$7,707 Closing Credit*
$649,000
1,280 SqFt
3 Beds
•2 Baths
Ed J Onofrio RB-21056, Listing Office: Molokai Realty LLC
Is West Molokai, HI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, West Molokai has remained a Buyer's Market.
Key Takeaway
West Molokai is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in West Molokai, HI
How much do homes in West Molokai, HI cost?
Median Sold Price
$410,000
$413/sqft
Based on all homes sold in October 2024.
Difference Since Last Month
-$57,500(-12.3%)
Key Takeaway
Homes in West Molokai have sold for 12.3% less than they did a month ago.
Summary: The median home sold price in West Molokai was $410,000 in October 2024, down 12.3% from last month, and the median price per square foot was $413.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $865K | $290K | -66.5% |
| 2 Bedrooms | $420K | $530K | +26.2% |
| 3 Bedrooms | - | - | N/A |
| 4 Bedrooms | - | - | N/A |
| 5+ Bedrooms | - | - | N/A |
Summary: West Molokai housing prices by bedroom type for October 2024 compared to the previous month: The home price of 1 bedroom homes decreased by 66.5%, 2 bedroom homes increased by 26.2%, 3 bedroom homes did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Housing Supply in West Molokai, HI
How many homes are available in West Molokai, HI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 38 | 35 | -7.9% |
Summary: The West Molokai real estate market had 35 homes for sale in October 2024, a 7.9% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 17 | 17 | 0.0% |
| 2 Bedrooms | 14 | 11 | -21.4% |
| 3 Bedrooms | 5 | 5 | 0.0% |
| 4 Bedrooms | 2 | 2 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The West Molokai 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 decreased by 21.4%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 4 | 2 | -50.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in West Molokai, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in West Molokai in October 2024, down by 50.0% month-over-month. Of the 2 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for West Molokai, HI
We’re sorry, we don't have information for this market at the moment
