$7,707 Closing Credit*
$649,000
1,324 SqFt
3 Beds
•2 Full Baths, 1 Partial
Listing Office: Coldwell Banker Realty
Is Mililani / Waipio / Melemanu, 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, Mililani / Waipio / Melemanu has remained a Seller's Market.
Key Takeaway
Mililani / Waipio / Melemanu is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Mililani / Waipio / Melemanu, HI
How much do homes in Mililani / Waipio / Melemanu, HI cost?
Median Sold Price
$625,000
$573/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$27,500(+4.6%)
Key Takeaway
Homes in Mililani / Waipio / Melemanu have sold for 4.6% more than they did a year ago.
Summary: The median home sold price in Mililani / Waipio / Melemanu was $625,000 in October 2024, up 4.6% from last year, and the median price per square foot was $573.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $366K | $375K | +2.5% |
| 2 Bedrooms | $460K | $455K | -1.1% |
| 3 Bedrooms | $725K | $730K | +0.7% |
| 4 Bedrooms | $950K | $1.0M | +5.3% |
| 5+ Bedrooms | $1.1M | $1.2M | +4.6% |
Summary: Mililani / Waipio / Melemanu housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 2.5%, 2 bedroom homes decreased by 1.1%, 3 bedroom homes increased by 0.7%, 4 bedroom homes increased by 5.3%, and 5+ bedroom homes increased by 4.6%.
Median Sold Price Compared To Nearby Neighborhoods
| Waipahu | $730K | $785K | +7.5% |
| Kapolei / Honokai Hale | $785K | $825K | +5.1% |
| Mililani / Waipio / Melemanu | $597.5K | $625K | +4.6% |
| Pearl City | $870K | $900K | +3.4% |
| Mililani Mauka - Launani Valley | $572.5K | $570K | -0.4% |
Housing Supply in Mililani / Waipio / Melemanu, HI
How many homes are available in Mililani / Waipio / Melemanu, HI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 126 | 137 | +8.7% |
Summary: The Mililani / Waipio / Melemanu real estate market had 137 homes for sale in October 2024, a 8.7% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 9 | 10 | +11.1% |
| 2 Bedrooms | 55 | 58 | +5.5% |
| 3 Bedrooms | 43 | 45 | +4.7% |
| 4 Bedrooms | 18 | 20 | +11.1% |
| 5+ Bedrooms | 1 | 4 | +300.0% |
Summary: The Mililani / Waipio / Melemanu housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 11.1%, 2 bedroom homes increased by 5.5%, 3 bedroom homes increased by 4.7%, 4 bedroom homes increased by 11.1%, and 5+ bedroom homes increased by 300%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 20 | 34 | +70.0% |
Asking Price vs. Sold Price
11 Homes Were Sold
Under Asking
11 Homes Were Sold
At Asking
12 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Mililani / Waipio / Melemanu, you could pay more than the asking price. 35.3% of homes here sold above asking price last month.
Summary: A total of 34 homes were sold or pending in Mililani / Waipio / Melemanu in October 2024, up by 70.0% month-over-month. Of the 34 sold homes, 32% were sold under asking, 32% were sold at asking, and 35% were sold over asking.
Days on Market for Mililani / Waipio / Melemanu, HI
How long does it take to sell a home in Mililani / Waipio / Melemanu, HI?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 19 Days | 33 Days | +70.7% |
Summary: Homes in Mililani / Waipio / Melemanu had an average of 33 days on market in Oct 2024, up by 70.7% compared to last year.
Breakdown of Home Sale Times
22 Homes Were Sold
Under 30 Days
10 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Mililani / Waipio / Melemanu are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 34 homes were sold in Mililani / Waipio / Melemanu; 65% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.
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