Is Honolulu, 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 was a Seller's Market.
Housing Prices in Honolulu, HI
How much do homes in Honolulu, HI cost?
Median Sold Price
$647,094
$701/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Honolulu was $647,094 in March 2024, down 0.3% from last year, and the median price per square foot was $701.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $420.4K | $412K | -2.0% |
2 Bedrooms | $619.8K | $602.4K | -2.8% |
3 Bedrooms | $1.1M | $1.1M | +6.2% |
4 Bedrooms | $1.5M | $1.4M | -2.2% |
5+ Bedrooms | $1.4M | $1.4M | +0.8% |
Summary: Honolulu housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 2%, 2 bedroom homes decreased by 2.8%, 3 bedroom homes increased by 6.2%, 4 bedroom homes decreased by 2.2%, and 5+ bedroom homes increased by 0.8%.
Median Sold Price Compared To Nearby Cities
Honolulu | $648.8K | $647K | -0.3% |
Ewa | $761K | $756.9K | -0.5% |
Housing Supply in Honolulu, HI
How many homes are available in Honolulu, HI?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
1,642 | 1,836 | +11.8% |
Summary: The Honolulu real estate market had 1,836 homes for sale in March 2024, a 11.8% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 532 | 595 | +11.8% |
2 Bedrooms | 658 | 742 | +12.8% |
3 Bedrooms | 220 | 248 | +12.7% |
4 Bedrooms | 104 | 114 | +9.6% |
5+ Bedrooms | 128 | 137 | +7.0% |
Summary: The Honolulu housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 11.8%, 2 bedroom homes increased by 12.8%, 3 bedroom homes increased by 12.7%, 4 bedroom homes increased by 9.6%, and 5+ bedroom homes increased by 7%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
221 | 233 | +5.4% |
Asking Price vs. Sold Price
133 Homes Were Sold
Under Asking
48 Homes Were Sold
At Asking
52 Homes Were Sold
Over Asking
Summary: A total of 233 homes were sold or pending in Honolulu in March 2024, up by 5.4% month-over-month. Of the 233 sold homes, 57% were sold under asking, 21% were sold at asking, and 22% were sold over asking.
Days on Market for Honolulu, HI
We’re sorry, we don't have information for this market at the moment