Is Manoa, HI a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Manoa is a seller's market

Buyer's
Market

Difference Since December 2023

At the same time last year, Manoa was a Buyer's Market.

Key Takeaway

Manoa is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Manoa, HI

How much do homes in Manoa, HI cost?

Median Sold Price

$1,520,000

$762/sqft

Based on all homes sold in the last 12 months.

Difference Since December 2023

+$170,000(+12.6%)

Key Takeaway

Homes in Manoa have sold for 12.6% more than they did a year ago.

Summary: The median home sold price in Manoa was $1,520,000 in December 2024, up 12.6% from last year, and the median price per square foot was $762.

Median Sold Price By Bedroom Count

# BEDSDec 2023Dec 2024CHANGE
1 $340K$346.5K
+1.9%
2 $450K$484K
+7.6%
3 $1.3M$1.5M
+12.9%
4 $1.4M$1.9M
+28.2%
5+ $2.1M$2.2M
+2.6%

Summary: Manoa housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes increased by 1.9%, 2 bedroom homes increased by 7.6%, 3 bedroom homes increased by 12.9%, 4 bedroom homes increased by 28.2%, and 5+ bedroom homes increased by 2.6%.

Median Sold Price Compared To Nearby Neighborhoods

Manoa
+12.6%
Palolo
+6.1%

Housing Supply in Manoa, HI

How many homes are available in Manoa, HI?

Number of Homes For Sale

Nov 2024Dec 2024CHANGE
3033+10.0%

Summary: The Manoa real estate market had 33 homes for sale in December 2024, a 10.0% increase compared to November 2024.

Homes For Sale By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 42
-50.0%
2 26
+200.0%
3 810
+25.0%
4 65
-16.7%
5+ 1010
0.0%

Summary: The Manoa housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes increased by 200%, 3 bedroom homes increased by 25%, 4 bedroom homes decreased by 16.7%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Nov 2024Dec 2024CHANGE
660.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer33%33%33%

Key Takeaway

If you're buying a home in Manoa, you may be able to get a good deal. 33.3% of homes here sold below asking price last month.

Summary: A total of 6 homes were sold or pending in Manoa in December 2024, the same as the previous month. Of the 6 sold homes, 33% were sold under asking, 33% were sold at asking, and 33% were sold over asking.

Days on Market for Manoa, HI

How long does it take to sell a home in Manoa, HI?

Average Sale Time

Dec 2023Dec 2024CHANGE
35 Days18 Days-48.6%

Summary: Homes in Manoa had an average of 18 days on market in Dec 2024, down by 48.6% compared to last year.

Breakdown of Home Sale Times

4 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times67%33%

Key Takeaway

Many homes in Manoa are selling fast, if you're buying plan to act quickly.

Summary: During December 2024, 6 homes were sold in Manoa; 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.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 1 Day Ago

Newest Listings in Manoa, HI

Nearby Markets to Manoa, HI