Is Kahului, HI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Kahului has remained a Seller's Market.
Key Takeaway
Kahului is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Kahului, HI
How much do homes in Kahului, HI cost?
Median Sold Price
$972,000
$637/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Kahului have sold for 8% more than they did a year ago.
Summary: The median home sold price in Kahului was $972,000 in March 2024, up 8% from last year, and the median price per square foot was $637.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $184K | $179K | -2.7% |
| 2 Bedrooms | $255K | $278K | +9.0% |
| 3 Bedrooms | $925K | $1.0M | +13.5% |
| 4 Bedrooms | $995K | $1.1M | +13.1% |
| 5+ Bedrooms | $1.0M | $1.2M | +26.5% |
Summary: Kahului housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 2.7%, 2 bedroom homes increased by 9%, 3 bedroom homes increased by 13.5%, 4 bedroom homes increased by 13.1%, and 5+ bedroom homes increased by 26.5%.
Median Sold Price Compared To Nearby Cities
| Waihee-Waikapu | $1.1M | $1.3M | +17.9% |
| Kihei | $949.6K | $1.0M | +13.1% |
| Kahului | $900K | $972K | +8.0% |
| Wailuku | $849.5K | $875.8K | +3.1% |
Housing Supply in Kahului, HI
How many homes are available in Kahului, HI?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 42 | 34 | -19.0% |
Summary: The Kahului real estate market had 34 homes for sale in March 2024, a 19.0% decrease compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 16 | 11 | -31.3% |
| 3 Bedrooms | 13 | 9 | -30.8% |
| 4 Bedrooms | 4 | 6 | +50.0% |
| 5+ Bedrooms | 9 | 8 | -11.1% |
Summary: The Kahului housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 31.3%, 3 bedroom homes decreased by 30.8%, 4 bedroom homes increased by 50%, and 5+ bedroom homes decreased by 11.1%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 15 | 9 | -40.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Kahului, expect to pay close to the asking price. 44.4% of homes here sold near the asking price last month.
Summary: A total of 9 homes were sold or pending in Kahului in March 2024, down by 40.0% month-over-month. Of the 9 sold homes, 33% were sold under asking, 44% were sold at asking, and 22% were sold over asking.
Days on Market for Kahului, HI
We’re sorry, we don't have information for this market at the moment
© 2024 MLS Hawaii, Inc. All rights reserved.