Is Kihei, 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, Kihei was a Seller's Market.
Key Takeaway
Kihei 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 Kihei, HI
How much do homes in Kihei, HI cost?
Median Sold Price
$1,099,916
$1,094/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Kihei have sold for 15.8% more than they did a year ago.
Summary: The median home sold price in Kihei was $1,099,916 in April 2024, up 15.8% from last year, and the median price per square foot was $1,094.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $750K | $799K | +6.5% |
| 2 Bedrooms | $899.3K | $1.0M | +11.2% |
| 3 Bedrooms | $1.2M | $1.5M | +20.0% |
| 4 Bedrooms | $2.4M | $2.7M | +11.3% |
| 5+ Bedrooms | $1.6M | $1.6M | +1.6% |
Summary: Kihei housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 6.5%, 2 bedroom homes increased by 11.2%, 3 bedroom homes increased by 20%, 4 bedroom homes increased by 11.3%, and 5+ bedroom homes increased by 1.6%.
Median Sold Price Compared To Nearby Cities
| Waihee-Waikapu | $1.1M | $1.3M | +19.5% |
| Kihei | $949.8K | $1.0M | +15.8% |
| Lahaina | $980K | $1.0M | +3.1% |
Housing Supply in Kihei, HI
How many homes are available in Kihei, HI?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 408 | 429 | +5.1% |
Summary: The Kihei real estate market had 429 homes for sale in April 2024, a 5.1% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 116 | 123 | +6.0% |
| 2 Bedrooms | 159 | 166 | +4.4% |
| 3 Bedrooms | 83 | 85 | +2.4% |
| 4 Bedrooms | 33 | 38 | +15.2% |
| 5+ Bedrooms | 17 | 17 | 0.0% |
Summary: The Kihei housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 6%, 2 bedroom homes increased by 4.4%, 3 bedroom homes increased by 2.4%, 4 bedroom homes increased by 15.2%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 64 | 69 | +7.8% |
Asking Price vs. Sold Price
42 Homes Were Sold
Under Asking
17 Homes Were Sold
At Asking
10 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Kihei, you may be able to get a good deal. 60.9% of homes here sold below asking price last month.
Summary: A total of 69 homes were sold or pending in Kihei in April 2024, up by 7.8% month-over-month. Of the 69 sold homes, 61% were sold under asking, 25% were sold at asking, and 14% were sold over asking.
Days on Market for Kihei, HI
We’re sorry, we don't have information for this market at the moment
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