Is Wailea, 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, Wailea was a Neutral Market.
Key Takeaway
Wailea is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Wailea, HI
How much do homes in Wailea, HI cost?
Median Sold Price
$1,750,000
$1,290/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Wailea have sold for 25% more than they did a year ago.
Summary: The median home sold price in Wailea was $1,750,000 in April 2024, up 25% from last year, and the median price per square foot was $1,290.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $1.1M | $980.5K | -10.9% |
| 2 Bedrooms | $1.1M | $1.5M | +33.6% |
| 3 Bedrooms | $2.5M | $2.5M | +1.5% |
| 4 Bedrooms | $2.5M | $3.7M | +43.9% |
| 5+ Bedrooms | $16.0M | $10.1M | -36.6% |
Summary: Wailea housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 10.9%, 2 bedroom homes increased by 33.6%, 3 bedroom homes increased by 1.5%, 4 bedroom homes increased by 43.9%, and 5+ bedroom homes decreased by 36.6%.
Housing Supply in Wailea, HI
How many homes are available in Wailea, HI?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 187 | 178 | -4.8% |
Summary: The Wailea real estate market had 178 homes for sale in April 2024, a 4.8% decrease compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 41 | 43 | +4.9% |
| 2 Bedrooms | 70 | 66 | -5.7% |
| 3 Bedrooms | 47 | 45 | -4.3% |
| 4 Bedrooms | 21 | 17 | -19.0% |
| 5+ Bedrooms | 8 | 7 | -12.5% |
Summary: The Wailea housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 4.9%, 2 bedroom homes decreased by 5.7%, 3 bedroom homes decreased by 4.3%, 4 bedroom homes decreased by 19%, and 5+ bedroom homes decreased by 12.5%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 37 | 19 | -48.6% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Wailea, you may be able to get a good deal. 47.4% of homes here sold below asking price last month.
Summary: A total of 19 homes were sold or pending in Wailea in April 2024, down by 48.6% month-over-month. Of the 19 sold homes, 47% were sold under asking, 32% were sold at asking, and 21% were sold over asking.
Days on Market for Wailea, HI
We’re sorry, we don't have information for this market at the moment
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