Is 96822, HI a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing 96822 is a neutral's market

Buyer's
Market

Difference Since November 2023

At the same time last year, 96822 was a Seller's Market.

Key Takeaway

96822 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 96822, HI

How much do homes in 96822, HI cost?

Median Sold Price

$485,000

$626/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$10,000(+2.1%)

Key Takeaway

Homes in 96822 have sold for 2.1% more than they did a year ago.

Summary: The median home sold price in 96822 was $485,000 in November 2024, up 2.1% from last year, and the median price per square foot was $626.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $350K$345K
-1.4%
2 $465K$451K
-3.0%
3 $1.3M$1.3M
+1.9%
4 $1.4M$1.7M
+21.9%
5+ $2.1M$1.9M
-8.1%

Summary: 96822 housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 1.4%, 2 bedroom homes decreased by 3%, 3 bedroom homes increased by 1.9%, 4 bedroom homes increased by 21.9%, and 5+ bedroom homes decreased by 8.1%.

Median Sold Price Compared To Nearby Zip Codes

96817
+9.8%
96814
+6.2%
96822
+2.1%
96813
-1.0%
96826
-6.5%

Housing Supply in 96822, HI

How many homes are available in 96822, HI?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
162161-0.6%

Summary: The 96822 real estate market had 161 homes for sale in November 2024, a 0.6% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 4951
+4.1%
2 5760
+5.3%
3 2320
-13.0%
4 1111
0.0%
5+ 2219
-13.6%

Summary: The 96822 housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 4.1%, 2 bedroom homes increased by 5.3%, 3 bedroom homes decreased by 13%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 13.6%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
2726-3.7%

Asking Price vs. Sold Price

14 Homes Were Sold
Under Asking

9 Homes Were Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in 96822, you may be able to get a good deal. 53.8% of homes here sold below asking price last month.

Summary: A total of 26 homes were sold or pending in 96822 in November 2024, down by 3.7% month-over-month. Of the 26 sold homes, 54% were sold under asking, 35% were sold at asking, and 12% were sold over asking.

Days on Market for 96822, HI

How long does it take to sell a home in 96822, HI?

Average Sale Time

Nov 2023Nov 2024CHANGE
55 Days63 Days+13.6%

Summary: Homes in 96822 had an average of 63 days on market in Nov 2024, up by 13.6% compared to last year.

Breakdown of Home Sale Times

10 Homes Were Sold
Under 30 Days

9 Homes Were Sold
In 30 - 90 Days

7 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 96822 are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 26 homes were sold in 96822; 38% of homes were sold within 30 days, 35% of homes were sold within 30 to 90 days, and 27% 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 19 Days Ago

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