Is Kapolei / Honokai Hale, HI a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Kapolei / Honokai Hale is a buyer's market

Buyer's
Market

Difference Since November 2023

At the same time last year, Kapolei / Honokai Hale was a Seller's Market.

Key Takeaway

Kapolei / Honokai Hale is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Kapolei / Honokai Hale, HI

How much do homes in Kapolei / Honokai Hale, HI cost?

Median Sold Price

$806,000

$643/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$17,000(+2.2%)

Key Takeaway

Homes in Kapolei / Honokai Hale have sold for 2.2% more than they did a year ago.

Summary: The median home sold price in Kapolei / Honokai Hale was $806,000 in November 2024, up 2.2% from last year, and the median price per square foot was $643.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $390K$425K
+9.0%
2 $660K$687.5K
+4.2%
3 $830K$853.7K
+2.9%
4 $965K$1.0M
+8.9%
5+ $1.1M$1.3M
+13.0%

Summary: Kapolei / Honokai Hale housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 9%, 2 bedroom homes increased by 4.2%, 3 bedroom homes increased by 2.9%, 4 bedroom homes increased by 8.9%, and 5+ bedroom homes increased by 13%.

Median Sold Price Compared To Nearby Neighborhoods

Waipahu
+8.6%
Makakilo
+6.8%
Mililani / Waipio / Melemanu
+4.5%
Kapolei / Honokai Hale
+2.2%
Nanakuli / Maili
-2.7%

Housing Supply in Kapolei / Honokai Hale, HI

How many homes are available in Kapolei / Honokai Hale, HI?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
106120+13.2%

Summary: The Kapolei / Honokai Hale real estate market had 120 homes for sale in November 2024, a 13.2% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 42
-50.0%
2 3539
+11.4%
3 5362
+17.0%
4 914
+55.6%
5+ 53
-40.0%

Summary: The Kapolei / Honokai Hale housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes increased by 11.4%, 3 bedroom homes increased by 17%, 4 bedroom homes increased by 55.6%, and 5+ bedroom homes decreased by 40%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
198-57.9%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Kapolei / Honokai Hale, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.

Summary: A total of 8 homes were sold or pending in Kapolei / Honokai Hale in November 2024, down by 57.9% month-over-month. Of the 8 sold homes, 25% were sold under asking, 50% were sold at asking, and 25% were sold over asking.

Days on Market for Kapolei / Honokai Hale, HI

How long does it take to sell a home in Kapolei / Honokai Hale, HI?

Average Sale Time

Nov 2023Nov 2024CHANGE
51 Days66 Days+30.7%

Summary: Homes in Kapolei / Honokai Hale had an average of 66 days on market in Nov 2024, up by 30.7% compared to last year.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Kapolei / Honokai Hale has remained consistent over time.

Summary: During November 2024, 8 homes were sold in Kapolei / Honokai Hale; 25% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 21 Days Ago

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MLS Disclaimers and Copyright

Based on information from Hawaii Central MLS, and Hawaii Information Services Inc. for the period 12/01/2022 - 12/01/2024

Based on information from the Multiple Listing Service of HiCentral MLS, Ltd. Information is deemed reliable but not guaranteed. Copyright: 2024 by HiCentral MLS, Ltd.

Some of the active listings appearing on this site may be listed by other REALTORS®. If you are interested in those active listings, our company may represent you as the buyer's agent. If the active listing you are interested in is our company’s active listing, you may speak to one of our agents regarding your options for representation.

Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 12/21/2024, 10:21:07 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

IDX © 2024 MLS Hawaii, Inc. All rights reserved.
By searching, you agree to the EULA Terms Agreement.

Those properties marked with Hawaii Information Service's icon are provided courtesy of Hawaii Information Service Multiple Listing Service™ system. IDX information is provided exclusively for consumers' personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable but is not guaranteed accurate by the MLS.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 12/21/2024, 10:20:58 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

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