$9,500 Closing Credit*
$800,000
1,001 SqFt
2 Beds
•1 Full Bath, 1 Partial
Listing Office: Coldwell Banker Realty
Is Kaneohe, 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, Kaneohe has remained a Seller's Market.
Key Takeaway
Kaneohe is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Kaneohe, HI
How much do homes in Kaneohe, HI cost?
Median Sold Price
$943,000
$680/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$30,500(+3.3%)
Key Takeaway
Homes in Kaneohe have sold for 3.3% more than they did a year ago.
Summary: The median home sold price in Kaneohe was $943,000 in October 2024, up 3.3% from last year, and the median price per square foot was $680.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $510K | $520.5K | +2.1% |
| 2 Bedrooms | $625K | $600K | -4.0% |
| 3 Bedrooms | $940K | $968.5K | +3.0% |
| 4 Bedrooms | $1.2M | $1.3M | +8.9% |
| 5+ Bedrooms | $1.5M | $1.4M | -3.8% |
Summary: Kaneohe housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 2.1%, 2 bedroom homes decreased by 4%, 3 bedroom homes increased by 3%, 4 bedroom homes increased by 8.9%, and 5+ bedroom homes decreased by 3.8%.
Median Sold Price Compared To Nearby Neighborhoods
| Moanalua | $1.0M | $1.2M | +14.9% |
| Kaneohe | $912.5K | $943K | +3.3% |
| Kailua | $1.4M | $1.4M | 0.3% |
| Kalihi Valley | $948K | $895K | -5.6% |
Housing Supply in Kaneohe, HI
How many homes are available in Kaneohe, HI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 111 | 125 | +12.6% |
Summary: The Kaneohe real estate market had 125 homes for sale in October 2024, a 12.6% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 5 | +66.7% |
| 2 Bedrooms | 25 | 32 | +28.0% |
| 3 Bedrooms | 43 | 44 | +2.3% |
| 4 Bedrooms | 24 | 29 | +20.8% |
| 5+ Bedrooms | 16 | 15 | -6.3% |
Summary: The Kaneohe housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 66.7%, 2 bedroom homes increased by 28%, 3 bedroom homes increased by 2.3%, 4 bedroom homes increased by 20.8%, and 5+ bedroom homes decreased by 6.3%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 21 | 24 | +14.3% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
12 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Kaneohe, you could pay more than the asking price. 50% of homes here sold above asking price last month.
Summary: A total of 24 homes were sold or pending in Kaneohe in October 2024, up by 14.3% month-over-month. Of the 24 sold homes, 38% were sold under asking, 13% were sold at asking, and 50% were sold over asking.
Days on Market for Kaneohe, HI
How long does it take to sell a home in Kaneohe, HI?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 37 Days | 27 Days | -27.9% |
Summary: Homes in Kaneohe had an average of 27 days on market in Oct 2024, down by 27.9% compared to last year.
Breakdown of Home Sale Times
18 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Kaneohe are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 24 homes were sold in Kaneohe; 75% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.
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