$748 Closing Credit*
$63,000
500 SqFt
1 Bed
•1 Full Bath
Listing Office: Berkshire Hathaway HmSvc HI RE
Is Downtown, 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, Downtown was a Seller's Market.
Key Takeaway
Downtown 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 Downtown, HI
How much do homes in Downtown, HI cost?
Median Sold Price
$410,000
$601/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$10,000(+2.5%)
Key Takeaway
Homes in Downtown have sold for 2.5% more than they did a year ago.
Summary: The median home sold price in Downtown was $410,000 in November 2024, up 2.5% from last year, and the median price per square foot was $601.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $350K | $360K | +2.9% |
| 2 Bedrooms | $605K | $485K | -19.8% |
| 3 Bedrooms | $642.5K | $560K | -12.8% |
| 4 Bedrooms | - | $1.5M | N/A |
| 5+ Bedrooms | - | $875K | N/A |
Summary: Downtown housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 2.9%, 2 bedroom homes decreased by 19.8%, 3 bedroom homes decreased by 12.8%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Neighborhoods
| Chinatown | $487.5K | $503.5K | +3.3% |
| Kapio / Kinau / Ward | $605K | $625K | +3.3% |
| Downtown | $400K | $410K | +2.5% |
Housing Supply in Downtown, HI
How many homes are available in Downtown, HI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 98 | 108 | +10.2% |
Summary: The Downtown real estate market had 108 homes for sale in November 2024, a 10.2% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 51 | 56 | +9.8% |
| 2 Bedrooms | 42 | 46 | +9.5% |
| 3 Bedrooms | 4 | 5 | +25.0% |
| 4 Bedrooms | 0 | 0 | 0.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Downtown housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 9.8%, 2 bedroom homes increased by 9.5%, 3 bedroom homes increased by 25%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 14 | 18 | +28.6% |
Asking Price vs. Sold Price
12 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 Downtown, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 18 homes were sold or pending in Downtown in November 2024, up by 28.6% month-over-month. Of the 18 sold homes, 67% were sold under asking, 28% were sold at asking, and 6% were sold over asking.
Days on Market for Downtown, HI
How long does it take to sell a home in Downtown, HI?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 34 Days | 74 Days | +115.6% |
Summary: Homes in Downtown had an average of 74 days on market in Nov 2024, up by 115.6% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
7 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Downtown are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 18 homes were sold in Downtown; 39% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 39% of homes were sold over 90 days.
