Is Wailuku, HI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Wailuku has remained a Seller's Market.
Key Takeaway
Wailuku is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Wailuku, HI
How much do homes in Wailuku, HI cost?
Median Sold Price
$875,833
$708/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Wailuku have sold for 3.1% more than they did a year ago.
Summary: The median home sold price in Wailuku was $875,833 in March 2024, up 3.1% from last year, and the median price per square foot was $708.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $452.5K | $452K | -0.1% |
| 2 Bedrooms | $575K | $587K | +2.1% |
| 3 Bedrooms | $875K | $1.0M | +19.5% |
| 4 Bedrooms | $1.1M | $1.2M | +6.7% |
| 5+ Bedrooms | $1.1M | $1.5M | +40.7% |
Summary: Wailuku housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 0.1%, 2 bedroom homes increased by 2.1%, 3 bedroom homes increased by 19.5%, 4 bedroom homes increased by 6.7%, and 5+ bedroom homes increased by 40.7%.
Median Sold Price Compared To Nearby Cities
| Waihee-Waikapu | $1.1M | $1.3M | +17.9% |
| Kahului | $900K | $972K | +8.0% |
| Wailuku | $849.5K | $875.8K | +3.1% |
Housing Supply in Wailuku, HI
How many homes are available in Wailuku, HI?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 88 | 95 | +8.0% |
Summary: The Wailuku real estate market had 95 homes for sale in March 2024, a 8.0% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 13 | 14 | +7.7% |
| 2 Bedrooms | 18 | 25 | +38.9% |
| 3 Bedrooms | 44 | 41 | -6.8% |
| 4 Bedrooms | 9 | 9 | 0.0% |
| 5+ Bedrooms | 4 | 6 | +50.0% |
Summary: The Wailuku housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 7.7%, 2 bedroom homes increased by 38.9%, 3 bedroom homes decreased by 6.8%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 16 | 24 | +50.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
13 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Wailuku, expect to pay close to the asking price. 54.2% of homes here sold near the asking price last month.
Summary: A total of 24 homes were sold or pending in Wailuku in March 2024, up by 50.0% month-over-month. Of the 24 sold homes, 21% were sold under asking, 54% were sold at asking, and 25% were sold over asking.
Days on Market for Wailuku, HI
We’re sorry, we don't have information for this market at the moment
