$3,850,000
2,735 SqFt
3 Beds
•2 Baths
Anthony Fiori RS-87307, Listing Office: Big Wave Realty LLC
Is Wailuku, HI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, Wailuku was a Seller's Market.
Key Takeaway
Wailuku is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Wailuku, HI
How much do homes in Wailuku, HI cost?
Median Sold Price
$990,000
$729/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$130,000(+15.1%)
Key Takeaway
Homes in Wailuku have sold for 15.1% more than they did a year ago.
Summary: The median home sold price in Wailuku was $990,000 in October 2024, up 15.1% from last year, and the median price per square foot was $729.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $482.3K | $422.5K | -12.4% |
| 2 Bedrooms | $575K | $628K | +9.2% |
| 3 Bedrooms | $944.4K | $1.1M | +21.8% |
| 4 Bedrooms | $1.2M | $1.2M | +0.8% |
| 5+ Bedrooms | $1.4M | $1.1M | -22.1% |
Summary: Wailuku housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 12.4%, 2 bedroom homes increased by 9.2%, 3 bedroom homes increased by 21.8%, 4 bedroom homes increased by 0.8%, and 5+ bedroom homes decreased by 22.1%.
Median Sold Price Compared To Nearby Cities
| Wailuku | $860K | $990K | +15.1% |
| Kahului | $924K | $1.0M | +13.6% |
| Waihee-Waikapu | $1.2M | $1.2M | -1.2% |
Housing Supply in Wailuku, HI
How many homes are available in Wailuku, HI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 160 | 165 | +3.1% |
Summary: The Wailuku real estate market had 165 homes for sale in October 2024, a 3.1% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 18 | 21 | +16.7% |
| 2 Bedrooms | 30 | 33 | +10.0% |
| 3 Bedrooms | 81 | 83 | +2.5% |
| 4 Bedrooms | 20 | 18 | -10.0% |
| 5+ Bedrooms | 11 | 10 | -9.1% |
Summary: The Wailuku housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 16.7%, 2 bedroom homes increased by 10%, 3 bedroom homes increased by 2.5%, 4 bedroom homes decreased by 10%, and 5+ bedroom homes decreased by 9.1%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 21 | 15 | -28.6% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Wailuku, you may be able to get a good deal. 46.7% of homes here sold below asking price last month.
Summary: A total of 15 homes were sold or pending in Wailuku in October 2024, down by 28.6% month-over-month. Of the 15 sold homes, 47% were sold under asking, 20% were sold at asking, and 33% were sold over asking.
Days on Market for Wailuku, HI
How long does it take to sell a home in Wailuku, HI?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 10 Days | 95 Days | +850.0% |
Summary: Homes in Wailuku had an average of 95 days on market in Oct 2024, up by 850% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Most homes in Wailuku are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During October 2024, 15 homes were sold in Wailuku; 0% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 7% of homes were sold over 90 days.
