$10,000 Closing Credit*
$1,549,900
1,052 SqFt
2 Beds
•2 Baths
Roger R Pleski RS-64819, Amanda Kittle, Listing Office: Coldwell Banker Island Prop(S)
Is Kihei, 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, Kihei was a Neutral Market.
Key Takeaway
Kihei is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Kihei, HI
How much do homes in Kihei, HI cost?
Median Sold Price
$1,293,366
$1,122/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$342,433(+36.0%)
Key Takeaway
Homes in Kihei have sold for 36% more than they did a year ago.
Summary: The median home sold price in Kihei was $1,293,366 in October 2024, up 36% from last year, and the median price per square foot was $1,122.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $796.2K | $765K | -3.9% |
| 2 Bedrooms | $899K | $1.2M | +33.5% |
| 3 Bedrooms | $1.2M | $1.9M | +59.0% |
| 4 Bedrooms | $2.5M | $2.7M | +4.9% |
| 5+ Bedrooms | $1.6M | $1.7M | +3.0% |
Summary: Kihei housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 3.9%, 2 bedroom homes increased by 33.5%, 3 bedroom homes increased by 59%, 4 bedroom homes increased by 4.9%, and 5+ bedroom homes increased by 3%.
Median Sold Price Compared To Nearby Cities
| Kihei | $950.9K | $1.2M | +36.0% |
| Lahaina | $1.0M | $1.0M | +7.2% |
| Waihee-Waikapu | $1.2M | $1.2M | -1.2% |
Housing Supply in Kihei, HI
How many homes are available in Kihei, HI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 411 | 468 | +13.9% |
Summary: The Kihei real estate market had 468 homes for sale in October 2024, a 13.9% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 98 | 112 | +14.3% |
| 2 Bedrooms | 186 | 209 | +12.4% |
| 3 Bedrooms | 88 | 101 | +14.8% |
| 4 Bedrooms | 26 | 29 | +11.5% |
| 5+ Bedrooms | 13 | 17 | +30.8% |
Summary: The Kihei housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 14.3%, 2 bedroom homes increased by 12.4%, 3 bedroom homes increased by 14.8%, 4 bedroom homes increased by 11.5%, and 5+ bedroom homes increased by 30.8%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 24 | 46 | +91.7% |
Asking Price vs. Sold Price
35 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Kihei, you may be able to get a good deal. 76.1% of homes here sold below asking price last month.
Summary: A total of 46 homes were sold or pending in Kihei in October 2024, up by 91.7% month-over-month. Of the 46 sold homes, 76% were sold under asking, 17% were sold at asking, and 7% were sold over asking.
Days on Market for Kihei, HI
How long does it take to sell a home in Kihei, HI?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 34 Days | 95 Days | +175.4% |
Summary: Homes in Kihei had an average of 95 days on market in Oct 2024, up by 175.4% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Most homes in Kihei are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During October 2024, 46 homes were sold in Kihei; 0% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 2% of homes were sold over 90 days.
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