Is Honolulu County, HI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 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
$737,321
$652/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Honolulu County have sold for 1% less than they did a year ago.
Summary: The median home sold price in Honolulu County was $737,321 in March 2024, down 1% from last year, and the median price per square foot was $652.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $409.5K | $406K | -0.9% |
| 2 Bedrooms | $555.6K | $550.2K | -1.0% |
| 3 Bedrooms | $864.5K | $856.9K | -0.9% |
| 4 Bedrooms | $1.1M | $1.1M | -6.1% |
| 5+ Bedrooms | $1.3M | $1.2M | -2.5% |
Summary: Honolulu County 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 decreased by 1%, 3 bedroom homes decreased by 0.9%, 4 bedroom homes decreased by 6.1%, and 5+ bedroom homes decreased by 2.5%.
Housing Supply in Honolulu County, HI
How many homes are available in Honolulu County, HI?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 3,065 | 3,424 | +11.7% |
Summary: The Honolulu County real estate market had 3,424 homes for sale in March 2024, a 11.7% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 621 | 704 | +13.4% |
| 2 Bedrooms | 982 | 1,114 | +13.4% |
| 3 Bedrooms | 767 | 857 | +11.7% |
| 4 Bedrooms | 426 | 455 | +6.8% |
| 5+ Bedrooms | 269 | 294 | +9.3% |
Summary: The Honolulu County housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 13.4%, 2 bedroom homes increased by 13.4%, 3 bedroom homes increased by 11.7%, 4 bedroom homes increased by 6.8%, and 5+ bedroom homes increased by 9.3%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 461 | 517 | +12.1% |
Asking Price vs. Sold Price
275 Homes Were Sold
Under Asking
114 Homes Were Sold
At Asking
128 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. 53.2% of homes here sold below asking price last month.
Summary: A total of 517 homes were sold or pending in Honolulu County in March 2024, up by 12.1% month-over-month. Of the 517 sold homes, 53% were sold under asking, 22% 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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