$1,722 Closing Credit*
$145,000
444 SqFt
1 Bed
•1 Full Bath
Listing Office: Living Aloha Properties
Is Waikiki, HI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, Waikiki was a Seller's Market.
Key Takeaway
Waikiki is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Waikiki, HI
How much do homes in Waikiki, HI cost?
Median Sold Price
$530,000
$744/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$30,750(+6.2%)
Key Takeaway
Homes in Waikiki have sold for 6.2% more than they did a year ago.
Summary: The median home sold price in Waikiki was $530,000 in November 2024, up 6.2% from last year, and the median price per square foot was $744.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $420.7K | $440K | +4.6% |
| 2 Bedrooms | $603.5K | $622.5K | +3.1% |
| 3 Bedrooms | $837.5K | $920K | +9.9% |
| 4 Bedrooms | $1.3M | - | N/A |
| 5+ Bedrooms | - | - | N/A |
Summary: Waikiki housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 4.6%, 2 bedroom homes increased by 3.1%, 3 bedroom homes increased by 9.9%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Neighborhoods
| Waikiki | $499.2K | $530K | +6.2% |
| Ala Moana / Kakaako | $849.2K | $859K | +1.1% |
| McCully / Moiliili | $455K | $435K | -4.4% |
| Kapiolani | $599K | $500K | -16.5% |
| Mccully | $415K | $292.5K | -29.5% |
Housing Supply in Waikiki, HI
How many homes are available in Waikiki, HI?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 469 | 500 | +6.6% |
Summary: The Waikiki real estate market had 500 homes for sale in November 2024, a 6.6% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 274 | 292 | +6.6% |
| 2 Bedrooms | 167 | 173 | +3.6% |
| 3 Bedrooms | 28 | 35 | +25.0% |
| 4 Bedrooms | 0 | 0 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Waikiki housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 6.6%, 2 bedroom homes increased by 3.6%, 3 bedroom homes increased by 25%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 57 | 51 | -10.5% |
Asking Price vs. Sold Price
33 Homes Were Sold
Under Asking
9 Homes Were Sold
At Asking
9 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Waikiki, you may be able to get a good deal. 64.7% of homes here sold below asking price last month.
Summary: A total of 51 homes were sold or pending in Waikiki in November 2024, down by 10.5% month-over-month. Of the 51 sold homes, 65% were sold under asking, 18% were sold at asking, and 18% were sold over asking.
Days on Market for Waikiki, HI
How long does it take to sell a home in Waikiki, HI?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 58 Days | 70 Days | +19.6% |
Summary: Homes in Waikiki had an average of 70 days on market in Nov 2024, up by 19.6% compared to last year.
Breakdown of Home Sale Times
22 Homes Were Sold
Under 30 Days
15 Homes Were Sold
In 30 - 90 Days
14 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Waikiki are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 51 homes were sold in Waikiki; 43% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 27% of homes were sold over 90 days.
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