Is Honolulu County, HI a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Honolulu County is a buyer's market

Buyer's
Market

Difference Since February 2023

At the same time last year, Honolulu County was a Seller's Market.

Key Takeaway

Honolulu County is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Honolulu County, HI

How much do homes in Honolulu County, HI cost?

Median Sold Price

$735,424

$654/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2023

-$8,470(-1.1%)

Key Takeaway

Homes in Honolulu County have sold for 1.1% less than they did a year ago.

Summary: The median home sold price in Honolulu County was $735,424 in February 2024, down 1.1% from last year, and the median price per square foot was $654.

Median Sold Price By Bedroom Count

# BEDSFeb 2023Feb 2024CHANGE
1 $405.1K$410K
+1.2%
2 $550K$551.3K
0.3%
3 $865.1K$856.6K
-1.0%
4 $1.2M$1.1M
-5.0%
5+ $1.3M$1.2M
-3.8%

Summary: Honolulu County housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes increased by 1.2%, 2 bedroom homes increased by 0.3%, 3 bedroom homes decreased by 1%, 4 bedroom homes decreased by 5%, and 5+ bedroom homes decreased by 3.8%.

Housing Supply in Honolulu County, HI

How many homes are available in Honolulu County, HI?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
2,9013,199+10.3%

Summary: The Honolulu County real estate market had 3,199 homes for sale in February 2024, a 10.3% increase compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 592663
+12.0%
2 9111,018
+11.7%
3 736783
+6.4%
4 391446
+14.1%
5+ 271289
+6.6%

Summary: The Honolulu County housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 12%, 2 bedroom homes increased by 11.7%, 3 bedroom homes increased by 6.4%, 4 bedroom homes increased by 14.1%, and 5+ bedroom homes increased by 6.6%.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
428450+5.1%

Asking Price vs. Sold Price

244 Homes Were Sold
Under Asking

104 Homes Were Sold
At Asking

102 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Honolulu County, you may be able to get a good deal. 54.2% of homes here sold below asking price last month.

Summary: A total of 450 homes were sold or pending in Honolulu County in February 2024, up by 5.1% month-over-month. Of the 450 sold homes, 54% were sold under asking, 23% were sold at asking, and 23% were sold over asking.

Days on Market for Honolulu County, HI

We’re sorry, we don't have information for this market at the moment

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

Report Updated 3 Days Ago

Newest Listings in Honolulu County, HI

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