$2,990,000
1,100 SqFt
2 Beds
•2 Baths
Gina M Parola RB-17055, Listing Office: Keller Williams Realty Maui-L
Is Honokowai, HI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, Honokowai has remained a Buyer's Market.
Key Takeaway
Honokowai is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Honokowai, HI
How much do homes in Honokowai, HI cost?
Median Sold Price
$975,000
$1,141/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$25,000(+2.6%)
Key Takeaway
Homes in Honokowai have sold for 2.6% more than they did a year ago.
Summary: The median home sold price in Honokowai was $975,000 in November 2024, up 2.6% from last year, and the median price per square foot was $1,141.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $942.5K | $925K | -1.9% |
| 2 Bedrooms | $1.1M | $999.9K | -15.3% |
| 3 Bedrooms | $5.5M | $3.9M | -29.4% |
| 4 Bedrooms | - | - | N/A |
| 5+ Bedrooms | $20.7M | - | N/A |
Summary: Honokowai housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 1.9%, 2 bedroom homes decreased by 15.3%, 3 bedroom homes decreased by 29.4%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Neighborhoods
| West Maui | $990K | $1.0M | +9.6% |
| Kahana / Mahinahina | $799.5K | $830K | +3.8% |
| Honokowai | $950K | $975K | +2.6% |
| Kaanapali | $1.5M | $1.5M | +1.6% |
Housing Supply in Honokowai, HI
How many homes are available in Honokowai, HI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 89 | 104 | +16.9% |
Summary: The Honokowai real estate market had 104 homes for sale in November 2024, a 16.9% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 52 | 61 | +17.3% |
| 2 Bedrooms | 33 | 39 | +18.2% |
| 3 Bedrooms | 4 | 4 | 0.0% |
| 4 Bedrooms | 0 | 0 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Honokowai housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 17.3%, 2 bedroom homes increased by 18.2%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 2 | 4 | +100.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Honokowai, you may be able to get a good deal. 75% of homes here sold below asking price last month.
Summary: A total of 4 homes were sold or pending in Honokowai in November 2024, up by 100.0% month-over-month. Of the 4 sold homes, 75% were sold under asking, 25% were sold at asking, and 0% were sold over asking.
Days on Market for Honokowai, HI
We’re sorry, we don't have information for this market at the moment
