Is Waikiki, HI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Waikiki was a Seller's Market.
Housing Prices in Waikiki, HI
How much do homes in Waikiki, HI cost?
Median Sold Price
$520,500
$744/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Waikiki was $520,500 in April 2024, up 4.2% from last year, and the median price per square foot was $744.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $439.4K | $439.7K | 0.1% |
2 Bedrooms | $603K | $620K | +2.8% |
3 Bedrooms | $862.5K | $896K | +3.9% |
4 Bedrooms | - | $1.3M | N/A |
5+ Bedrooms | - | - | N/A |
Summary: Waikiki housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 0.1%, 2 bedroom homes increased by 2.8%, 3 bedroom homes increased by 3.9%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Neighborhoods
Waikiki | $499.6K | $520.5K | +4.2% |
Kapiolani | $575K | $589K | +2.4% |
Ala Moana / Kakaako | $839.4K | $843.8K | 0.5% |
McCully / Moiliili | $470K | $440K | -6.4% |
Housing Supply in Waikiki, HI
How many homes are available in Waikiki, HI?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
449 | 489 | +8.9% |
Summary: The Waikiki real estate market had 489 homes for sale in April 2024, a 8.9% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 248 | 270 | +8.9% |
2 Bedrooms | 177 | 194 | +9.6% |
3 Bedrooms | 23 | 24 | +4.3% |
4 Bedrooms | 1 | 1 | 0.0% |
5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Waikiki housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 8.9%, 2 bedroom homes increased by 9.6%, 3 bedroom homes increased by 4.3%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
57 | 76 | +33.3% |
Asking Price vs. Sold Price
55 Homes Were Sold
Under Asking
16 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Summary: A total of 76 homes were sold or pending in Waikiki in April 2024, up by 33.3% month-over-month. Of the 76 sold homes, 72% were sold under asking, 21% were sold at asking, and 7% were sold over asking.
Days on Market for Waikiki, HI
We’re sorry, we don't have information for this market at the moment