Is Kaneohe, 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, Kaneohe was a Seller's Market.
Key Takeaway
Kaneohe is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Kaneohe, HI
How much do homes in Kaneohe, HI cost?
Median Sold Price
$915,000
$691/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Kaneohe have sold for 3.6% more than they did a year ago.
Summary: The median home sold price in Kaneohe was $915,000 in March 2024, up 3.6% from last year, and the median price per square foot was $691.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $504K | $512.5K | +1.7% |
| 2 Bedrooms | $644K | $627K | -2.6% |
| 3 Bedrooms | $950K | $929K | -2.2% |
| 4 Bedrooms | $1.2M | $1.3M | +7.2% |
| 5+ Bedrooms | $1.4M | $1.5M | +9.7% |
Summary: Kaneohe housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 1.7%, 2 bedroom homes decreased by 2.6%, 3 bedroom homes decreased by 2.2%, 4 bedroom homes increased by 7.2%, and 5+ bedroom homes increased by 9.7%.
Median Sold Price Compared To Nearby Neighborhoods
| Kaneohe | $883.3K | $915K | +3.6% |
| Kailua | $1.4M | $1.4M | +2.2% |
| Moanalua | $1.1M | $1.1M | -6.0% |
Housing Supply in Kaneohe, HI
How many homes are available in Kaneohe, HI?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 102 | 106 | +3.9% |
Summary: The Kaneohe real estate market had 106 homes for sale in March 2024, a 3.9% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 2 | +100.0% |
| 2 Bedrooms | 22 | 26 | +18.2% |
| 3 Bedrooms | 49 | 45 | -8.2% |
| 4 Bedrooms | 16 | 17 | +6.3% |
| 5+ Bedrooms | 14 | 16 | +14.3% |
Summary: The Kaneohe housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 18.2%, 3 bedroom homes decreased by 8.2%, 4 bedroom homes increased by 6.3%, and 5+ bedroom homes increased by 14.3%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 24 | 15 | -37.5% |
Asking Price vs. Sold Price
11 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Kaneohe, you may be able to get a good deal. 73.3% of homes here sold below asking price last month.
Summary: A total of 15 homes were sold or pending in Kaneohe in March 2024, down by 37.5% month-over-month. Of the 15 sold homes, 73% were sold under asking, 7% were sold at asking, and 20% were sold over asking.
Days on Market for Kaneohe, HI
We’re sorry, we don't have information for this market at the moment
