, 2 bedroom homes remained the same, 3 bedroom homes decreased by 4.3%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 2 | 5 | +150.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in East Molokai, you may be able to get a good deal. 80% of homes here sold below asking price last month.
Summary: A total of 5 homes were sold or pending in East Molokai in March 2024, up by 150.0% month-over-month. Of the 5 sold homes, 80% were sold under asking, 20% were sold at asking, and 0% were sold over asking.
Days on Market for East Molokai, HI
We’re sorry, we don't have information for this market at the moment
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