$10,000 Closing Credit*
$1,820,000
1,133 SqFt
2 Beds
•2 Full Baths
Listing Office: YK Heritage LLC
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 November 2023
At the same time last year, Ala Moana / Kakaako was a Neutral 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
$859,000
$1,027/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$9,760(+1.1%)
Key Takeaway
Homes in Ala Moana / Kakaako have sold for 1.1% more than they did a year ago.
Summary: The median home sold price in Ala Moana / Kakaako was $859,000 in November 2024, up 1.1% from last year, and the median price per square foot was $1,027.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $630K | $685.5K | +8.8% |
| 2 Bedrooms | $934K | $942.5K | +0.9% |
| 3 Bedrooms | $1.6M | $1.7M | +2.2% |
| 4 Bedrooms | $12.0M | - | N/A |
| 5+ Bedrooms | $716.3K | $1.2M | +74.5% |
Summary: Ala Moana / Kakaako housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 8.8%, 2 bedroom homes increased by 0.9%, 3 bedroom homes increased by 2.2%, 4 bedroom homes did not change, and 5+ bedroom homes increased by 74.5%.
Median Sold Price Compared To Nearby Neighborhoods
| Holiday Mart | $530K | $807.8K | +52.4% |
| Kapio / Kinau / Ward | $605K | $625K | +3.3% |
| Pawaa | $400K | $405K | +1.3% |
| Ala Moana / Kakaako | $849.2K | $859K | +1.1% |
Housing Supply in Ala Moana / Kakaako, HI
How many homes are available in Ala Moana / Kakaako, HI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 371 | 439 | +18.3% |
Summary: The Ala Moana / Kakaako real estate market had 439 homes for sale in November 2024, a 18.3% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 133 | 152 | +14.3% |
| 2 Bedrooms | 185 | 226 | +22.2% |
| 3 Bedrooms | 46 | 54 | +17.4% |
| 4 Bedrooms | 6 | 6 | 0.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Ala Moana / Kakaako housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 14.3%, 2 bedroom homes increased by 22.2%, 3 bedroom homes increased by 17.4%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 40 | 41 | +2.5% |
Asking Price vs. Sold Price
29 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Ala Moana / Kakaako, you may be able to get a good deal. 70.7% of homes here sold below asking price last month.
Summary: A total of 41 homes were sold or pending in Ala Moana / Kakaako in November 2024, up by 2.5% month-over-month. Of the 41 sold homes, 71% were sold under asking, 17% were sold at asking, and 12% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 84 Days | 97 Days | +15.9% |
Summary: Homes in Ala Moana / Kakaako had an average of 97 days on market in Nov 2024, up by 15.9% compared to last year.
Breakdown of Home Sale Times
15 Homes Were Sold
Under 30 Days
10 Homes Were Sold
In 30 - 90 Days
16 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 November 2024, 41 homes were sold in Ala Moana / Kakaako; 37% of homes were sold within 30 days, 24% of homes were sold within 30 to 90 days, and 39% of homes were sold over 90 days.
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