Is Kihei, 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, Kihei was a Seller's Market.
Housing Prices in Kihei, HI
How much do homes in Kihei, HI cost?
Median Sold Price
$1,153,541
$1,103/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Kihei was $1,153,541 in May 2024, up 21.4% from last year, and the median price per square foot was $1,103.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $777K | $780K | 0.4% |
2 Bedrooms | $875.6K | $1.0M | +14.2% |
3 Bedrooms | $1.1M | $1.6M | +38.4% |
4 Bedrooms | $2.4M | $2.7M | +12.5% |
5+ Bedrooms | $1.6M | $1.6M | +3.6% |
Summary: Kihei housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 0.4%, 2 bedroom homes increased by 14.2%, 3 bedroom homes increased by 38.4%, 4 bedroom homes increased by 12.5%, and 5+ bedroom homes increased by 3.6%.
Median Sold Price Compared To Nearby Cities
Kihei | $949.8K | $1.1M | +21.4% |
Waihee-Waikapu | $1.1M | $1.3M | +17.9% |
Lahaina | $999.9K | $1.0M | 0.5% |
Housing Supply in Kihei, HI
How many homes are available in Kihei, HI?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
406 | 460 | +13.3% |
Summary: The Kihei real estate market had 460 homes for sale in May 2024, a 13.3% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 108 | 128 | +18.5% |
2 Bedrooms | 159 | 179 | +12.6% |
3 Bedrooms | 84 | 100 | +19.0% |
4 Bedrooms | 38 | 37 | -2.6% |
5+ Bedrooms | 17 | 16 | -5.9% |
Summary: The Kihei housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 18.5%, 2 bedroom homes increased by 12.6%, 3 bedroom homes increased by 19%, 4 bedroom homes decreased by 2.6%, and 5+ bedroom homes decreased by 5.9%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
69 | 45 | -34.8% |
Asking Price vs. Sold Price
26 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
12 Homes Were Sold
Over Asking
Summary: A total of 45 homes were sold or pending in Kihei in May 2024, down by 34.8% month-over-month. Of the 45 sold homes, 58% were sold under asking, 16% were sold at asking, and 27% were sold over asking.
Days on Market for Kihei, HI
We’re sorry, we don't have information for this market at the moment