$10,000 Closing Credit*
$1,795,000
1,397 SqFt
3 Beds
•2 Baths
Darla Phillips RS-83278, Nancy Beebe, Listing Office: Hawaii Life (W)
Is Kihei, HI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, Kihei has remained a Buyer's 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
$1,274,750
$1,094/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$305,750(+31.6%)
Key Takeaway
Homes in Kihei have sold for 31.6% more than they did a year ago.
Summary: The median home sold price in Kihei was $1,274,750 in November 2024, up 31.6% from last year, and the median price per square foot was $1,094.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $799.5K | $759K | -5.1% |
| 2 Bedrooms | $899K | $1.1M | +28.8% |
| 3 Bedrooms | $1.3M | $1.9M | +47.0% |
| 4 Bedrooms | $2.8M | $2.4M | -12.1% |
| 5+ Bedrooms | $1.7M | $1.6M | -6.2% |
Summary: Kihei housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 5.1%, 2 bedroom homes increased by 28.8%, 3 bedroom homes increased by 47%, 4 bedroom homes decreased by 12.1%, and 5+ bedroom homes decreased by 6.2%.
Median Sold Price Compared To Nearby Cities
| Kihei | $969K | $1.2M | +31.6% |
| Lahaina | $990K | $1.0M | +9.6% |
| Waihee-Waikapu | $1.2M | $1.2M | 0.0% |
Housing Supply in Kihei, HI
How many homes are available in Kihei, HI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 428 | 454 | +6.1% |
Summary: The Kihei real estate market had 454 homes for sale in November 2024, a 6.1% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 100 | 102 | +2.0% |
| 2 Bedrooms | 192 | 200 | +4.2% |
| 3 Bedrooms | 93 | 104 | +11.8% |
| 4 Bedrooms | 27 | 32 | +18.5% |
| 5+ Bedrooms | 16 | 16 | 0.0% |
Summary: The Kihei housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 2%, 2 bedroom homes increased by 4.2%, 3 bedroom homes increased by 11.8%, 4 bedroom homes increased by 18.5%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 47 | 33 | -29.8% |
Asking Price vs. Sold Price
28 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Kihei, you may be able to get a good deal. 84.8% of homes here sold below asking price last month.
Summary: A total of 33 homes were sold or pending in Kihei in November 2024, down by 29.8% month-over-month. Of the 33 sold homes, 85% were sold under asking, 12% were sold at asking, and 3% were sold over asking.
Days on Market for Kihei, HI
We’re sorry, we don't have information for this market at the moment
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