Is Makawao-Paia, 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, Makawao-Paia was a Seller's Market.
Housing Prices in Makawao-Paia, HI
How much do homes in Makawao-Paia, HI cost?
Median Sold Price
$992,500
$784/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Makawao-Paia was $992,500 in March 2024, up 4.5% from last year, and the median price per square foot was $784.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $700K | $819.2K | +17.0% |
2 Bedrooms | $845K | $945K | +11.8% |
3 Bedrooms | $975K | $950K | -2.6% |
4 Bedrooms | $999K | $1.3M | +37.1% |
5+ Bedrooms | $1.2M | $1.5M | +25.0% |
Summary: Makawao-Paia housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 17%, 2 bedroom homes increased by 11.8%, 3 bedroom homes decreased by 2.6%, 4 bedroom homes increased by 37.1%, and 5+ bedroom homes increased by 25%.
Median Sold Price Compared To Nearby Cities
Kula | $1.9M | $2.4M | +23.9% |
Makawao-Paia | $950K | $992.5K | +4.5% |
Housing Supply in Makawao-Paia, HI
How many homes are available in Makawao-Paia, HI?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
49 | 45 | -8.2% |
Summary: The Makawao-Paia real estate market had 45 homes for sale in March 2024, a 8.2% decrease compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 3 | +50.0% |
2 Bedrooms | 7 | 8 | +14.3% |
3 Bedrooms | 22 | 20 | -9.1% |
4 Bedrooms | 13 | 10 | -23.1% |
5+ Bedrooms | 5 | 4 | -20.0% |
Summary: The Makawao-Paia housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes increased by 14.3%, 3 bedroom homes decreased by 9.1%, 4 bedroom homes decreased by 23.1%, and 5+ bedroom homes decreased by 20%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
12 | 7 | -41.7% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 7 homes were sold or pending in Makawao-Paia in March 2024, down by 41.7% month-over-month. Of the 7 sold homes, 71% were sold under asking, 14% were sold at asking, and 14% were sold over asking.
Days on Market for Makawao-Paia, HI
We’re sorry, we don't have information for this market at the moment