Is Makawao-Paia, HI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Makawao-Paia has remained a Seller's Market.
Key Takeaway
Makawao-Paia is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Makawao-Paia, HI
How much do homes in Makawao-Paia, HI cost?
Median Sold Price
$1,030,000
$814/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Makawao-Paia have sold for 8.4% more than they did a year ago.
Summary: The median home sold price in Makawao-Paia was $1,030,000 in May 2024, up 8.4% from last year, and the median price per square foot was $814.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $727.5K | $662.5K | -8.9% |
| 2 Bedrooms | $845K | $945K | +11.8% |
| 3 Bedrooms | $987K | $999.5K | +1.3% |
| 4 Bedrooms | $999K | $1.5M | +58.2% |
| 5+ Bedrooms | $1.2M | $1.5M | +18.8% |
Summary: Makawao-Paia housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 8.9%, 2 bedroom homes increased by 11.8%, 3 bedroom homes increased by 1.3%, 4 bedroom homes increased by 58.2%, and 5+ bedroom homes increased by 18.8%.
Median Sold Price Compared To Nearby Cities
| Kula | $1.9M | $2.5M | +30.1% |
| Makawao-Paia | $950K | $1.0M | +8.4% |
| Haiku-Pauwela | $1.4M | $1.4M | +2.8% |
Housing Supply in Makawao-Paia, HI
How many homes are available in Makawao-Paia, HI?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 53 | 59 | +11.3% |
Summary: The Makawao-Paia real estate market had 59 homes for sale in May 2024, a 11.3% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 5 | +66.7% |
| 2 Bedrooms | 8 | 8 | 0.0% |
| 3 Bedrooms | 26 | 32 | +23.1% |
| 4 Bedrooms | 11 | 11 | 0.0% |
| 5+ Bedrooms | 5 | 3 | -40.0% |
Summary: The Makawao-Paia housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 66.7%, 2 bedroom homes remained the same, 3 bedroom homes increased by 23.1%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 40%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 11 | 16 | +45.5% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Makawao-Paia, you may be able to get a good deal. 43.8% of homes here sold below asking price last month.
Summary: A total of 16 homes were sold or pending in Makawao-Paia in May 2024, up by 45.5% month-over-month. Of the 16 sold homes, 44% were sold under asking, 25% were sold at asking, and 31% were sold over asking.
Days on Market for Makawao-Paia, HI
We’re sorry, we don't have information for this market at the moment
