Is Kihei, 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, Kihei was a Seller's Market.
Key Takeaway
Kihei is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Kihei, HI
How much do homes in Kihei, HI cost?
Median Sold Price
$1,073,750
$1,091/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Kihei have sold for 13.1% more than they did a year ago.
Summary: The median home sold price in Kihei was $1,073,750 in March 2024, up 13.1% from last year, and the median price per square foot was $1,091.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $741K | $800K | +8.0% |
| 2 Bedrooms | $890K | $950K | +6.7% |
| 3 Bedrooms | $1.3M | $1.4M | +9.8% |
| 4 Bedrooms | $2.1M | $2.7M | +29.3% |
| 5+ Bedrooms | $1.9M | $1.5M | -19.1% |
Summary: Kihei housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 8%, 2 bedroom homes increased by 6.7%, 3 bedroom homes increased by 9.8%, 4 bedroom homes increased by 29.3%, and 5+ bedroom homes decreased by 19.1%.
Median Sold Price Compared To Nearby Cities
| Waihee-Waikapu | $1.1M | $1.3M | +17.9% |
| Kihei | $949.6K | $1.0M | +13.1% |
| Lahaina | $1.0M | $1.0M | +2.1% |
Housing Supply in Kihei, HI
How many homes are available in Kihei, HI?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 366 | 402 | +9.8% |
Summary: The Kihei real estate market had 402 homes for sale in March 2024, a 9.8% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 104 | 113 | +8.7% |
| 2 Bedrooms | 133 | 151 | +13.5% |
| 3 Bedrooms | 80 | 87 | +8.8% |
| 4 Bedrooms | 32 | 35 | +9.4% |
| 5+ Bedrooms | 17 | 16 | -5.9% |
Summary: The Kihei housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 8.7%, 2 bedroom homes increased by 13.5%, 3 bedroom homes increased by 8.8%, 4 bedroom homes increased by 9.4%, and 5+ bedroom homes decreased by 5.9%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 47 | 66 | +40.4% |
Asking Price vs. Sold Price
32 Homes Were Sold
Under Asking
19 Homes Were Sold
At Asking
15 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Kihei, you may be able to get a good deal. 48.5% of homes here sold below asking price last month.
Summary: A total of 66 homes were sold or pending in Kihei in March 2024, up by 40.4% month-over-month. Of the 66 sold homes, 48% were sold under asking, 29% were sold at asking, and 23% were sold over asking.
Days on Market for Kihei, HI
We’re sorry, we don't have information for this market at the moment
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