Is Kalihi-Palama, HI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Last month, Kalihi-Palama was a Buyer's Market.
Key Takeaway
Kalihi-Palama is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Kalihi-Palama, HI
How much do homes in Kalihi-Palama, HI cost?
Median Sold Price
$375,000
$581/sqft
Based on all homes sold in April 2024.
Difference Since Last Month
Key Takeaway
Homes in Kalihi-Palama have sold for 20.2% more than they did a month ago.
Summary: The median home sold price in Kalihi-Palama was $375,000 in April 2024, up 20.2% from last month, and the median price per square foot was $581.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $282.5K | $275K | -2.7% |
| 2 Bedrooms | $333.5K | $375K | +12.4% |
| 3 Bedrooms | $600K | $450K | -25.0% |
| 4 Bedrooms | - | - | N/A |
| 5+ Bedrooms | - | - | N/A |
Summary: Kalihi-Palama housing prices by bedroom type for April 2024 compared to the previous month: The home price of 1 bedroom homes decreased by 2.7%, 2 bedroom homes increased by 12.4%, 3 bedroom homes decreased by 25%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Housing Supply in Kalihi-Palama, HI
How many homes are available in Kalihi-Palama, HI?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 44 | 43 | -2.3% |
Summary: The Kalihi-Palama real estate market had 43 homes for sale in April 2024, a 2.3% decrease compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 4 | 2 | -50.0% |
| 2 Bedrooms | 27 | 26 | -3.7% |
| 3 Bedrooms | 4 | 3 | -25.0% |
| 4 Bedrooms | 4 | 5 | +25.0% |
| 5+ Bedrooms | 5 | 7 | +40.0% |
Summary: The Kalihi-Palama housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes decreased by 3.7%, 3 bedroom homes decreased by 25%, 4 bedroom homes increased by 25%, and 5+ bedroom homes increased by 40%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 5 | 8 | +60.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Kalihi-Palama, you may be able to get a good deal. 37.5% of homes here sold below asking price last month.
Summary: A total of 8 homes were sold or pending in Kalihi-Palama in April 2024, up by 60.0% month-over-month. Of the 8 sold homes, 38% were sold under asking, 38% were sold at asking, and 25% were sold over asking.
Days on Market for Kalihi-Palama, HI
We’re sorry, we don't have information for this market at the moment
