Is Honolulu County, 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 County was a Seller's Market.
Key Takeaway
Honolulu County is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Honolulu County, HI
How much do homes in Honolulu County, HI cost?
Median Sold Price
$756,710
$651/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Key Takeaway
Homes in Honolulu County have sold for 2.1% more than they did a year ago.
Summary: The median home sold price in Honolulu County was $756,710 in June 2024, up 2.1% from last year, and the median price per square foot was $651.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $400K | $405.7K | +1.4% |
| 2 Bedrooms | $550K | $553.7K | +0.7% |
| 3 Bedrooms | $850K | $883K | +3.9% |
| 4 Bedrooms | $1.1M | $1.1M | -4.4% |
| 5+ Bedrooms | $1.2M | $1.2M | 0.1% |
Summary: Honolulu County housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes increased by 1.4%, 2 bedroom homes increased by 0.7%, 3 bedroom homes increased by 3.9%, 4 bedroom homes decreased by 4.4%, and 5+ bedroom homes increased by 0.1%.
Housing Supply in Honolulu County, HI
How many homes are available in Honolulu County, HI?
Number of Homes For Sale
| May 2024 | Jun 2024 | CHANGE |
|---|---|---|
| 3,387 | 3,599 | +6.3% |
Summary: The Honolulu County real estate market had 3,599 homes for sale in June 2024, a 6.3% increase compared to May 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 695 | 736 | +5.9% |
| 2 Bedrooms | 1,124 | 1,197 | +6.5% |
| 3 Bedrooms | 849 | 876 | +3.2% |
| 4 Bedrooms | 427 | 467 | +9.4% |
| 5+ Bedrooms | 292 | 323 | +10.6% |
Summary: The Honolulu County housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 5.9%, 2 bedroom homes increased by 6.5%, 3 bedroom homes increased by 3.2%, 4 bedroom homes increased by 9.4%, and 5+ bedroom homes increased by 10.6%.
Number of Homes Sold
| May 2024 | Jun 2024 | CHANGE |
|---|---|---|
| 636 | 570 | -10.4% |
Asking Price vs. Sold Price
275 Homes Were Sold
Under Asking
150 Homes Were Sold
At Asking
145 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Honolulu County, you may be able to get a good deal. 48.2% of homes here sold below asking price last month.
Summary: A total of 570 homes were sold or pending in Honolulu County in June 2024, down by 10.4% month-over-month. Of the 570 sold homes, 48% were sold under asking, 26% were sold at asking, and 25% 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
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