Is Mililani, 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, Mililani has remained a Seller's Market.
Key Takeaway
Mililani is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Mililani, HI
How much do homes in Mililani, HI cost?
Median Sold Price
$608,888
$615/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Mililani have sold for 1.6% less than they did a year ago.
Summary: The median home sold price in Mililani was $608,888 in May 2024, down 1.6% from last year, and the median price per square foot was $615.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $368K | $389.2K | +5.8% |
| 2 Bedrooms | $490K | $509K | +3.9% |
| 3 Bedrooms | $750K | $758K | +1.1% |
| 4 Bedrooms | $1.0M | $1.0M | +1.0% |
| 5+ Bedrooms | $1.3M | $1.2M | -5.6% |
Summary: Mililani housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 5.8%, 2 bedroom homes increased by 3.9%, 3 bedroom homes increased by 1.1%, 4 bedroom homes increased by 1%, and 5+ bedroom homes decreased by 5.6%.
Housing Supply in Mililani, HI
How many homes are available in Mililani, HI?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 145 | 155 | +6.9% |
Summary: The Mililani real estate market had 155 homes for sale in May 2024, a 6.9% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 10 | 7 | -30.0% |
| 2 Bedrooms | 66 | 72 | +9.1% |
| 3 Bedrooms | 43 | 45 | +4.7% |
| 4 Bedrooms | 21 | 26 | +23.8% |
| 5+ Bedrooms | 5 | 5 | 0.0% |
Summary: The Mililani housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 30%, 2 bedroom homes increased by 9.1%, 3 bedroom homes increased by 4.7%, 4 bedroom homes increased by 23.8%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 34 | 32 | -5.9% |
Asking Price vs. Sold Price
18 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Mililani, you may be able to get a good deal. 56.3% of homes here sold below asking price last month.
Summary: A total of 32 homes were sold or pending in Mililani in May 2024, down by 5.9% month-over-month. Of the 32 sold homes, 56% were sold under asking, 22% were sold at asking, and 22% were sold over asking.
Days on Market for Mililani, HI
We’re sorry, we don't have information for this market at the moment
