$10,000 Closing Credit*
$2,050,000
4,320 SqFt
10 Beds
•5 Full Baths
Listing Office: HI Choice Realty
Is Kalihi-Palama, HI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Last month, Kalihi-Palama was a Seller's Market.
Key Takeaway
Kalihi-Palama is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Kalihi-Palama, HI
How much do homes in Kalihi-Palama, HI cost?
Median Sold Price
$500,000
$605/sqft
Based on all homes sold in October 2024.
Difference Since Last Month
+$80,000(+19.0%)
Key Takeaway
Homes in Kalihi-Palama have sold for 19% more than they did a month ago.
Summary: The median home sold price in Kalihi-Palama was $500,000 in October 2024, up 19% from last month, and the median price per square foot was $605.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $357.5K | - | N/A |
| 2 Bedrooms | $420K | $314.5K | -25.1% |
| 3 Bedrooms | $1.0M | $500K | -54.1% |
| 4 Bedrooms | - | $1.0M | N/A |
| 5+ Bedrooms | $1.1M | $949K | -13.7% |
Summary: Kalihi-Palama housing prices by bedroom type for October 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 25.1%, 3 bedroom homes decreased by 54.1%, 4 bedroom homes did not change, and 5+ bedroom homes decreased by 13.7%.
Housing Supply in Kalihi-Palama, HI
How many homes are available in Kalihi-Palama, HI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 40 | 43 | +7.5% |
Summary: The Kalihi-Palama real estate market had 43 homes for sale in October 2024, a 7.5% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 6 | 5 | -16.7% |
| 2 Bedrooms | 19 | 19 | 0.0% |
| 3 Bedrooms | 5 | 5 | 0.0% |
| 4 Bedrooms | 1 | 2 | +100.0% |
| 5+ Bedrooms | 9 | 12 | +33.3% |
Summary: The Kalihi-Palama housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 16.7%, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes increased by 100%, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 7 | 5 | -28.6% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
3 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Kalihi-Palama, expect to pay close to the asking price. 60% of homes here sold near the asking price last month.
Summary: A total of 5 homes were sold or pending in Kalihi-Palama in October 2024, down by 28.6% month-over-month. Of the 5 sold homes, 20% were sold under asking, 60% were sold at asking, and 20% were sold over asking.
Days on Market for Kalihi-Palama, HI
How long does it take to sell a home in Kalihi-Palama, HI?
Average Sale Time
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 50 Days | 50 Days | +0.6% |
Summary: Homes in Kalihi-Palama had an average of 50 days on market in Oct 2024, up by 0.6% compared to last month.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Kalihi-Palama has remained consistent over time.
Summary: During October 2024, 5 homes were sold in Kalihi-Palama; 20% of homes were sold within 30 days, 80% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
