Is Kapolei, HI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since August 2022
Since last year, Kapolei has remained a Seller's Market.
Key Takeaway
Kapolei is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices
How much do homes in Kapolei, HI cost?
Median Sold Price
$770,000
$619/sqft
Based on all homes sold in the last 12 months.
Difference Since August 2022
Key Takeaway
Homes in Kapolei have sold for 3.7% less than they did a year ago.
Summary: The median home sold price in Kapolei was $770,000 in August 2023, down 3.8% from last year, and the median price per square foot was $619.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Aug 2022 | Aug 2023 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $397.5K | $390K | -1.9% |
| 2 Bedrooms | $560.5K | $555.2K | -0.9% |
| 3 Bedrooms | $828.5K | $810K | -2.2% |
| 4 Bedrooms | $1.0M | $972.5K | -2.9% |
| 5+ Bedrooms | $1.2M | $1.1M | -10.7% |
Summary: Kapolei housing prices by bedroom type for August 2023 compared to the previous year: The home price of 1 bedroom homes decreased by 1.9%, 2 bedroom homes decreased by 0.9%, 3 bedroom homes decreased by 2.2%, 4 bedroom homes decreased by 2.9%, and 5+ bedroom homes decreased by 10.7%.
Housing Supply
How many homes are available in Kapolei, HI?
Number of Homes For Sale
| Jul 2023 | Aug 2023 | CHANGE |
|---|---|---|
| 157 | 167 | +6.4% |
Summary: The Kapolei real estate market had 167 homes for sale in August 2023, a 6.4% increase compared to July 2023.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Jul 2023 | Aug 2023 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 46 | 47 | +2.2% |
| 3 Bedrooms | 68 | 75 | +10.3% |
| 4 Bedrooms | 35 | 36 | +2.9% |
| 5+ Bedrooms | 8 | 9 | +12.5% |
Summary: The Kapolei housing inventory by bedroom type for August 2023 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 2.2%, 3 bedroom homes increased by 10.3%, 4 bedroom homes increased by 2.9%, and 5+ bedroom homes increased by 12.5%.
Number of Homes Sold
| Jul 2023 | Aug 2023 | CHANGE |
|---|---|---|
| 31 | 38 | +22.6% |
Asking Price vs. Sold Price
14 Homes Were Sold
Under Asking
11 Homes Were Sold
At Asking
13 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Kapolei, you may be able to get a good deal. 36.8% of homes here sold below asking price last month.
Summary: A total of 38 homes were sold or pending in Kapolei in August 2023, up by 22.6% month-over-month. Of the 38 sold homes, 37% were sold under asking, 29% were sold at asking, and 34% were sold over asking.
