$10,000 Closing Credit*
$1,228,000
2,124 SqFt
5 Beds
•2 Full Baths, 1 Partial
Listing Office: West Oahu Realty, Inc.
Is Pearl City, 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, Pearl City has remained a Seller's Market.
Key Takeaway
Pearl City is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Pearl City, HI
How much do homes in Pearl City, HI cost?
Median Sold Price
$900,000
$610/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$30,000(+3.4%)
Key Takeaway
Homes in Pearl City have sold for 3.4% more than they did a year ago.
Summary: The median home sold price in Pearl City was $900,000 in October 2024, up 3.4% from last year, and the median price per square foot was $610.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $340K | $329.5K | -3.1% |
| 2 Bedrooms | $457.5K | $493K | +7.8% |
| 3 Bedrooms | $850K | $900K | +5.9% |
| 4 Bedrooms | $1.0M | $1.0M | +6.2% |
| 5+ Bedrooms | $1.0M | $1.2M | +17.0% |
Summary: Pearl City housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 3.1%, 2 bedroom homes increased by 7.8%, 3 bedroom homes increased by 5.9%, 4 bedroom homes increased by 6.2%, and 5+ bedroom homes increased by 17%.
Median Sold Price Compared To Nearby Neighborhoods
| Waipahu | $730K | $785K | +7.5% |
| Aiea | $548K | $572.4K | +4.5% |
| Pearl City | $870K | $900K | +3.4% |
| Mililani Mauka - Launani Valley | $572.5K | $570K | -0.4% |
Housing Supply in Pearl City, HI
How many homes are available in Pearl City, HI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 55 | 56 | +1.8% |
Summary: The Pearl City real estate market had 56 homes for sale in October 2024, a 1.8% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 5 | 5 | 0.0% |
| 2 Bedrooms | 8 | 8 | 0.0% |
| 3 Bedrooms | 26 | 25 | -3.8% |
| 4 Bedrooms | 11 | 11 | 0.0% |
| 5+ Bedrooms | 5 | 7 | +40.0% |
Summary: The Pearl City housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 3.8%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 40%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 16 | 16 | 0.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Pearl City, expect to pay close to the asking price. 43.8% of homes here sold near the asking price last month.
Summary: A total of 16 homes were sold or pending in Pearl City in October 2024, the same as the previous month. Of the 16 sold homes, 25% were sold under asking, 44% were sold at asking, and 31% were sold over asking.
Days on Market for Pearl City, HI
How long does it take to sell a home in Pearl City, HI?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 44 Days | 16 Days | -63.6% |
Summary: Homes in Pearl City had an average of 16 days on market in Oct 2024, down by 63.6% compared to last year.
Breakdown of Home Sale Times
13 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Pearl City are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 16 homes were sold in Pearl City; 81% of homes were sold within 30 days, 19% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
