Is 96701, HI a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 96701 is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, 96701 has remained a Seller's Market.

Key Takeaway

96701 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in 96701, HI

How much do homes in 96701, HI cost?

Median Sold Price

$572,483

$587/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$24,483(+4.5%)

Key Takeaway

Homes in 96701 have sold for 4.5% more than they did a year ago.

Summary: The median home sold price in 96701 was $572,483 in October 2024, up 4.5% from last year, and the median price per square foot was $587.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $380K$386.2K
+1.6%
2 $475K$503.5K
+6.0%
3 $805K$790K
-1.9%
4 $1.1M$1.1M
0.2%
5+ $1.2M$1.1M
-5.1%

Summary: 96701 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 1.6%, 2 bedroom homes increased by 6%, 3 bedroom homes decreased by 1.9%, 4 bedroom homes increased by 0.2%, and 5+ bedroom homes decreased by 5.1%.

Median Sold Price Compared To Nearby Zip Codes

96782
+5.8%
96701
+4.5%
96819
+0.8%
96818
-2.1%

Housing Supply in 96701, HI

How many homes are available in 96701, HI?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
133136+2.3%

Summary: The 96701 real estate market had 136 homes for sale in October 2024, a 2.3% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 2219
-13.6%
2 4348
+11.6%
3 4139
-4.9%
4 1618
+12.5%
5+ 1112
+9.1%

Summary: The 96701 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 13.6%, 2 bedroom homes increased by 11.6%, 3 bedroom homes decreased by 4.9%, 4 bedroom homes increased by 12.5%, and 5+ bedroom homes increased by 9.1%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
2334+47.8%

Asking Price vs. Sold Price

13 Homes Were Sold
Under Asking

9 Homes Were Sold
At Asking

12 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 96701, you may be able to get a good deal. 38.2% of homes here sold below asking price last month.

Summary: A total of 34 homes were sold or pending in 96701 in October 2024, up by 47.8% month-over-month. Of the 34 sold homes, 38% were sold under asking, 26% were sold at asking, and 35% were sold over asking.

Days on Market for 96701, HI

How long does it take to sell a home in 96701, HI?

Average Sale Time

Oct 2023Oct 2024CHANGE
32 Days32 Days-1.2%

Summary: Homes in 96701 had an average of 32 days on market in Oct 2024, down by 1.2% compared to last year.

Breakdown of Home Sale Times

22 Homes Were Sold
Under 30 Days

9 Homes Were Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 96701 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 34 homes were sold in 96701; 65% of homes were sold within 30 days, 26% of homes were sold within 30 to 90 days, and 9% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 18 Days Ago

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