Is 96816, HI a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 96816 is a buyer's market

Buyer's
Market

Difference Since October 2023

At the same time last year, 96816 was a Seller's Market.

Key Takeaway

96816 is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in 96816, HI

How much do homes in 96816, HI cost?

Median Sold Price

$1,205,000

$793/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$12,500(+1.0%)

Key Takeaway

Homes in 96816 have sold for 1% more than they did a year ago.

Summary: The median home sold price in 96816 was $1,205,000 in October 2024, up 1% from last year, and the median price per square foot was $793.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $420K$455K
+8.3%
2 $607.5K$650K
+7.0%
3 $1.3M$1.1M
-13.5%
4 $1.5M$1.9M
+21.0%
5+ $1.3M$1.6M
+20.7%

Summary: 96816 housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 8.3%, 2 bedroom homes increased by 7%, 3 bedroom homes decreased by 13.5%, 4 bedroom homes increased by 21%, and 5+ bedroom homes increased by 20.7%.

Median Sold Price Compared To Nearby Zip Codes

96815
+7.2%
96822
+2.1%
96816
+1.0%
96826
-5.4%
96821
-5.8%

Housing Supply in 96816, HI

How many homes are available in 96816, HI?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
148144-2.7%

Summary: The 96816 real estate market had 144 homes for sale in October 2024, a 2.7% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 109
-10.0%
2 4237
-11.9%
3 3637
+2.8%
4 2423
-4.2%
5+ 3638
+5.6%

Summary: The 96816 housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 10%, 2 bedroom homes decreased by 11.9%, 3 bedroom homes increased by 2.8%, 4 bedroom homes decreased by 4.2%, and 5+ bedroom homes increased by 5.6%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
2818-35.7%

Asking Price vs. Sold Price

7 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

9 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 96816, you could pay more than the asking price. 50% of homes here sold above asking price last month.

Summary: A total of 18 homes were sold or pending in 96816 in October 2024, down by 35.7% month-over-month. Of the 18 sold homes, 39% were sold under asking, 11% were sold at asking, and 50% were sold over asking.

Days on Market for 96816, HI

How long does it take to sell a home in 96816, HI?

Average Sale Time

Oct 2023Oct 2024CHANGE
30 Days29 Days-5.1%

Summary: Homes in 96816 had an average of 29 days on market in Oct 2024, down by 5.1% compared to last year.

Breakdown of Home Sale Times

11 Homes Were Sold
Under 30 Days

6 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 96816 are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 18 homes were sold in 96816; 61% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 6% 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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