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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Mililani is a seller's market

Buyer's
Market

Difference Since December 2023

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

Key Takeaway

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

Housing Prices in Mililani, HI

How much do homes in Mililani, HI cost?

Median Sold Price

$611,666

$609/sqft

Based on all homes sold in the last 12 months.

Difference Since December 2023

+$22,000(+3.7%)

Key Takeaway

Homes in Mililani have sold for 3.7% more than they did a year ago.

Summary: The median home sold price in Mililani was $611,666 in December 2024, up 3.7% from last year, and the median price per square foot was $609.

Median Sold Price By Bedroom Count

# BEDSDec 2023Dec 2024CHANGE
1 $387.2K$389K
0.5%
2 $508K$500K
-1.6%
3 $780K$733K
-6.0%
4 $1.0M$1.0M
-0.5%
5+ $1.2M$1.2M
+4.5%

Summary: Mililani housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes increased by 0.5%, 2 bedroom homes decreased by 1.6%, 3 bedroom homes decreased by 6%, 4 bedroom homes decreased by 0.5%, and 5+ bedroom homes increased by 4.5%.

Median Sold Price Compared To Nearby Cities

Mililani
+3.7%
Ewa
+2.0%
Koolauloa
0.0%
Hauula
-4.8%

Housing Supply in Mililani, HI

How many homes are available in Mililani, HI?

Number of Homes For Sale

Nov 2024Dec 2024CHANGE
166158-4.8%

Summary: The Mililani real estate market had 158 homes for sale in December 2024, a 4.8% decrease compared to November 2024.

Homes For Sale By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 1412
-14.3%
2 7163
-11.3%
3 5048
-4.0%
4 2729
+7.4%
5+ 46
+50.0%

Summary: The Mililani housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 14.3%, 2 bedroom homes decreased by 11.3%, 3 bedroom homes decreased by 4%, 4 bedroom homes increased by 7.4%, and 5+ bedroom homes increased by 50%.

Number of Homes Sold

Nov 2024Dec 2024CHANGE
3129-6.5%

Asking Price vs. Sold Price

16 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

9 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Mililani, you may be able to get a good deal. 55.2% of homes here sold below asking price last month.

Summary: A total of 29 homes were sold or pending in Mililani in December 2024, down by 6.5% month-over-month. Of the 29 sold homes, 55% were sold under asking, 14% were sold at asking, and 31% were sold over asking.

Days on Market for Mililani, HI

How long does it take to sell a home in Mililani, HI?

Average Sale Time

Dec 2023Dec 2024CHANGE
40 Days46 Days+17.2%

Summary: Homes in Mililani had an average of 46 days on market in Dec 2024, up by 17.2% compared to last year.

Breakdown of Home Sale Times

11 Homes Were Sold
Under 30 Days

14 Homes Were Sold
In 30 - 90 Days

4 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Mililani has remained consistent over time.

Summary: During December 2024, 29 homes were sold in Mililani; 38% of homes were sold within 30 days, 48% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.

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

Report Updated 16 Days Ago

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