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 February 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

$605,666

$464/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2023

+$33,000(+5.8%)

Key Takeaway

Homes in Waianae have sold for 5.8% more than they did a year ago.

Summary: The median home sold price in Waianae was $605,666 in February 2024, up 5.8% from last year, and the median price per square foot was $464.

Median Sold Price By Bedroom Count

# BEDSFeb 2023Feb 2024CHANGE
1 $245K$249K
+1.6%
2 $297.4K$314K
+5.5%
3 $625K$630K
+0.8%
4 $744.4K$745K
0.1%
5+ $825K$797K
-3.4%

Summary: Waianae housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes increased by 1.6%, 2 bedroom homes increased by 5.5%, 3 bedroom homes increased by 0.8%, 4 bedroom homes increased by 0.1%, and 5+ bedroom homes decreased by 3.4%.

Median Sold Price Compared To Nearby Cities

Waianae
+5.8%
Kapolei
-1.3%
Wahiawa
-3.6%
Waialua
-4.0%

Housing Supply in Waianae, HI

How many homes are available in Waianae, HI?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
197218+10.7%

Summary: The Waianae real estate market had 218 homes for sale in February 2024, a 10.7% increase compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 2732
+18.5%
2 3337
+12.1%
3 7278
+8.3%
4 3945
+15.4%
5+ 2626
0.0%

Summary: The Waianae housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 18.5%, 2 bedroom homes increased by 12.1%, 3 bedroom homes increased by 8.3%, 4 bedroom homes increased by 15.4%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
2722-18.5%

Asking Price vs. Sold Price

13 Homes Were Sold
Under Asking

7 Homes Were Sold
At Asking

2 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. 59.1% of homes here sold below asking price last month.

Summary: A total of 22 homes were sold or pending in Waianae in February 2024, down by 18.5% month-over-month. Of the 22 sold homes, 59% were sold under asking, 32% were sold at asking, and 9% 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 28 Days Ago

Newest Listings in Waianae, HI

Nearby Markets to Waianae, HI

What housing markets are near Waianae, HI?