$3,551 Closing Credit*
$299,000
456 SqFt
1 Bed
•1 Full Bath
Listing Office: eXp Realty
Is Honolulu County, 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, Honolulu County was a Seller's Market.
Key Takeaway
Honolulu County is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Honolulu County, HI
How much do homes in Honolulu County, HI cost?
Median Sold Price
$769,575
$654/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$40,128(+5.5%)
Key Takeaway
Homes in Honolulu County have sold for 5.5% more than they did a year ago.
Summary: The median home sold price in Honolulu County was $769,575 in November 2024, up 5.5% from last year, and the median price per square foot was $654.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $405.2K | $405K | -0.1% |
| 2 Bedrooms | $549.9K | $558.8K | +1.6% |
| 3 Bedrooms | $850K | $880.6K | +3.6% |
| 4 Bedrooms | $1.1M | $1.1M | +3.9% |
| 5+ Bedrooms | $1.2M | $1.3M | +2.2% |
Summary: Honolulu County housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 0.1%, 2 bedroom homes increased by 1.6%, 3 bedroom homes increased by 3.6%, 4 bedroom homes increased by 3.9%, and 5+ bedroom homes increased by 2.2%.
Housing Supply in Honolulu County, HI
How many homes are available in Honolulu County, HI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 3,612 | 3,761 | +4.1% |
Summary: The Honolulu County real estate market had 3,761 homes for sale in November 2024, a 4.1% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 746 | 803 | +7.6% |
| 2 Bedrooms | 1,196 | 1,249 | +4.4% |
| 3 Bedrooms | 907 | 932 | +2.8% |
| 4 Bedrooms | 438 | 435 | -0.7% |
| 5+ Bedrooms | 325 | 342 | +5.2% |
Summary: The Honolulu County housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 7.6%, 2 bedroom homes increased by 4.4%, 3 bedroom homes increased by 2.8%, 4 bedroom homes decreased by 0.7%, and 5+ bedroom homes increased by 5.2%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 625 | 483 | -22.7% |
Asking Price vs. Sold Price
258 Homes Were Sold
Under Asking
125 Homes Were Sold
At Asking
100 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Honolulu County, you may be able to get a good deal. 53.4% of homes here sold below asking price last month.
Summary: A total of 483 homes were sold or pending in Honolulu County in November 2024, down by 22.7% month-over-month. Of the 483 sold homes, 53% were sold under asking, 26% were sold at asking, and 21% were sold over asking.
Days on Market for Honolulu County, HI
How long does it take to sell a home in Honolulu County, HI?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 46 Days | 55 Days | +18.2% |
Summary: Homes in Honolulu County had an average of 55 days on market in Nov 2024, up by 18.2% compared to last year.
Breakdown of Home Sale Times
250 Homes Were Sold
Under 30 Days
135 Homes Were Sold
In 30 - 90 Days
98 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Honolulu County are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 483 homes were sold in Honolulu County; 52% of homes were sold within 30 days, 28% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.
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