Housing Prices in Hilo, HI
How much do homes in Hilo, HI cost?
Median List Price
$574,500
$425/sqft
Based on all homes listed in May 2024.
Difference Since Last Month
Key Takeaway
The list price of homes in Hilo has remained the same since April.
Summary: The median home list price in Hilo was $574,500 in May 2024, down 0.4% from the previous month, and the median price per square foot was $425.
Median List Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $282K | $282K | 0.0% |
| 2 Bedrooms | $450.5K | $409.3K | -9.1% |
| 3 Bedrooms | $538K | $535K | -0.6% |
| 4 Bedrooms | $922K | $924.5K | 0.3% |
| 5+ Bedrooms | $929.9K | $899.9K | -3.2% |
Summary: Hilo housing prices by bedroom type for May 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 9.1%, 3 bedroom homes decreased by 0.6%, 4 bedroom homes increased by 0.3%, and 5+ bedroom homes decreased by 3.2%.
Median List Price Compared To Nearby Cities
| North Hilo | $1.4M | $1.7M | +19.0% |
| Papaikou-Wailea | $1.2M | $1.4M | +14.7% |
| Mountain View | $399.9K | $415K | +3.8% |
| Hilo | $577K | $574.5K | -0.4% |
Housing Supply in Hilo, HI
How many homes are available in Hilo, HI?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 128 | 148 | +15.6% |
Summary: The Hilo real estate market had 148 homes for sale in May 2024, a 15.6% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 6 | 6 | 0.0% |
| 2 Bedrooms | 19 | 23 | +21.1% |
| 3 Bedrooms | 61 | 71 | +16.4% |
| 4 Bedrooms | 24 | 28 | +16.7% |
| 5+ Bedrooms | 18 | 20 | +11.1% |
Summary: The Hilo housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 21.1%, 3 bedroom homes increased by 16.4%, 4 bedroom homes increased by 16.7%, and 5+ bedroom homes increased by 11.1%.
Days on Market for Hilo, HI
How long does it take to sell a home in Hilo, HI?
Average Listing Age
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 140 Days | 147 Days | +4.9% |
Summary: Homes in Hilo had an average listing age of 147 days in May 2024, up by 4.9% compared to the previous month.
