Is Pearl City, HI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Pearl City has remained a Seller's Market.
Key Takeaway
Pearl City is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Pearl City, HI
How much do homes in Pearl City, HI cost?
Median Sold Price
$880,000
$617/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Pearl City have sold for 4.8% more than they did a year ago.
Summary: The median home sold price in Pearl City was $880,000 in April 2024, up 4.8% from last year, and the median price per square foot was $617.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $337.5K | $330.7K | -2.0% |
| 2 Bedrooms | $495K | $460K | -7.1% |
| 3 Bedrooms | $826.5K | $885K | +7.1% |
| 4 Bedrooms | $1.0M | $1.0M | +4.3% |
| 5+ Bedrooms | $1.0M | $1.1M | +2.7% |
Summary: Pearl City housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 2%, 2 bedroom homes decreased by 7.1%, 3 bedroom homes increased by 7.1%, 4 bedroom homes increased by 4.3%, and 5+ bedroom homes increased by 2.7%.
Median Sold Price Compared To Nearby Neighborhoods
| Pearl City | $840K | $880K | +4.8% |
| Mililani Mauka - Launani Valley | $599K | $615.9K | +2.8% |
| Waipahu | $731.5K | $730K | -0.2% |
| Aiea | $573K | $548K | -4.4% |
Housing Supply in Pearl City, HI
How many homes are available in Pearl City, HI?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 53 | 50 | -5.7% |
Summary: The Pearl City real estate market had 50 homes for sale in April 2024, a 5.7% decrease compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 5 | 5 | 0.0% |
| 2 Bedrooms | 6 | 3 | -50.0% |
| 3 Bedrooms | 22 | 23 | +4.5% |
| 4 Bedrooms | 11 | 11 | 0.0% |
| 5+ Bedrooms | 9 | 8 | -11.1% |
Summary: The Pearl City housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 50%, 3 bedroom homes increased by 4.5%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 11.1%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 15 | 14 | -6.7% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Pearl City, you may be able to get a good deal. 57.1% of homes here sold below asking price last month.
Summary: A total of 14 homes were sold or pending in Pearl City in April 2024, down by 6.7% month-over-month. Of the 14 sold homes, 57% were sold under asking, 14% were sold at asking, and 29% were sold over asking.
Days on Market for Pearl City, HI
We’re sorry, we don't have information for this market at the moment
