$10,000 Closing Credit*
$900,000
780 SqFt
4 Beds
•1 Full Bath, 1 Partial
Listing Office: Five Star Realty, Inc.
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
Since last month, Kalihi-Palama has remained a Buyer'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
$510,000
$588/sqft
Based on all homes sold in November 2024.
Difference Since Last Month
+$10,000(+2.0%)
Key Takeaway
Homes in Kalihi-Palama have sold for 2% more than they did a month ago.
Summary: The median home sold price in Kalihi-Palama was $510,000 in November 2024, up 2% from last month, and the median price per square foot was $588.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $314.5K | $380K | +20.8% |
| 3 Bedrooms | $500K | $390K | -22.0% |
| 4 Bedrooms | $1.0M | - | N/A |
| 5+ Bedrooms | $949K | $1.1M | +17.1% |
Summary: Kalihi-Palama housing prices by bedroom type for November 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 20.8%, 3 bedroom homes decreased by 22%, 4 bedroom homes did not change, and 5+ bedroom homes increased by 17.1%.
Housing Supply in Kalihi-Palama, HI
How many homes are available in Kalihi-Palama, HI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 39 | 43 | +10.3% |
Summary: The Kalihi-Palama real estate market had 43 homes for sale in November 2024, a 10.3% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 4 | 6 | +50.0% |
| 2 Bedrooms | 18 | 19 | +5.6% |
| 3 Bedrooms | 5 | 4 | -20.0% |
| 4 Bedrooms | 1 | 1 | 0.0% |
| 5+ Bedrooms | 11 | 13 | +18.2% |
Summary: The Kalihi-Palama housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes increased by 5.6%, 3 bedroom homes decreased by 20%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 18.2%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 5 | 6 | +20.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Kalihi-Palama, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 6 homes were sold or pending in Kalihi-Palama in November 2024, up by 20.0% month-over-month. Of the 6 sold homes, 67% were sold under asking, 0% were sold at asking, and 33% 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
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 50 Days | 86 Days | +71.6% |
Summary: Homes in Kalihi-Palama had an average of 86 days on market in Nov 2024, up by 71.6% compared to last month.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Kalihi-Palama are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 6 homes were sold in Kalihi-Palama; 50% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.
