Is Honolulu, 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, Honolulu was a Seller's Market.
Key Takeaway
Honolulu is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Honolulu, HI
How much do homes in Honolulu, HI cost?
Median Sold Price
$652,058
$706/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Honolulu have sold for 1.2% more than they did a year ago.
Summary: The median home sold price in Honolulu was $652,058 in April 2024, up 1.2% from last year, and the median price per square foot was $706.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $413.8K | $420K | +1.5% |
| 2 Bedrooms | $617.7K | $600.2K | -2.8% |
| 3 Bedrooms | $1.1M | $1.1M | +6.0% |
| 4 Bedrooms | $1.5M | $1.4M | -1.7% |
| 5+ Bedrooms | $1.4M | $1.5M | +5.0% |
Summary: Honolulu housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 1.5%, 2 bedroom homes decreased by 2.8%, 3 bedroom homes increased by 6%, 4 bedroom homes decreased by 1.7%, and 5+ bedroom homes increased by 5%.
Median Sold Price Compared To Nearby Cities
| Ewa | $751.6K | $762.5K | +1.5% |
| Honolulu | $644.5K | $652K | +1.2% |
Housing Supply in Honolulu, HI
How many homes are available in Honolulu, HI?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 1,696 | 1,887 | +11.3% |
Summary: The Honolulu real estate market had 1,887 homes for sale in April 2024, a 11.3% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 543 | 592 | +9.0% |
| 2 Bedrooms | 685 | 767 | +12.0% |
| 3 Bedrooms | 235 | 261 | +11.1% |
| 4 Bedrooms | 106 | 125 | +17.9% |
| 5+ Bedrooms | 127 | 142 | +11.8% |
Summary: The Honolulu housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 9%, 2 bedroom homes increased by 12%, 3 bedroom homes increased by 11.1%, 4 bedroom homes increased by 17.9%, and 5+ bedroom homes increased by 11.8%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 233 | 308 | +32.2% |
Asking Price vs. Sold Price
187 Homes Were Sold
Under Asking
68 Homes Were Sold
At Asking
53 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Honolulu, you may be able to get a good deal. 60.7% of homes here sold below asking price last month.
Summary: A total of 308 homes were sold or pending in Honolulu in April 2024, up by 32.2% month-over-month. Of the 308 sold homes, 61% were sold under asking, 22% were sold at asking, and 17% were sold over asking.
Days on Market for Honolulu, HI
We’re sorry, we don't have information for this market at the moment
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