HawaiiHousing Market

Name: Hawaii Housing Market - Price Trend Analysis
Creator: Houzeo
License: https://www.houzeo.com/terms-of-use/

Hawaii is a buyer's market right now. With 7 months of supply and homes taking an average of 94 days to sell, you have more time to compare your options, negotiate a better deal, and buy with confidence.

Written By Jai CDigital Marketing Manager

Reviewed By Deepika RHousing Market Analyst

Hawaii Housing Market Forecast 2026AI-powered forecast for prices, inventory & market trends

Verified Data

Updated Monthly

Fast Insights

Real-time Analytics

September 2026

Last updated

Live MLS Data |2 active homes tracked

#2 in Nation

Hawaii Real Estate Market Snapshot

MEDIAN HOME PRICE

$752,837↑ 0.50%

In Sep 2026 . YoY

Oct 2021Nov 2024Sep 2026

MORTGAGE RATES 30-YR 30-YR FIXED

7.24%↓ 0.08%

Current rate . WoW

LOAN TYPE

30-Year Fixed

STATUS

Buyer's Market

DAYS ON MARKET

↑ 29.00% YoY

INVENTORY

8,403

↓ 3.30% YoY

Oct 2021Nov 2024Sep 2026

Overview

Predictions

Supply

Demand

Is Now a Good Time to Buy in Hawaii? Here's What We Think

Yes, now is a good time to buy in Hawaii. The median sale price is $752,837, a marginal change from last year, and home sales saw a 32.2% change over the same period. Buyers can use this data to gauge how much room there is to negotiate.

Median Sale PriceHomes SoldMedian Days on Market

Median Sale Price

$752,837

↑ 0.50%YoY

Homes Sold

986

↓ 32.20%YoY

Median Days on Market

↑ 29YoY

What this chart showsMedian Sale Price

This metric shows how home prices are trending in Hawaii. A rising median price can point to stronger demand or limited inventory, while a falling price may give buyers more room to negotiate.

Median Sale Price Trend

AllSingle Family HomesTownhousesCondo

1 Year3 Years5 Years

Hawaii

Updated MonthlyLast Updated: September 2026

Want to explore markets by city?

View detailed city insights.

Hawaii Housing Market Forecast for 2026

Hawaii's housing market is expected to keep favoring buyers in 2026, with modest price growth, rising inventory, and homes taking longer to sell.

Market Outlook:

Home prices expected to rise modestly by 2-4%, reflecting cooling demand
Months of supply forecast to hold near 4-6, giving buyers more choice
Homes being on the market longer gives buyers added leverage to negotiate price and terms

Will the Hawaii Housing Market Crash in 2026?

Expert consensus points to no. Hawaii is seeing steady demand with no signs of distressed selling. The market is simply rebalancing after a period of tight inventory, not heading toward a downturn. Buyers can expect more negotiating room and a wider selection through 2026.

UnlikelyCrash MeterLikely

Current Market Indicators

Days on Market:
94 days
Months of Supply:
7 months
Sale-to-List Ratio:
97.3%
Mortgage Rates:
Currently- 7.24% projected to hover between 6.0% and 6.8%

Is There Enough Inventory in Hawaii Right Now?

Yes, buyers have plenty of options in Hawaii right now. The market has 8,403 active listings and 7 months of supply, giving buyers more choice and negotiating power. There were 1,382 new listings last month, while the inventory had a marginal change year-over-year.

Homes for SaleNewly Listed HomesMonths of Supply

Homes for Sale

8,403

↓ 3.30%YoY

Newly Listed Homes

1,382

↓ 25.20%YoY

Months of Supply

↑ 3%YoYBuyer's Market

What this chart showsHomes for Sale

This chart shows the total number of homes currently available for sale in Hawaii. Rising inventory gives buyers more options, while fewer homes for sale can increase competition and give sellers more leverage.

Homes for Sale Trend

AllSingle Family HomesTownhousesCondo

1 Year3 Years5 Years

Hawaii

Updated MonthlyLast Updated: September 2026

Are Buyers or Sellers Controlling the Hawaii Market?

Buyers currently have the upper hand in the Hawaii housing market. Homes are selling for 97.3% of their asking price, and price reductions saw a marginal change year-over-year. Frequent price cuts give buyers more room to negotiate and put pressure on sellers to compete.

Homes Sold Above List PriceHomes with Price DropsSale-to-List Ratio

Homes Sold Above List Price

18.9%

↑ 7.40%YoY

Homes with Price Drops

15.4%

↑ 2.10%YoY

Sale-to-List Ratio

97.3%

↓ 0.65%YoYBuyer's Market

What this chart showsSold Above List

The line tracks the share of homes selling above their asking price over time. A rising trend signals strong buyer competition and bidding wars, while a falling trend suggests that competition is easing.

Homes Sold Above List Price Trend

AllSingle Family HomesTownhousesCondo

1 Year3 Years5 Years

Hawaii

Updated MonthlyLast Updated: September 2026

Explore Hawaii Housing Markets by City

Compare median listing prices, homes sold, and newly listed properties across Hawaii's top cities.

