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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Waianae is a buyer's market

Buyer's
Market

Difference Since August 2023

At the same time last year, Waianae was a Seller's Market.

Key Takeaway

Waianae is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Waianae, HI

How much do homes in Waianae, HI cost?

Median Sold Price

$549,666

$450/sqft

Based on all homes sold in the last 12 months.

Difference Since August 2023

-$62,333(-10.2%)

Key Takeaway

Homes in Waianae have sold for 10.2% less than they did a year ago.

Summary: The median home sold price in Waianae was $549,666 in August 2024, down 10.2% from last year, and the median price per square foot was $450.

Median Sold Price By Bedroom Count

# BEDSAug 2023Aug 2024CHANGE
1 $265K$239K
-9.8%
2 $310K$314K
+1.3%
3 $632.5K$615K
-2.8%
4 $740K$670K
-9.5%
5+ $782.5K$849.5K
+8.6%

Summary: Waianae housing prices by bedroom type for August 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 9.8%, 2 bedroom homes increased by 1.3%, 3 bedroom homes decreased by 2.8%, 4 bedroom homes decreased by 9.5%, and 5+ bedroom homes increased by 8.6%.

Median Sold Price Compared To Nearby Cities

Waialua
+9.8%
Wahiawa
+1.3%
Kapolei
+1.0%
Waianae
-10.2%

Housing Supply in Waianae, HI

How many homes are available in Waianae, HI?

Number of Homes For Sale

Jul 2024Aug 2024CHANGE
225228+1.3%

Summary: The Waianae real estate market had 228 homes for sale in August 2024, a 1.3% increase compared to July 2024.

Homes For Sale By Bedroom Count

# BEDSJul 2024Aug 2024CHANGE
1 3326
-21.2%
2 3337
+12.1%
3 8788
+1.1%
4 4548
+6.7%
5+ 2729
+7.4%

Summary: The Waianae housing inventory by bedroom type for August 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 21.2%, 2 bedroom homes increased by 12.1%, 3 bedroom homes increased by 1.1%, 4 bedroom homes increased by 6.7%, and 5+ bedroom homes increased by 7.4%.

Number of Homes Sold

Jul 2024Aug 2024CHANGE
3429-14.7%

Asking Price vs. Sold Price

14 Homes Were Sold
Under Asking

8 Homes Were Sold
At Asking

7 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Waianae, you may be able to get a good deal. 48.3% of homes here sold below asking price last month.

Summary: A total of 29 homes were sold or pending in Waianae in August 2024, down by 14.7% month-over-month. Of the 29 sold homes, 48% were sold under asking, 28% were sold at asking, and 24% were sold over asking.

Days on Market for Waianae, HI

We’re sorry, we don't have information for this market at the moment

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

Report Updated 19 Days Ago

Newest Listings in Waianae, HI

Nearby Markets to Waianae, HI

What housing markets are near Waianae, HI?