$1,795,000
Land
Listing Office: BHGRE Advantage Realty
Is Kailua, HI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, Kailua has remained a Seller's Market.
Key Takeaway
Kailua is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Kailua, HI
How much do homes in Kailua, HI cost?
Median Sold Price
$1,455,000
$857/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$5,000(+0.3%)
Key Takeaway
The sold price of homes in Kailua has remained the same since last year.
Summary: The median home sold price in Kailua was $1,455,000 in October 2024, up 0.3% from last year, and the median price per square foot was $857.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $529.5K | $705K | +33.1% |
| 2 Bedrooms | $705K | $700K | -0.7% |
| 3 Bedrooms | $1.3M | $1.3M | -1.1% |
| 4 Bedrooms | $1.7M | $1.7M | +1.5% |
| 5+ Bedrooms | $1.9M | $1.9M | -1.5% |
Summary: Kailua housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 33.1%, 2 bedroom homes decreased by 0.7%, 3 bedroom homes decreased by 1.1%, 4 bedroom homes increased by 1.5%, and 5+ bedroom homes decreased by 1.5%.
Median Sold Price Compared To Nearby Neighborhoods
| Lanikai | $2.0M | $2.3M | +12.2% |
| Kaneohe | $912.5K | $943K | +3.3% |
| Kailua | $1.4M | $1.4M | 0.3% |
Housing Supply in Kailua, HI
How many homes are available in Kailua, HI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 140 | 139 | -0.7% |
Summary: The Kailua real estate market had 139 homes for sale in October 2024, a 0.7% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 4 | 3 | -25.0% |
| 2 Bedrooms | 21 | 19 | -9.5% |
| 3 Bedrooms | 43 | 45 | +4.7% |
| 4 Bedrooms | 42 | 46 | +9.5% |
| 5+ Bedrooms | 30 | 26 | -13.3% |
Summary: The Kailua housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 25%, 2 bedroom homes decreased by 9.5%, 3 bedroom homes increased by 4.7%, 4 bedroom homes increased by 9.5%, and 5+ bedroom homes decreased by 13.3%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 28 | 29 | +3.6% |
Asking Price vs. Sold Price
12 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
10 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Kailua, you may be able to get a good deal. 41.4% of homes here sold below asking price last month.
Summary: A total of 29 homes were sold or pending in Kailua in October 2024, up by 3.6% month-over-month. Of the 29 sold homes, 41% were sold under asking, 24% were sold at asking, and 34% were sold over asking.
Days on Market for Kailua, HI
How long does it take to sell a home in Kailua, HI?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 21 Days | 28 Days | +30.3% |
Summary: Homes in Kailua had an average of 28 days on market in Oct 2024, up by 30.3% compared to last year.
Breakdown of Home Sale Times
22 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Kailua are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 29 homes were sold in Kailua; 76% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.
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