Real Estates Brokers

Hawai

Hawai Real Estate Offers

Hawaii’s real estate market is experiencing a period of adjustment. While overall home prices remain high, there are signs of stabilization and regional variation across the islands. Factors such as increased inventory, longer market times, and affordability challenges are influencing buyer and seller behavior.

🏡 Statewide Market Overview

  • Median Sale Price: In April 2025, the median sale price for homes in Hawaii was $767,000, reflecting a 1.8% decrease year-over-year.

  • Average Home Value: The average home value stood at $848,316, down 0.5% over the past year.

  • Homes Sold: Approximately 1,003 homes were sold in April 2025, marking a 12.2% decrease compared to the same month last year.

  • Inventory: There were 8,085 homes for sale in April 2025, a 26.0% increase year-over-year.

  • Median Days on Market: Homes spent a median of 92 days on the market in April 2025, up from 75 days the previous year.

🌆 Regional Highlights

Oʻahu

  • Single-Family Homes: The median sales price rose 5.5% year-over-year to $1,160,000 in March 2025.

  • Condos: The median price remained unchanged at $500,000, while average condo prices increased 6.1% year-over-year to $614,751.

  • Market Activity: Single-family home sales were down 10.4%, and condo sales held nearly even, up 0.4% year-over-year.

Hawaiʻi Island (Big Island)

  • Median Sold Price: The median sold price increased 16.5% year-over-year in Q1 2025, indicating strong buyer demand.

  • Market Dynamics: Despite more inventory hitting the market, median sold prices rose significantly, with strategic pricing leading to quicker sales and strong closing prices.

Kauaʻi

  • Island-Wide Median Price: The median price fell from $1,425,000 to $1,150,000, a 19.1% decrease, largely due to lower-priced sales on the South Shore.

  • Regional Variations:

    • South Shore: Median price dropped from $1,615,000 to $1,295,000, influenced by sales of more affordable homes.

    • North Shore: Median price increased 13.1%, rising from $2,100,000 to $2,375,000.

    • Līhuʻe: Median price rose 5.6%, from $1,080,000 to $1,140,000. 

🔮 Market Outlook

Hawaii’s housing market is expected to continue its trend toward stabilization throughout 2025. While some areas may experience slight price adjustments, the overall market is moving toward a more balanced state, offering opportunities for both buyers and sellers.

 

Hawai Real Estate Offers