$3,750,000
3,149 SqFt
5 Beds
•3 Full Baths
Listing Office: Sachi HI Pacific Century Prop.
Is Hawaii Kai, 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, Hawaii Kai was a Seller's Market.
Key Takeaway
Hawaii Kai 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 Hawaii Kai, HI
How much do homes in Hawaii Kai, HI cost?
Median Sold Price
$1,298,000
$798/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$158,000(+13.9%)
Key Takeaway
Homes in Hawaii Kai have sold for 13.9% more than they did a year ago.
Summary: The median home sold price in Hawaii Kai was $1,298,000 in October 2024, up 13.9% from last year, and the median price per square foot was $798.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $573.7K | $562K | -2.0% |
| 2 Bedrooms | $830K | $727.5K | -12.3% |
| 3 Bedrooms | $1.1M | $1.3M | +14.2% |
| 4 Bedrooms | $1.5M | $1.6M | +10.3% |
| 5+ Bedrooms | $1.9M | $2.5M | +28.4% |
Summary: Hawaii Kai housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 2%, 2 bedroom homes decreased by 12.3%, 3 bedroom homes increased by 14.2%, 4 bedroom homes increased by 10.3%, and 5+ bedroom homes increased by 28.4%.
Housing Supply in Hawaii Kai, HI
How many homes are available in Hawaii Kai, HI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 141 | 130 | -7.8% |
Summary: The Hawaii Kai real estate market had 130 homes for sale in October 2024, a 7.8% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 4 | 4 | 0.0% |
| 2 Bedrooms | 38 | 39 | +2.6% |
| 3 Bedrooms | 53 | 47 | -11.3% |
| 4 Bedrooms | 28 | 24 | -14.3% |
| 5+ Bedrooms | 18 | 16 | -11.1% |
Summary: The Hawaii Kai housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 2.6%, 3 bedroom homes decreased by 11.3%, 4 bedroom homes decreased by 14.3%, and 5+ bedroom homes decreased by 11.1%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 32 | 21 | -34.4% |
Asking Price vs. Sold Price
13 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Hawaii Kai, you may be able to get a good deal. 61.9% of homes here sold below asking price last month.
Summary: A total of 21 homes were sold or pending in Hawaii Kai in October 2024, down by 34.4% month-over-month. Of the 21 sold homes, 62% were sold under asking, 29% were sold at asking, and 10% were sold over asking.
Days on Market for Hawaii Kai, HI
How long does it take to sell a home in Hawaii Kai, HI?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 51 Days | 35 Days | -30.6% |
Summary: Homes in Hawaii Kai had an average of 35 days on market in Oct 2024, down by 30.6% compared to last year.
Breakdown of Home Sale Times
12 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Hawaii Kai are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 21 homes were sold in Hawaii Kai; 57% of homes were sold within 30 days, 38% of homes were sold within 30 to 90 days, and 5% of homes were sold over 90 days.
