Is West Molokai, HI a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing West Molokai is a buyer's market

Buyer's
Market

Difference Since Last Month

Since last month, West Molokai has remained a Buyer's Market.

Key Takeaway

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

Housing Prices in West Molokai, HI

How much do homes in West Molokai, HI cost?

Median Sold Price

$467,500

$503/sqft

Based on all homes sold in September 2024.

Difference Since Last Month

-$755,000(-61.8%)

Key Takeaway

Homes in West Molokai have sold for 61.8% less than they did a month ago.

Summary: The median home sold price in West Molokai was $467,500 in September 2024, down 61.8% from last month, and the median price per square foot was $503.

Median Sold Price By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 -$865K
N/A
2 $1.2M$420K
-65.6%
3 --
N/A
4 --
N/A
5+ --
N/A

Summary: West Molokai housing prices by bedroom type for September 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 65.6%, 3 bedroom homes did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Housing Supply in West Molokai, HI

How many homes are available in West Molokai, HI?

Number of Homes For Sale

Aug 2024Sep 2024CHANGE
3639+8.3%

Summary: The West Molokai real estate market had 39 homes for sale in September 2024, a 8.3% increase compared to August 2024.

Homes For Sale By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 1517
+13.3%
2 1514
-6.7%
3 46
+50.0%
4 22
0.0%
5+ 00
0.0%

Summary: The West Molokai housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 13.3%, 2 bedroom homes decreased by 6.7%, 3 bedroom homes increased by 50%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Aug 2024Sep 2024CHANGE
24+100.0%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in West Molokai, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 4 homes were sold or pending in West Molokai in September 2024, up by 100.0% month-over-month. Of the 4 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for West Molokai, 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 30 Days Ago

Newest Listings in West Molokai, HI

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