$3,950,000
3,992 SqFt
5 Beds
•5 Baths
Christopher Barca RB-20936, Listing Office: Compass
Is Makawao-Paia, HI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since December 2023
At the same time last year, Makawao-Paia was a Neutral Market.
Key Takeaway
Makawao-Paia is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Makawao-Paia, HI
How much do homes in Makawao-Paia, HI cost?
Median Sold Price
$1,060,000
$825/sqft
Based on all homes sold in the last 12 months.
Difference Since December 2023
+$62,000(+6.2%)
Key Takeaway
Homes in Makawao-Paia have sold for 6.2% more than they did a year ago.
Summary: The median home sold price in Makawao-Paia was $1,060,000 in December 2024, up 6.2% from last year, and the median price per square foot was $825.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $800K | $357K | -55.4% |
| 2 Bedrooms | $727K | $945K | +30.0% |
| 3 Bedrooms | $980K | $1.0M | +8.2% |
| 4 Bedrooms | $1.2M | $2.0M | +66.5% |
| 5+ Bedrooms | $1.8M | $1.2M | -31.3% |
Summary: Makawao-Paia housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 55.4%, 2 bedroom homes increased by 30%, 3 bedroom homes increased by 8.2%, 4 bedroom homes increased by 66.5%, and 5+ bedroom homes decreased by 31.3%.
Median Sold Price Compared To Nearby Cities
| Makawao-Paia | $998K | $1.0M | +6.2% |
| Kula | $2.2M | $2.3M | +5.4% |
| Haiku-Pauwela | $1.4M | $1.4M | -0.9% |
Housing Supply in Makawao-Paia, HI
How many homes are available in Makawao-Paia, HI?
Number of Homes For Sale
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 51 | 59 | +15.7% |
Summary: The Makawao-Paia real estate market had 59 homes for sale in December 2024, a 15.7% increase compared to November 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 4 | +300.0% |
| 2 Bedrooms | 8 | 12 | +50.0% |
| 3 Bedrooms | 26 | 22 | -15.4% |
| 4 Bedrooms | 12 | 15 | +25.0% |
| 5+ Bedrooms | 4 | 6 | +50.0% |
Summary: The Makawao-Paia housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 300%, 2 bedroom homes increased by 50%, 3 bedroom homes decreased by 15.4%, 4 bedroom homes increased by 25%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 7 | 6 | -14.3% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Makawao-Paia, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.
Summary: A total of 6 homes were sold or pending in Makawao-Paia in December 2024, down by 14.3% month-over-month. Of the 6 sold homes, 33% were sold under asking, 50% were sold at asking, and 17% were sold over asking.
Days on Market for Makawao-Paia, HI
We’re sorry, we don't have information for this market at the moment
