$6,413 Closing Credit*
$540,000
742 SqFt
2 Beds
•2 Full Baths
Listing Office: Century 21 Island Homes
Is Makakilo, 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, Makakilo was a Seller's Market.
Key Takeaway
Makakilo is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Makakilo, HI
How much do homes in Makakilo, HI cost?
Median Sold Price
$695,500
$594/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$18,500(+2.7%)
Key Takeaway
Homes in Makakilo have sold for 2.7% more than they did a year ago.
Summary: The median home sold price in Makakilo was $695,500 in October 2024, up 2.7% from last year, and the median price per square foot was $594.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $530K | $515K | -2.8% |
| 3 Bedrooms | $755K | $770K | +2.0% |
| 4 Bedrooms | $981K | $899K | -8.4% |
| 5+ Bedrooms | $1.1M | $1.1M | -5.4% |
Summary: Makakilo housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 2.8%, 3 bedroom homes increased by 2%, 4 bedroom homes decreased by 8.4%, and 5+ bedroom homes decreased by 5.4%.
Median Sold Price Compared To Nearby Neighborhoods
| Kapolei / Honokai Hale | $785K | $825K | +5.1% |
| Makakilo | $677K | $695.5K | +2.7% |
Housing Supply in Makakilo, HI
How many homes are available in Makakilo, HI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 80 | 87 | +8.8% |
Summary: The Makakilo real estate market had 87 homes for sale in October 2024, a 8.8% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 14 | 18 | +28.6% |
| 3 Bedrooms | 34 | 36 | +5.9% |
| 4 Bedrooms | 25 | 24 | -4.0% |
| 5+ Bedrooms | 7 | 9 | +28.6% |
Summary: The Makakilo housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 28.6%, 3 bedroom homes increased by 5.9%, 4 bedroom homes decreased by 4%, and 5+ bedroom homes increased by 28.6%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 13 | 12 | -7.7% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Makakilo, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 12 homes were sold or pending in Makakilo in October 2024, down by 7.7% month-over-month. Of the 12 sold homes, 50% were sold under asking, 25% were sold at asking, and 25% were sold over asking.
Days on Market for Makakilo, HI
How long does it take to sell a home in Makakilo, HI?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 28 Days | 24 Days | -16.6% |
Summary: Homes in Makakilo had an average of 24 days on market in Oct 2024, down by 16.6% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Makakilo are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 12 homes were sold in Makakilo; 67% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
