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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 96701 is a neutral's market

Buyer's
Market

Difference Since December 2023

At the same time last year, 96701 was a Seller's Market.

Key Takeaway

96701 is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in 96701, HI

How much do homes in 96701, HI cost?

Median Sold Price

$593,250

$588/sqft

Based on all homes sold in the last 12 months.

Difference Since December 2023

+$58,250(+10.9%)

Key Takeaway

Homes in 96701 have sold for 10.9% more than they did a year ago.

Summary: The median home sold price in 96701 was $593,250 in December 2024, up 10.9% from last year, and the median price per square foot was $588.

Median Sold Price By Bedroom Count

# BEDSDec 2023Dec 2024CHANGE
1 $385.5K$390K
+1.2%
2 $475K$499.5K
+5.2%
3 $832.5K$800K
-3.9%
4 $1.2M$1.1M
-3.5%
5+ $1.3M$1.1M
-9.2%

Summary: 96701 housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes increased by 1.2%, 2 bedroom homes increased by 5.2%, 3 bedroom homes decreased by 3.9%, 4 bedroom homes decreased by 3.5%, and 5+ bedroom homes decreased by 9.2%.

Median Sold Price Compared To Nearby Zip Codes

96701
+10.9%
96819
+6.0%
96782
+4.4%
96818
-0.5%

Housing Supply in 96701, HI

How many homes are available in 96701, HI?

Number of Homes For Sale

Nov 2024Dec 2024CHANGE
114115+0.9%

Summary: The 96701 real estate market had 115 homes for sale in December 2024, a 0.9% increase compared to November 2024.

Homes For Sale By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 1923
+21.1%
2 3943
+10.3%
3 3536
+2.9%
4 95
-44.4%
5+ 128
-33.3%

Summary: The 96701 housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 21.1%, 2 bedroom homes increased by 10.3%, 3 bedroom homes increased by 2.9%, 4 bedroom homes decreased by 44.4%, and 5+ bedroom homes decreased by 33.3%.

Number of Homes Sold

Nov 2024Dec 2024CHANGE
17170.0%

Asking Price vs. Sold Price

8 Homes Were Sold
Under Asking

5 Homes Were Sold
At Asking

4 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. 47.1% of homes here sold below asking price last month.

Summary: A total of 17 homes were sold or pending in 96701 in December 2024, the same as the previous month. Of the 17 sold homes, 47% were sold under asking, 29% were sold at asking, and 24% 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

Dec 2023Dec 2024CHANGE
40 Days42 Days+4.8%

Summary: Homes in 96701 had an average of 42 days on market in Dec 2024, up by 4.8% compared to last year.

Breakdown of Home Sale Times

10 Homes Were Sold
Under 30 Days

4 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 December 2024, 17 homes were sold in 96701; 59% of homes were sold within 30 days, 24% of homes were sold within 30 to 90 days, and 18% 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 6 Days Ago

Newest Listings in 96701, HI

Nearby Markets to 96701, HI