$10,000 Closing Credit*
$1,485,000
Listing Office: Hawaii Life
Is Nuuanu / Punchbowl, 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, Nuuanu / Punchbowl has remained a Seller's Market.
Key Takeaway
Nuuanu / Punchbowl is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Nuuanu / Punchbowl, HI
How much do homes in Nuuanu / Punchbowl, HI cost?
Median Sold Price
$802,000
$603/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$52,000(+6.9%)
Key Takeaway
Homes in Nuuanu / Punchbowl have sold for 6.9% more than they did a year ago.
Summary: The median home sold price in Nuuanu / Punchbowl was $802,000 in October 2024, up 6.9% from last year, and the median price per square foot was $603.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $400K | $465K | +16.3% |
| 2 Bedrooms | $659K | $550K | -16.5% |
| 3 Bedrooms | $1.0M | $1.0M | -1.1% |
| 4 Bedrooms | $1.3M | $1.2M | -10.1% |
| 5+ Bedrooms | $1.0M | $1.2M | +19.2% |
Summary: Nuuanu / Punchbowl housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 16.3%, 2 bedroom homes decreased by 16.5%, 3 bedroom homes decreased by 1.1%, 4 bedroom homes decreased by 10.1%, and 5+ bedroom homes increased by 19.2%.
Housing Supply in Nuuanu / Punchbowl, HI
How many homes are available in Nuuanu / Punchbowl, HI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 36 | 44 | +22.2% |
Summary: The Nuuanu / Punchbowl real estate market had 44 homes for sale in October 2024, a 22.2% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 8 | 11 | +37.5% |
| 2 Bedrooms | 8 | 7 | -12.5% |
| 3 Bedrooms | 11 | 14 | +27.3% |
| 4 Bedrooms | 4 | 6 | +50.0% |
| 5+ Bedrooms | 5 | 6 | +20.0% |
Summary: The Nuuanu / Punchbowl housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 37.5%, 2 bedroom homes decreased by 12.5%, 3 bedroom homes increased by 27.3%, 4 bedroom homes increased by 50%, and 5+ bedroom homes increased by 20%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 3 | 8 | +166.7% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Nuuanu / Punchbowl, you could pay more than the asking price. 50% of homes here sold above asking price last month.
Summary: A total of 8 homes were sold or pending in Nuuanu / Punchbowl in October 2024, up by 166.7% month-over-month. Of the 8 sold homes, 25% were sold under asking, 25% were sold at asking, and 50% were sold over asking.
Days on Market for Nuuanu / Punchbowl, HI
How long does it take to sell a home in Nuuanu / Punchbowl, HI?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 69 Days | 41 Days | -41.0% |
Summary: Homes in Nuuanu / Punchbowl had an average of 41 days on market in Oct 2024, down by 41% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Nuuanu / Punchbowl are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 8 homes were sold in Nuuanu / Punchbowl; 50% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.