Highest Median Price

honolulu

$605,000

Most Affordable

hilo

$563,400

Most Homes Sold

honolulu

278 sold

Most New Listings

honolulu

451 listed

Hawaii Average Price

$589,300

3-city average

Housing Market by City

CityMedian PriceMedian Listing PriceHomes SoldNewly ListedDays on MarketMonths of SupplyTrendMarket Trend

honolulu

$605k$605,0002784511097.50Buyer

kailua-kona

$600k$599,5001271245.10Balanced

hilo

$563k$563,40024181754.70Balanced

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Frequently Asked Questions

How have home prices changed in Hawaii over the past year?

Hawaii's median home price is currently $752,837, a marginal change year-over-year. You can check your home's fair market value with our free home value estimator to compare prices in your neighborhood and know where you stand.

Are home prices dropping in Hawaii?

Currently, home prices are stable with localized variations across different counties and cities. Experts forecast growth in Hawaii home prices through 2026-27, although increased inventory may moderate prices in overvalued areas.

What's the average price for a house in Hawaii?

The average cost of a home in Hawaii typically ranges from $539,880 for condos to $997,166 for single-family homes, depending on location, size, and market conditions.

What are the Hawaii housing market predictions in 2026 and beyond?

The housing market in Hawaii is expected to stabilize in 2026, alongside rising mortgage rates. Our housing market predictions suggest that the supply of Hawaii houses should increase enough to stabilize price growth.

What is a good time to buy a home in Hawaii?

Typically, from August to December is the best time to buy when supply is high and demand is low. You must check the current market trends in home prices and inventory in Hawaii. If mortgage rates are stable, the median market time is more than 70 days, with more than 5 months of supply, it's the best time to buy a house in Hawaii.

What are the steps to buying houses in Hawaii?

As a buyer, you should keep an eye on price changes and inventory levels. If you're buying a house in Hawaii, you should get a mortgage pre-approval and budget for a down payment of at least 10%.

How can I list my home for sale in Hawaii?

You can list your home for sale with a Flat Fee MLS Hawaii listing service. High-tech MLS listing sites like Houzeo automatically assign the right MLS paperwork based on your location. 🚀

What is the average mortgage rate for buyers in Hawaii?

The average mortgage rate for buyers in the Hawaii real estate market fluctuates between 6% to 8%. Always check your credit score and current mortgage rates with lenders before you apply.

When will the housing market crash in Hawaii?

A housing market crash in Hawaii is unlikely in the near future. Prices remain well above pre-COVID levels and continue to show resilience. Most forecasts point to slower growth or mild corrections rather than a sharp drop through 2026. However, it is wise to track local market trends and expert forecasts before making an investment decision.

Data provided by Redfin, a national real estate brokerage.

Important Legal Disclosures

*Based on Houzeo calculations of home data from MLS and/or public records.

“The market analysis provided on this page is for informational purposes only and does not constitute financial, investment, or legal advice. Data is sourced from public records, industry reports, and third-party providers, and while Houzeo strives for accuracy, we make no guarantees regarding the completeness, accuracy, or timeliness of the information presented.

All estimates, projections, and historical data are based on statistical models and should not be relied upon as predictions of future market conditions. Past performance is not indicative of future results, and real estate market conditions may change due to various economic and regulatory factors.
Users are responsible for conducting their own due diligence before making any real estate or financial decisions. Houzeo is not liable for any decisions or actions taken based on the information provided. Any unauthorized use, duplication, or distribution of the data may violate copyright laws and result in legal consequences. Certain information, tools and services on this page may be powered by third-party vendors. Houzeo does not control or guarantee the accuracy, reliability, or functionality of such third-party services.

This representation is based in whole or in part on data supplied by Midwest Real Estate Data, LLC through Nov 5, 2026, 12:45 PM. Midwest Real Estate Data, LLC does not guarantee nor is it in any way responsible for its accuracy. Data maintained by Midwest Real Estate Data LLC may not reflect all real estate activity in the market.

Based on information submitted to the MLS GRID as of Nov 5, 2026, 12:45 PM. All data is obtained from various sources and has not been, and will not be, verified by broker or MLS GRID. Supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. This website may not include listings or property addresses of sellers who have directed their listing brokers to withhold their listing or their property address from display on the Internet. Some IDX listings have been excluded from this website. Information is provided exclusively for consumers’ personal non-commercial use. It may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable but is not guaranteed by MLS GRID, MRED or Houzeo. The use of the MLS GRID Data may be subject to an end user license agreement prescribed by the Member Participant’s applicable MLS, if any, and as amended from time to time. Properties displayed may be listed or sold by various participants in the MLS,

Listings courtesy of MRED as distributed by MLS GRID. ©2026 Midwest Real Estate Data LLC. All Rights Reserved

Based on information from California Regional Multiple Listing Service, Inc. as of Nov 5, 2026, 12:45 PM and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. This website may not include listings or property addresses of sellers who have directed their listing brokers to withhold their listing or their property address from display on the Internet. © 2026 California Regional Multiple Listing Service. All Rights Reserved.