$9,263 Closing Credit*
$780,000
1,762 SqFt
4 Beds
•2 Full Baths, 1 Partial
Listing Office: Lani Properties Corp.
Is Makiki / Lower Punchbowl / Tantalu, HI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, Makiki / Lower Punchbowl / Tantalu has remained a Seller's Market.
Key Takeaway
Makiki / Lower Punchbowl / Tantalu is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Makiki / Lower Punchbowl / Tantalu, HI
How much do homes in Makiki / Lower Punchbowl / Tantalu, HI cost?
Median Sold Price
$420,000
$596/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$5,000(+1.2%)
Key Takeaway
Homes in Makiki / Lower Punchbowl / Tantalu have sold for 1.2% more than they did a year ago.
Summary: The median home sold price in Makiki / Lower Punchbowl / Tantalu was $420,000 in October 2024, up 1.2% from last year, and the median price per square foot was $596.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $350K | $340K | -2.9% |
| 2 Bedrooms | $440K | $447.1K | +1.6% |
| 3 Bedrooms | $675K | $720K | +6.7% |
| 4 Bedrooms | $1.2M | $1.6M | +24.4% |
| 5+ Bedrooms | $1.4M | $1.8M | +23.4% |
Summary: Makiki / Lower Punchbowl / Tantalu housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 2.9%, 2 bedroom homes increased by 1.6%, 3 bedroom homes increased by 6.7%, 4 bedroom homes increased by 24.4%, and 5+ bedroom homes increased by 23.4%.
Housing Supply in Makiki / Lower Punchbowl / Tantalu, HI
How many homes are available in Makiki / Lower Punchbowl / Tantalu, HI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 183 | 204 | +11.5% |
Summary: The Makiki / Lower Punchbowl / Tantalu real estate market had 204 homes for sale in October 2024, a 11.5% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 54 | 63 | +16.7% |
| 2 Bedrooms | 95 | 103 | +8.4% |
| 3 Bedrooms | 19 | 24 | +26.3% |
| 4 Bedrooms | 3 | 2 | -33.3% |
| 5+ Bedrooms | 12 | 12 | 0.0% |
Summary: The Makiki / Lower Punchbowl / Tantalu housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 16.7%, 2 bedroom homes increased by 8.4%, 3 bedroom homes increased by 26.3%, 4 bedroom homes decreased by 33.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 23 | 36 | +56.5% |
Asking Price vs. Sold Price
22 Homes Were Sold
Under Asking
10 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Makiki / Lower Punchbowl / Tantalu, you may be able to get a good deal. 61.1% of homes here sold below asking price last month.
Summary: A total of 36 homes were sold or pending in Makiki / Lower Punchbowl / Tantalu in October 2024, up by 56.5% month-over-month. Of the 36 sold homes, 61% were sold under asking, 28% were sold at asking, and 11% were sold over asking.
Days on Market for Makiki / Lower Punchbowl / Tantalu, HI
How long does it take to sell a home in Makiki / Lower Punchbowl / Tantalu, HI?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 67 Days | 48 Days | -29.0% |
Summary: Homes in Makiki / Lower Punchbowl / Tantalu had an average of 48 days on market in Oct 2024, down by 29% compared to last year.
Breakdown of Home Sale Times
22 Homes Were Sold
Under 30 Days
9 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Makiki / Lower Punchbowl / Tantalu are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 36 homes were sold in Makiki / Lower Punchbowl / Tantalu; 61% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.
