Is Mililani Mauka - Launani Valley, HI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Mililani Mauka - Launani Valley has remained a Seller's Market.
Key Takeaway
Mililani Mauka - Launani Valley is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Mililani Mauka - Launani Valley, HI
How much do homes in Mililani Mauka - Launani Valley, HI cost?
Median Sold Price
$578,000
$681/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Mililani Mauka - Launani Valley have sold for 6% less than they did a year ago.
Summary: The median home sold price in Mililani Mauka - Launani Valley was $578,000 in March 2024, down 6% from last year, and the median price per square foot was $681.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $392K | $417K | +6.4% |
| 2 Bedrooms | $530.5K | $539K | +1.6% |
| 3 Bedrooms | $916K | $922.5K | +0.7% |
| 4 Bedrooms | $1.3M | $1.4M | +15.1% |
| 5+ Bedrooms | $1.8M | - | N/A |
Summary: Mililani Mauka - Launani Valley housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 6.4%, 2 bedroom homes increased by 1.6%, 3 bedroom homes increased by 0.7%, 4 bedroom homes increased by 15.1%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Neighborhoods
| Pearl City | $831K | $870K | +4.7% |
| Mililani Mauka - Launani Valley | $615K | $578K | -6.0% |
| Kahaluu | $1.0M | $895K | -14.8% |
Housing Supply in Mililani Mauka - Launani Valley, HI
How many homes are available in Mililani Mauka - Launani Valley, HI?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 48 | 52 | +8.3% |
Summary: The Mililani Mauka - Launani Valley real estate market had 52 homes for sale in March 2024, a 8.3% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 4 | 3 | -25.0% |
| 2 Bedrooms | 24 | 31 | +29.2% |
| 3 Bedrooms | 12 | 12 | 0.0% |
| 4 Bedrooms | 8 | 6 | -25.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Mililani Mauka - Launani Valley housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 25%, 2 bedroom homes increased by 29.2%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 25%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 11 | 18 | +63.6% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Mililani Mauka - Launani Valley, you could pay more than the asking price. 44.4% of homes here sold above asking price last month.
Summary: A total of 18 homes were sold or pending in Mililani Mauka - Launani Valley in March 2024, up by 63.6% month-over-month. Of the 18 sold homes, 28% were sold under asking, 28% were sold at asking, and 44% were sold over asking.
Days on Market for Mililani Mauka - Launani Valley, HI
We’re sorry, we don't have information for this market at the moment
