Is Waianae, 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, Waianae was a Seller's Market.
Key Takeaway
Waianae is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Waianae, HI
How much do homes in Waianae, HI cost?
Median Sold Price
$575,000
$450/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Waianae have sold for 3.6% less than they did a year ago.
Summary: The median home sold price in Waianae was $575,000 in May 2024, down 3.6% from last year, and the median price per square foot was $450.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $258K | $240K | -7.0% |
| 2 Bedrooms | $310K | $305K | -1.6% |
| 3 Bedrooms | $627.5K | $620K | -1.2% |
| 4 Bedrooms | $734.5K | $725K | -1.3% |
| 5+ Bedrooms | $823K | $825K | 0.2% |
Summary: Waianae housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 7%, 2 bedroom homes decreased by 1.6%, 3 bedroom homes decreased by 1.2%, 4 bedroom homes decreased by 1.3%, and 5+ bedroom homes increased by 0.2%.
Housing Supply in Waianae, HI
How many homes are available in Waianae, HI?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 230 | 242 | +5.2% |
Summary: The Waianae real estate market had 242 homes for sale in May 2024, a 5.2% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 34 | 39 | +14.7% |
| 2 Bedrooms | 40 | 40 | 0.0% |
| 3 Bedrooms | 84 | 84 | 0.0% |
| 4 Bedrooms | 49 | 47 | -4.1% |
| 5+ Bedrooms | 23 | 32 | +39.1% |
Summary: The Waianae housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 14.7%, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes decreased by 4.1%, and 5+ bedroom homes increased by 39.1%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 37 | 30 | -18.9% |
Asking Price vs. Sold Price
15 Homes Were Sold
Under Asking
11 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Waianae, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 30 homes were sold or pending in Waianae in May 2024, down by 18.9% month-over-month. Of the 30 sold homes, 50% were sold under asking, 37% were sold at asking, and 13% were sold over asking.
Days on Market for Waianae, HI
We’re sorry, we don't have information for this market at the moment
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