Is Mililani / Waipio / Melemanu, HI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Mililani / Waipio / Melemanu has remained a Seller's Market.
Key Takeaway
Mililani / Waipio / Melemanu is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Mililani / Waipio / Melemanu, HI
How much do homes in Mililani / Waipio / Melemanu, HI cost?
Median Sold Price
$606,666
$567/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Mililani / Waipio / Melemanu have sold for 7.6% less than they did a year ago.
Summary: The median home sold price in Mililani / Waipio / Melemanu was $606,666 in April 2024, down 7.6% from last year, and the median price per square foot was $567.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $350K | $379.5K | +8.4% |
| 2 Bedrooms | $450K | $487.5K | +8.3% |
| 3 Bedrooms | $706.3K | $750K | +6.2% |
| 4 Bedrooms | $1.0M | $944.5K | -5.5% |
| 5+ Bedrooms | $1.1M | $1.2M | +3.0% |
Summary: Mililani / Waipio / Melemanu housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 8.4%, 2 bedroom homes increased by 8.3%, 3 bedroom homes increased by 6.2%, 4 bedroom homes decreased by 5.5%, and 5+ bedroom homes increased by 3%.
Median Sold Price Compared To Nearby Neighborhoods
| Pearl City | $840K | $880K | +4.8% |
| Mililani Mauka - Launani Valley | $599K | $615.9K | +2.8% |
| Waipahu | $731.5K | $730K | -0.2% |
| Kapolei / Honokai Hale | $795K | $791K | -0.5% |
| Mililani / Waipio / Melemanu | $656.6K | $606.6K | -7.6% |
Housing Supply in Mililani / Waipio / Melemanu, HI
How many homes are available in Mililani / Waipio / Melemanu, HI?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 96 | 106 | +10.4% |
Summary: The Mililani / Waipio / Melemanu real estate market had 106 homes for sale in April 2024, a 10.4% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 7 | 8 | +14.3% |
| 2 Bedrooms | 40 | 45 | +12.5% |
| 3 Bedrooms | 29 | 26 | -10.3% |
| 4 Bedrooms | 15 | 21 | +40.0% |
| 5+ Bedrooms | 5 | 6 | +20.0% |
Summary: The Mililani / Waipio / Melemanu housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 14.3%, 2 bedroom homes increased by 12.5%, 3 bedroom homes decreased by 10.3%, 4 bedroom homes increased by 40%, and 5+ bedroom homes increased by 20%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 18 | 20 | +11.1% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
9 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Mililani / Waipio / Melemanu, you could pay more than the asking price. 45% of homes here sold above asking price last month.
Summary: A total of 20 homes were sold or pending in Mililani / Waipio / Melemanu in April 2024, up by 11.1% month-over-month. Of the 20 sold homes, 20% were sold under asking, 35% were sold at asking, and 45% were sold over asking.
Days on Market for Mililani / Waipio / Melemanu, HI
We’re sorry, we don't have information for this market at the moment
