Is Honolulu, HI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Honolulu was a Seller's Market.
Housing Prices in Honolulu, HI
How much do homes in Honolulu, HI cost?
Median Sold Price
$650,636
$702/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Honolulu was $650,636 in May 2024, up 1.2% from last year, and the median price per square foot was $702.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $410.8K | $414.9K | +1.0% |
2 Bedrooms | $612K | $600.4K | -1.9% |
3 Bedrooms | $1.1M | $1.1M | +5.5% |
4 Bedrooms | $1.5M | $1.4M | -0.2% |
5+ Bedrooms | $1.4M | $1.5M | +5.3% |
Summary: Honolulu housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 1%, 2 bedroom homes decreased by 1.9%, 3 bedroom homes increased by 5.5%, 4 bedroom homes decreased by 0.2%, and 5+ bedroom homes increased by 5.3%.
Median Sold Price Compared To Nearby Cities
Honolulu | $642.9K | $650.6K | +1.2% |
Ewa | $759.9K | $765K | +0.7% |
Housing Supply in Honolulu, HI
How many homes are available in Honolulu, HI?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
1,779 | 1,914 | +7.6% |
Summary: The Honolulu real estate market had 1,914 homes for sale in May 2024, a 7.6% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 563 | 633 | +12.4% |
2 Bedrooms | 726 | 756 | +4.1% |
3 Bedrooms | 242 | 256 | +5.8% |
4 Bedrooms | 117 | 119 | +1.7% |
5+ Bedrooms | 131 | 150 | +14.5% |
Summary: The Honolulu housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 12.4%, 2 bedroom homes increased by 4.1%, 3 bedroom homes increased by 5.8%, 4 bedroom homes increased by 1.7%, and 5+ bedroom homes increased by 14.5%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
309 | 306 | -1.0% |
Asking Price vs. Sold Price
182 Homes Were Sold
Under Asking
63 Homes Were Sold
At Asking
61 Homes Were Sold
Over Asking
Summary: A total of 306 homes were sold or pending in Honolulu in May 2024, down by 1.0% month-over-month. Of the 306 sold homes, 59% were sold under asking, 21% were sold at asking, and 20% were sold over asking.
Days on Market for Honolulu, HI
We’re sorry, we don't have information for this market at the moment