$6,591 Closing Credit*
$555,000
684 SqFt
1 Bed
•1 Full Bath
Listing Office: Real Broker, LLC
Is Kapiolani, HI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, Kapiolani was a Seller's Market.
Key Takeaway
Kapiolani 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 Kapiolani, HI
How much do homes in Kapiolani, HI cost?
Median Sold Price
$500,000
$670/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$99,500(-16.6%)
Key Takeaway
Homes in Kapiolani have sold for 16.6% less than they did a year ago.
Summary: The median home sold price in Kapiolani was $500,000 in October 2024, down 16.6% from last year, and the median price per square foot was $670.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $437K | $435K | -0.5% |
| 2 Bedrooms | $615K | $581.5K | -5.4% |
| 3 Bedrooms | $804.5K | $797.5K | -0.9% |
| 4 Bedrooms | - | - | N/A |
| 5+ Bedrooms | $1.0M | - | N/A |
Summary: Kapiolani housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 0.5%, 2 bedroom homes decreased by 5.4%, 3 bedroom homes decreased by 0.9%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Neighborhoods
| McCully / Moiliili | $455K | $435K | -4.4% |
| Diamond Head / Kapahulu / Saint Louis Heights | $1.1M | $999.9K | -13.4% |
| Kapiolani | $599.5K | $500K | -16.6% |
Housing Supply in Kapiolani, HI
How many homes are available in Kapiolani, HI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 51 | 60 | +17.6% |
Summary: The Kapiolani real estate market had 60 homes for sale in October 2024, a 17.6% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 20 | 21 | +5.0% |
| 2 Bedrooms | 24 | 30 | +25.0% |
| 3 Bedrooms | 7 | 9 | +28.6% |
| 4 Bedrooms | 0 | 0 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Kapiolani housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 5%, 2 bedroom homes increased by 25%, 3 bedroom homes increased by 28.6%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 2 | 9 | +350.0% |
Asking Price vs. Sold Price
7 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 Kapiolani, you may be able to get a good deal. 77.8% of homes here sold below asking price last month.
Summary: A total of 9 homes were sold or pending in Kapiolani in October 2024, up by 350.0% month-over-month. Of the 9 sold homes, 78% were sold under asking, 0% were sold at asking, and 22% were sold over asking.
Days on Market for Kapiolani, HI
How long does it take to sell a home in Kapiolani, HI?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 17 Days | 66 Days | +272.0% |
Summary: Homes in Kapiolani had an average of 66 days on market in Oct 2024, up by 272% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Kapiolani are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 9 homes were sold in Kapiolani; 44% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 22% of homes were sold over 90 days.
