$3,560,000
1,761 SqFt
3 Beds
•2 Full Baths
Listing Office: Sachi HI Pacific Century Prop.
Is Ala Moana / Kakaako, HI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, Ala Moana / Kakaako was a Seller's Market.
Key Takeaway
Ala Moana / Kakaako is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Ala Moana / Kakaako, HI
How much do homes in Ala Moana / Kakaako, HI cost?
Median Sold Price
$869,423
$1,027/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$25,888(+3.1%)
Key Takeaway
Homes in Ala Moana / Kakaako have sold for 3.1% more than they did a year ago.
Summary: The median home sold price in Ala Moana / Kakaako was $869,423 in October 2024, up 3.1% from last year, and the median price per square foot was $1,027.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $629.7K | $672K | +6.7% |
| 2 Bedrooms | $928K | $950K | +2.4% |
| 3 Bedrooms | $1.4M | $1.7M | +21.3% |
| 4 Bedrooms | $12.0M | - | N/A |
| 5+ Bedrooms | $716.3K | $1.2M | +74.5% |
Summary: Ala Moana / Kakaako housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 6.7%, 2 bedroom homes increased by 2.4%, 3 bedroom homes increased by 21.3%, 4 bedroom homes did not change, and 5+ bedroom homes increased by 74.5%.
Median Sold Price Compared To Nearby Neighborhoods
| Holiday Mart | $467.5K | $825K | +76.5% |
| Ala Moana / Kakaako | $843.5K | $869.4K | +3.1% |
| Pawaa | $400K | $390K | -2.5% |
Housing Supply in Ala Moana / Kakaako, HI
How many homes are available in Ala Moana / Kakaako, HI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 389 | 411 | +5.7% |
Summary: The Ala Moana / Kakaako real estate market had 411 homes for sale in October 2024, a 5.7% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 133 | 146 | +9.8% |
| 2 Bedrooms | 204 | 209 | +2.5% |
| 3 Bedrooms | 45 | 49 | +8.9% |
| 4 Bedrooms | 5 | 6 | +20.0% |
| 5+ Bedrooms | 2 | 1 | -50.0% |
Summary: The Ala Moana / Kakaako housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 9.8%, 2 bedroom homes increased by 2.5%, 3 bedroom homes increased by 8.9%, 4 bedroom homes increased by 20%, and 5+ bedroom homes decreased by 50%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 41 | 42 | +2.4% |
Asking Price vs. Sold Price
36 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Ala Moana / Kakaako, you may be able to get a good deal. 85.7% of homes here sold below asking price last month.
Summary: A total of 42 homes were sold or pending in Ala Moana / Kakaako in October 2024, up by 2.4% month-over-month. Of the 42 sold homes, 86% were sold under asking, 12% were sold at asking, and 2% were sold over asking.
Days on Market for Ala Moana / Kakaako, HI
How long does it take to sell a home in Ala Moana / Kakaako, HI?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 126 Days | 89 Days | -28.8% |
Summary: Homes in Ala Moana / Kakaako had an average of 89 days on market in Oct 2024, down by 28.8% compared to last year.
Breakdown of Home Sale Times
13 Homes Were Sold
Under 30 Days
14 Homes Were Sold
In 30 - 90 Days
15 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in Ala Moana / Kakaako are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During October 2024, 42 homes were sold in Ala Moana / Kakaako; 31% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 36% of homes were sold over 90 days.
© 2024 MLS Hawaii, Inc. All rights reserved.