$6,234 Closing Credit*
$525,000
768 SqFt
2 Beds
•1 Full Bath
Listing Office: Hawaii Living LLC
Is Kaneohe, HI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, Kaneohe was a Seller's Market.
Key Takeaway
Kaneohe 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 Kaneohe, HI
How much do homes in Kaneohe, HI cost?
Median Sold Price
$938,000
$698/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$18,000(+2.0%)
Key Takeaway
Homes in Kaneohe have sold for 2% more than they did a year ago.
Summary: The median home sold price in Kaneohe was $938,000 in November 2024, up 2% from last year, and the median price per square foot was $698.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $454.5K | $520.5K | +14.5% |
| 2 Bedrooms | $625K | $600K | -4.0% |
| 3 Bedrooms | $925K | $970K | +4.9% |
| 4 Bedrooms | $1.2M | $1.3M | +2.1% |
| 5+ Bedrooms | $1.5M | $1.4M | -7.5% |
Summary: Kaneohe housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 14.5%, 2 bedroom homes decreased by 4%, 3 bedroom homes increased by 4.9%, 4 bedroom homes increased by 2.1%, and 5+ bedroom homes decreased by 7.5%.
Median Sold Price Compared To Nearby Neighborhoods
| Moanalua | $1.0M | $1.2M | +21.9% |
| Kaneohe | $920K | $938K | +2.0% |
| Kailua | $1.4M | $1.4M | -0.5% |
Housing Supply in Kaneohe, HI
How many homes are available in Kaneohe, HI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 116 | 120 | +3.4% |
Summary: The Kaneohe real estate market had 120 homes for sale in November 2024, a 3.4% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 4 | 3 | -25.0% |
| 2 Bedrooms | 32 | 40 | +25.0% |
| 3 Bedrooms | 40 | 38 | -5.0% |
| 4 Bedrooms | 29 | 28 | -3.4% |
| 5+ Bedrooms | 11 | 11 | 0.0% |
Summary: The Kaneohe housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 25%, 2 bedroom homes increased by 25%, 3 bedroom homes decreased by 5%, 4 bedroom homes decreased by 3.4%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 26 | 20 | -23.1% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Kaneohe, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 20 homes were sold or pending in Kaneohe in November 2024, down by 23.1% month-over-month. Of the 20 sold homes, 50% were sold under asking, 30% were sold at asking, and 20% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 29 Days | 66 Days | +122.9% |
Summary: Homes in Kaneohe had an average of 66 days on market in Nov 2024, up by 122.9% compared to last year.
Breakdown of Home Sale Times
11 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
6 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 November 2024, 20 homes were sold in Kaneohe; 55% of homes were sold within 30 days, 15% of homes were sold within 30 to 90 days, and 30% of homes were sold over 90 days.
