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 October 2023

Since last year, Manoa has remained a Seller'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

$1,500,000

$762/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$150,000(+11.1%)

Key Takeaway

Homes in Manoa have sold for 11.1% more than they did a year ago.

Summary: The median home sold price in Manoa was $1,500,000 in October 2024, up 11.1% from last year, and the median price per square foot was $762.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $324.5K$354K
+9.1%
2 $455K$459K
+0.9%
3 $1.3M$1.5M
+15.6%
4 $1.4M$1.9M
+28.5%
5+ $2.2M$1.9M
-12.3%

Summary: Manoa housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 9.1%, 2 bedroom homes increased by 0.9%, 3 bedroom homes increased by 15.6%, 4 bedroom homes increased by 28.5%, and 5+ bedroom homes decreased by 12.3%.

Median Sold Price Compared To Nearby Neighborhoods

Manoa
+11.1%
Palolo
-3.7%

Housing Supply in Manoa, HI

How many homes are available in Manoa, HI?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
4541-8.9%

Summary: The Manoa real estate market had 41 homes for sale in October 2024, a 8.9% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 65
-16.7%
2 75
-28.6%
3 129
-25.0%
4 99
0.0%
5+ 1113
+18.2%

Summary: The Manoa housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 16.7%, 2 bedroom homes decreased by 28.6%, 3 bedroom homes decreased by 25%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 18.2%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
127-41.7%

Asking Price vs. Sold Price

5 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Manoa, you may be able to get a good deal. 71.4% of homes here sold below asking price last month.

Summary: A total of 7 homes were sold or pending in Manoa in October 2024, down by 41.7% month-over-month. Of the 7 sold homes, 71% were sold under asking, 14% were sold at asking, and 14% 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

Oct 2023Oct 2024CHANGE
97 Days20 Days-79.0%

Summary: Homes in Manoa had an average of 20 days on market in Oct 2024, down by 79% compared to last year.

Breakdown of Home Sale Times

6 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During October 2024, 7 homes were sold in Manoa; 86% of homes were sold within 30 days, 14% 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 18 Days Ago

Newest Listings in Manoa, HI

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