Is Makakilo, HI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Makakilo was a Seller's Market.
Key Takeaway
Makakilo is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Makakilo, HI
How much do homes in Makakilo, HI cost?
Median Sold Price
$697,000
$595/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Makakilo have sold for 2.5% less than they did a year ago.
Summary: The median home sold price in Makakilo was $697,000 in April 2024, down 2.5% from last year, and the median price per square foot was $595.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $525K | $520K | -1.0% |
| 3 Bedrooms | $799K | $770K | -3.6% |
| 4 Bedrooms | $960K | $922.5K | -3.9% |
| 5+ Bedrooms | $1.2M | $1.2M | +2.5% |
Summary: Makakilo housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 1%, 3 bedroom homes decreased by 3.6%, 4 bedroom homes decreased by 3.9%, and 5+ bedroom homes increased by 2.5%.
Median Sold Price Compared To Nearby Neighborhoods
| Kapolei / Honokai Hale | $795K | $791K | -0.5% |
| Makakilo | $715K | $697K | -2.5% |
Housing Supply in Makakilo, HI
How many homes are available in Makakilo, HI?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 70 | 77 | +10.0% |
Summary: The Makakilo real estate market had 77 homes for sale in April 2024, a 10.0% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 15 | 15 | 0.0% |
| 3 Bedrooms | 29 | 34 | +17.2% |
| 4 Bedrooms | 21 | 22 | +4.8% |
| 5+ Bedrooms | 5 | 6 | +20.0% |
Summary: The Makakilo housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 17.2%, 4 bedroom homes increased by 4.8%, and 5+ bedroom homes increased by 20%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 16 | 9 | -43.8% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Makakilo, you may be able to get a good deal. 44.4% of homes here sold below asking price last month.
Summary: A total of 9 homes were sold or pending in Makakilo in April 2024, down by 43.8% month-over-month. Of the 9 sold homes, 44% were sold under asking, 44% were sold at asking, and 11% were sold over asking.
Days on Market for Makakilo, HI
We’re sorry, we don't have information for this market at the moment
