$10,000 Closing Credit*
$1,699,000
2,109 SqFt
5 Beds
•3 Full Baths
Listing Office: Advantage Properties Unlimited
Is Honolulu County, 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, Honolulu County was a Seller's Market.
Key Takeaway
Honolulu County 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 Honolulu County, HI
How much do homes in Honolulu County, HI cost?
Median Sold Price
$767,643
$653/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$36,697(+5.0%)
Key Takeaway
Homes in Honolulu County have sold for 5% more than they did a year ago.
Summary: The median home sold price in Honolulu County was $767,643 in October 2024, up 5% from last year, and the median price per square foot was $653.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $404.8K | $405.7K | 0.2% |
| 2 Bedrooms | $549.6K | $555.1K | +1.0% |
| 3 Bedrooms | $850K | $879.9K | +3.5% |
| 4 Bedrooms | $1.1M | $1.1M | +4.0% |
| 5+ Bedrooms | $1.2M | $1.3M | +3.2% |
Summary: Honolulu County housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 0.2%, 2 bedroom homes increased by 1%, 3 bedroom homes increased by 3.5%, 4 bedroom homes increased by 4%, and 5+ bedroom homes increased by 3.2%.
Housing Supply in Honolulu County, HI
How many homes are available in Honolulu County, HI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 3,589 | 3,853 | +7.4% |
Summary: The Honolulu County real estate market had 3,853 homes for sale in October 2024, a 7.4% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 738 | 801 | +8.5% |
| 2 Bedrooms | 1,184 | 1,276 | +7.8% |
| 3 Bedrooms | 895 | 957 | +6.9% |
| 4 Bedrooms | 441 | 463 | +5.0% |
| 5+ Bedrooms | 331 | 356 | +7.6% |
Summary: The Honolulu County housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 8.5%, 2 bedroom homes increased by 7.8%, 3 bedroom homes increased by 6.9%, 4 bedroom homes increased by 5%, and 5+ bedroom homes increased by 7.6%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 535 | 614 | +14.8% |
Asking Price vs. Sold Price
293 Homes Were Sold
Under Asking
159 Homes Were Sold
At Asking
162 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. 47.7% of homes here sold below asking price last month.
Summary: A total of 614 homes were sold or pending in Honolulu County in October 2024, up by 14.8% month-over-month. Of the 614 sold homes, 48% were sold under asking, 26% were sold at asking, and 26% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 52 Days | 43 Days | -16.2% |
Summary: Homes in Honolulu County had an average of 43 days on market in Oct 2024, down by 16.2% compared to last year.
Breakdown of Home Sale Times
362 Homes Were Sold
Under 30 Days
169 Homes Were Sold
In 30 - 90 Days
83 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 October 2024, 614 homes were sold in Honolulu County; 59% of homes were sold within 30 days, 28% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.
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