Is Makiki / Lower Punchbowl / Tantalu, 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, Makiki / Lower Punchbowl / Tantalu was a Seller's Market.
Key Takeaway
Makiki / Lower Punchbowl / Tantalu 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 Makiki / Lower Punchbowl / Tantalu, HI
How much do homes in Makiki / Lower Punchbowl / Tantalu, HI cost?
Median Sold Price
$410,000
$587/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Makiki / Lower Punchbowl / Tantalu have sold for 1% less than they did a year ago.
Summary: The median home sold price in Makiki / Lower Punchbowl / Tantalu was $410,000 in April 2024, down 1% from last year, and the median price per square foot was $587.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $355K | $345K | -2.8% |
| 2 Bedrooms | $455K | $440K | -3.3% |
| 3 Bedrooms | $632.5K | $675K | +6.7% |
| 4 Bedrooms | $1.6M | $1.1M | -28.5% |
| 5+ Bedrooms | $1.4M | $5.8M | +291.8% |
Summary: Makiki / Lower Punchbowl / Tantalu housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 2.8%, 2 bedroom homes decreased by 3.3%, 3 bedroom homes increased by 6.7%, 4 bedroom homes decreased by 28.5%, and 5+ bedroom homes increased by 291.8%.
Median Sold Price Compared To Nearby Neighborhoods
| Makiki / Lower Punchbowl / Tantalu | $414K | $410K | -1.0% |
| Makiki | $372.5K | $340K | -8.7% |
Housing Supply in Makiki / Lower Punchbowl / Tantalu, HI
How many homes are available in Makiki / Lower Punchbowl / Tantalu, HI?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 162 | 191 | +17.9% |
Summary: The Makiki / Lower Punchbowl / Tantalu real estate market had 191 homes for sale in April 2024, a 17.9% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 47 | 54 | +14.9% |
| 2 Bedrooms | 86 | 96 | +11.6% |
| 3 Bedrooms | 15 | 22 | +46.7% |
| 4 Bedrooms | 4 | 7 | +75.0% |
| 5+ Bedrooms | 10 | 12 | +20.0% |
Summary: The Makiki / Lower Punchbowl / Tantalu housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 14.9%, 2 bedroom homes increased by 11.6%, 3 bedroom homes increased by 46.7%, 4 bedroom homes increased by 75%, and 5+ bedroom homes increased by 20%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 17 | 30 | +76.5% |
Asking Price vs. Sold Price
17 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Makiki / Lower Punchbowl / Tantalu, you may be able to get a good deal. 56.7% of homes here sold below asking price last month.
Summary: A total of 30 homes were sold or pending in Makiki / Lower Punchbowl / Tantalu in April 2024, up by 76.5% month-over-month. Of the 30 sold homes, 57% were sold under asking, 27% were sold at asking, and 17% were sold over asking.
Days on Market for Makiki / Lower Punchbowl / Tantalu, HI
We’re sorry, we don't have information for this market at the moment
