Is Kaneohe, HI a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Kaneohe is a seller's market

Buyer's
Market

Difference Since February 2023

Since last year, Kaneohe has remained a Seller's Market.

Key Takeaway

Kaneohe is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Kaneohe, HI

How much do homes in Kaneohe, HI cost?

Median Sold Price

$915,000

$696/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2023

+$19,000(+2.1%)

Key Takeaway

Homes in Kaneohe have sold for 2.1% more than they did a year ago.

Summary: The median home sold price in Kaneohe was $915,000 in February 2024, up 2.1% from last year, and the median price per square foot was $696.

Median Sold Price By Bedroom Count

# BEDSFeb 2023Feb 2024CHANGE
1 $504K$510K
+1.2%
2 $648K$634.5K
-2.1%
3 $943.2K$940K
-0.3%
4 $1.2M$1.2M
+3.0%
5+ $1.4M$1.5M
+7.4%

Summary: Kaneohe housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes increased by 1.2%, 2 bedroom homes decreased by 2.1%, 3 bedroom homes decreased by 0.3%, 4 bedroom homes increased by 3%, and 5+ bedroom homes increased by 7.4%.

Median Sold Price Compared To Nearby Neighborhoods

Kaneohe
+2.1%
Kailua
+0.6%

Housing Supply in Kaneohe, HI

How many homes are available in Kaneohe, HI?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
86103+19.8%

Summary: The Kaneohe real estate market had 103 homes for sale in February 2024, a 19.8% increase compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 11
0.0%
2 2123
+9.5%
3 4048
+20.0%
4 1417
+21.4%
5+ 1014
+40.0%

Summary: The Kaneohe housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 9.5%, 3 bedroom homes increased by 20%, 4 bedroom homes increased by 21.4%, and 5+ bedroom homes increased by 40%.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
1525+66.7%

Asking Price vs. Sold Price

16 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

5 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Kaneohe, you may be able to get a good deal. 64% of homes here sold below asking price last month.

Summary: A total of 25 homes were sold or pending in Kaneohe in February 2024, up by 66.7% month-over-month. Of the 25 sold homes, 64% were sold under asking, 16% 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

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 27 Days Ago

Newest Listings in Kaneohe, HI

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