Is 96707, HI a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 96707 is a neutral's market

Buyer's
Market

Difference Since October 2023

At the same time last year, 96707 was a Seller's Market.

Key Takeaway

96707 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 96707, HI

How much do homes in 96707, HI cost?

Median Sold Price

$783,883

$628/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$18,414(+2.4%)

Key Takeaway

Homes in 96707 have sold for 2.4% more than they did a year ago.

Summary: The median home sold price in 96707 was $783,883 in October 2024, up 2.4% from last year, and the median price per square foot was $628.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $390K$425K
+9.0%
2 $561K$610K
+8.7%
3 $799K$825.7K
+3.3%
4 $975K$939K
-3.7%
5+ $1.1M$1.1M
0.0%

Summary: 96707 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 9%, 2 bedroom homes increased by 8.7%, 3 bedroom homes increased by 3.3%, 4 bedroom homes decreased by 3.7%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Zip Codes

96797
+7.1%
96707
+2.4%
96706
+0.6%
96792
-5.3%

Housing Supply in 96707, HI

How many homes are available in 96707, HI?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
186200+7.5%

Summary: The 96707 real estate market had 200 homes for sale in October 2024, a 7.5% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 34
+33.3%
2 5255
+5.8%
3 8293
+13.4%
4 3734
-8.1%
5+ 1214
+16.7%

Summary: The 96707 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 33.3%, 2 bedroom homes increased by 5.8%, 3 bedroom homes increased by 13.4%, 4 bedroom homes decreased by 8.1%, and 5+ bedroom homes increased by 16.7%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
3330-9.1%

Asking Price vs. Sold Price

15 Homes Were Sold
Under Asking

5 Homes Were Sold
At Asking

10 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 96707, 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 96707 in October 2024, down by 9.1% month-over-month. Of the 30 sold homes, 50% were sold under asking, 17% were sold at asking, and 33% were sold over asking.

Days on Market for 96707, HI

How long does it take to sell a home in 96707, HI?

Average Sale Time

Oct 2023Oct 2024CHANGE
31 Days28 Days-9.8%

Summary: Homes in 96707 had an average of 28 days on market in Oct 2024, down by 9.8% compared to last year.

Breakdown of Home Sale Times

17 Homes Were Sold
Under 30 Days

12 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 96707 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 30 homes were sold in 96707; 57% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 3% 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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