$10,000 Closing Credit*
$865,000
1,792 SqFt
3 Beds
•2 Full Baths, 1 Partial
Listing Office: Kono Properties Hawaii
Is 96797, HI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, 96797 has remained a Seller's Market.
Key Takeaway
96797 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 96797, HI
How much do homes in 96797, HI cost?
Median Sold Price
$798,000
$650/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$53,000(+7.1%)
Key Takeaway
Homes in 96797 have sold for 7.1% more than they did a year ago.
Summary: The median home sold price in 96797 was $798,000 in October 2024, up 7.1% from last year, and the median price per square foot was $650.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $415K | $336K | -19.0% |
| 2 Bedrooms | $518K | $520K | 0.4% |
| 3 Bedrooms | $860K | $890K | +3.5% |
| 4 Bedrooms | $960K | $1.0M | +5.2% |
| 5+ Bedrooms | $1.1M | $1.0M | -1.7% |
Summary: 96797 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 19%, 2 bedroom homes increased by 0.4%, 3 bedroom homes increased by 3.5%, 4 bedroom homes increased by 5.2%, and 5+ bedroom homes decreased by 1.7%.
Housing Supply in 96797, HI
How many homes are available in 96797, HI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 124 | 133 | +7.3% |
Summary: The 96797 real estate market had 133 homes for sale in October 2024, a 7.3% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 3 | +50.0% |
| 2 Bedrooms | 50 | 53 | +6.0% |
| 3 Bedrooms | 39 | 40 | +2.6% |
| 4 Bedrooms | 15 | 14 | -6.7% |
| 5+ Bedrooms | 18 | 23 | +27.8% |
Summary: The 96797 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes increased by 6%, 3 bedroom homes increased by 2.6%, 4 bedroom homes decreased by 6.7%, and 5+ bedroom homes increased by 27.8%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 26 | 27 | +3.8% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
12 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 96797, you could pay more than the asking price. 44.4% of homes here sold above asking price last month.
Summary: A total of 27 homes were sold or pending in 96797 in October 2024, up by 3.8% month-over-month. Of the 27 sold homes, 30% were sold under asking, 26% were sold at asking, and 44% were sold over asking.
Days on Market for 96797, HI
How long does it take to sell a home in 96797, HI?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 36 Days | 34 Days | -6.5% |
Summary: Homes in 96797 had an average of 34 days on market in Oct 2024, down by 6.5% compared to last year.
Breakdown of Home Sale Times
18 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in 96797 are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 27 homes were sold in 96797; 67% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.
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