Is Honolulu, HI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since June 2023
At the same time last year, Honolulu was a Seller's Market.
Key Takeaway
Honolulu is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Honolulu, HI
How much do homes in Honolulu, HI cost?
Median Sold Price
$665,062
$705/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Key Takeaway
Homes in Honolulu have sold for 4.1% more than they did a year ago.
Summary: The median home sold price in Honolulu was $665,062 in June 2024, up 4.1% from last year, and the median price per square foot was $705.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $408.8K | $415K | +1.5% |
| 2 Bedrooms | $607.9K | $609.7K | 0.3% |
| 3 Bedrooms | $1.1M | $1.1M | +6.8% |
| 4 Bedrooms | $1.4M | $1.5M | 0.3% |
| 5+ Bedrooms | $1.4M | $1.5M | +1.4% |
Summary: Honolulu housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes increased by 1.5%, 2 bedroom homes increased by 0.3%, 3 bedroom homes increased by 6.8%, 4 bedroom homes increased by 0.3%, and 5+ bedroom homes increased by 1.4%.
Median Sold Price Compared To Nearby Cities
| Honolulu | $638.8K | $665K | +4.1% |
| Ewa | $762.5K | $779K | +2.2% |
Housing Supply in Honolulu, HI
How many homes are available in Honolulu, HI?
Number of Homes For Sale
| May 2024 | Jun 2024 | CHANGE |
|---|---|---|
| 1,782 | 1,910 | +7.2% |
Summary: The Honolulu real estate market had 1,910 homes for sale in June 2024, a 7.2% increase compared to May 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 580 | 608 | +4.8% |
| 2 Bedrooms | 717 | 768 | +7.1% |
| 3 Bedrooms | 242 | 256 | +5.8% |
| 4 Bedrooms | 108 | 122 | +13.0% |
| 5+ Bedrooms | 135 | 156 | +15.6% |
Summary: The Honolulu housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 4.8%, 2 bedroom homes increased by 7.1%, 3 bedroom homes increased by 5.8%, 4 bedroom homes increased by 13%, and 5+ bedroom homes increased by 15.6%.
Number of Homes Sold
| May 2024 | Jun 2024 | CHANGE |
|---|---|---|
| 305 | 241 | -21.0% |
Asking Price vs. Sold Price
154 Homes Were Sold
Under Asking
50 Homes Were Sold
At Asking
37 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Honolulu, you may be able to get a good deal. 63.9% of homes here sold below asking price last month.
Summary: A total of 241 homes were sold or pending in Honolulu in June 2024, down by 21.0% month-over-month. Of the 241 sold homes, 64% were sold under asking, 21% were sold at asking, and 15% were sold over asking.
Days on Market for Honolulu, HI
We’re sorry, we don't have information for this market at the moment
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