Housing Prices in Hilo, HI

How much do homes in Hilo, HI cost?

Median List Price

$443,126

$328/sqft

Based on all homes listed in the last 12 months.

Difference Since February 2023

+$18,126(+4.3%)

Key Takeaway

The list price of homes in Hilo has increased by 4.3% since last year.

Summary: The median home list price in Hilo was $443,126 in February 2024, up 4.3% from the previous year, and the median price per square foot was $328.

Median List Price By Bedroom Count

# BEDSFeb 2023Feb 2024CHANGE
1 $212.5K$235K
+10.6%
2 $281.1K$290K
+3.2%
3 $441K$453.1K
+2.8%
4 $502.5K$545K
+8.5%
5+ $557K$608.5K
+9.2%

Summary: Hilo housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes increased by 10.6%, 2 bedroom homes increased by 3.2%, 3 bedroom homes increased by 2.8%, 4 bedroom homes increased by 8.5%, and 5+ bedroom homes increased by 9.2%.

Median List Price Compared To Nearby Cities

North Hilo
+9.6%
Papaikou-Wailea
+6.7%
Keaau
+5.4%
Hilo
+4.3%
Mountain View
+4.3%

Housing Supply in Hilo, HI

How many homes are available in Hilo, HI?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
1,4071,423+1.1%

Summary: The Hilo real estate market had 1,423 homes for sale in February 2024, a 1.1% increase compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 8283
+1.2%
2 235237
+0.9%
3 743751
+1.1%
4 218221
+1.4%
5+ 129131
+1.6%

Summary: The Hilo housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 1.2%, 2 bedroom homes increased by 0.9%, 3 bedroom homes increased by 1.1%, 4 bedroom homes increased by 1.4%, and 5+ bedroom homes increased by 1.6%.

Days on Market for Hilo, HI

How long does it take to sell a home in Hilo, HI?

Average Listing Age

Feb 2023Feb 2024CHANGE
582 Days780 Days+34.1%

Summary: Homes in Hilo had an average listing age of 780 days in Feb 2024, up by 34.1% compared to the previous year.

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

Report Updated 28 Days Ago

Newest Listings in Hilo, HI

Nearby Markets to Hilo, HI

What housing markets are near Hilo, HI?