$10,000 Closing Credit*
$985,000
1,361 SqFt
2 Beds
•2 Full Baths
Listing Office: Marcus Realty
Is Punahou, 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, Punahou has remained a Seller's Market.
Key Takeaway
Punahou is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Punahou, HI
How much do homes in Punahou, HI cost?
Median Sold Price
$452,000
$555/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$23,000(-4.8%)
Key Takeaway
Homes in Punahou have sold for 4.8% less than they did a year ago.
Summary: The median home sold price in Punahou was $452,000 in October 2024, down 4.8% from last year, and the median price per square foot was $555.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $414.4K | $386K | -6.9% |
| 2 Bedrooms | $462K | $451K | -2.4% |
| 3 Bedrooms | $637K | $654.5K | +2.7% |
| 4 Bedrooms | $712.5K | $700K | -1.8% |
| 5+ Bedrooms | - | - | N/A |
Summary: Punahou housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 6.9%, 2 bedroom homes decreased by 2.4%, 3 bedroom homes increased by 2.7%, 4 bedroom homes decreased by 1.8%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Neighborhoods
| Makiki / Lower Punchbowl / Tantalu | $415K | $420K | +1.2% |
| McCully / Moiliili | $455K | $435K | -4.4% |
| Punahou | $475K | $452K | -4.8% |
Housing Supply in Punahou, HI
How many homes are available in Punahou, HI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 38 | 40 | +5.3% |
Summary: The Punahou real estate market had 40 homes for sale in October 2024, a 5.3% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 7 | 7 | 0.0% |
| 2 Bedrooms | 24 | 27 | +12.5% |
| 3 Bedrooms | 7 | 6 | -14.3% |
| 4 Bedrooms | 0 | 0 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Punahou 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 increased by 12.5%, 3 bedroom homes decreased by 14.3%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 2 | 9 | +350.0% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Punahou, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 9 homes were sold or pending in Punahou in October 2024, up by 350.0% month-over-month. Of the 9 sold homes, 67% were sold under asking, 11% were sold at asking, and 22% were sold over asking.
Days on Market for Punahou, HI
How long does it take to sell a home in Punahou, HI?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 20 Days | 108 Days | +437.7% |
Summary: Homes in Punahou had an average of 108 days on market in Oct 2024, up by 437.7% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Punahou are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 9 homes were sold in Punahou; 33% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.
