Honolulu, HI Housing Market: Trends & Forecast 2025

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

Overview

Supply

Demand

Buy or Sell

Honolulu Housing Market Overview

The Honolulu real estate market has seen remarkable price appreciation despite longer sale timelines. The median home price in the city has surged by 13.6% over the previous year, and is $562,500 at present. Homes typically take 104 days to go under contract. 284 homes were sold this month, which is a solid 11.4% increase compared to last year.

The housing market in Honolulu includes oceanfront condominiums, mountain view estates, and classic Hawaiian-style residences. Home values have climbed due to the area's unmatched lifestyle. The city attracts global buyers who crave convenience as well as tropical paradise vibes.

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Honolulu Housing Supply

The city draws property investors due to its rental potential and value appreciation. There are now 2,083 homes for sale in Honolulu, HI. This is a 26.1% increase from the previous year, and includes 545 new listings. The supply period in Honolulu is 7.3 months, which favors buyers.

Housing supply in Honolulu changes with the seasons. Winter attracts mainland buyers who want to escape cold weather, while summer often brings military family relocations. Prestigious neighborhoods like Kahala and Hawaii Kai maintain high value despite longer market times. Before you make an offer, you should perform comprehensive property evaluations and look for areas of negotiation.

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Honolulu Housing Demand

The city's market is not very competitive at present. Only 12.7% of Honolulu houses sell above the list price, a 5.3 percentage point decrease from the previous year. Meanwhile, 16.9% of sellers accept less than their asking price. The sale-to-list price ratio is 97.4%. This indicates that buyers maintain a modest negotiation advantage, while homeowners typically secure offers slightly below their asking amounts.

Sellers who price their property correctly from the start can attract serious buyers in the current market. However, you should adjust your expectations considering the longer market time. With expanding inventory and decreasing above-list sales, buyers will have better negotiation power. Listing your home on the Hawaii MLS can help you maximize your property's exposure in these conditions. On the other hand, buyers can benefit from the expanded inventory and long supply period.

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Strong
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Balanced

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Buyer’s Market

Seller’s Market

Balanced: Neither buyers nor sellers dominate the market. Supply meets demand, prices stay stable, and both parties negotiate on an equal footing.

Honolulu Market: When to Buy or Sell?

The Honolulu housing market experiences distinctive seasonal patterns. Local trends generally correspond with the broader Hawaii housing market. Winter brings mainland buyers seeking tropical retreats, while summer often sees military family relocations.

With Honolulu's substantial 7.3-month supply, the market tilts in favor of buyers, unlike the more balanced US housing market. Buyers stand to benefit from rising inventory despite continuing price appreciation. So, sellers should emphasize unique property features and set realistic prices. Knowledge of these market trends helps optimize your transaction timing. Monitor tourism patterns and military rotation schedules for more market insights.

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Frequently Asked Questions

How has the average home price in Honolulu changed over the past year?

Honolulu's average home price has increased by 13.6% over the past year, and currently stands at $562,500. You can use our free home value estimator to determine your property's fair market value, and compare it with nearby homes.

What are Honolulu, HI, real estate predictions for the near future?

Honolulu's median home price will likely continue its upward trajectory in the coming months, despite increasing inventory. Demand should remain stable, although rising mortgage rates may moderate activity in the luxury segment.

What's the average house price in Honolulu, Hawaii?

Honolulu house prices vary by neighborhood and proximity to water. They range from $435,000 for inland condominiums to $1.5 million for single-family properties. For more accessible options, explore cheap homes for sale in Honolulu within your financial parameters.

Is this a good time to buy a house in Honolulu?

Yes, it is. Buyers today can benefit from the increased inventory and long market times. To determine the ideal time, analyze Honolulu real estate market conditions, particularly the supply and demand metrics. For those seeking homeownership, Honolulu has a lot to offer.

What are the current Honolulu housing market trends?

Properties typically require 104 days to sell, alongside strong price appreciation. The expanding inventory gives buyers more leverage. Before buying or selling in Honolulu, review the city's housing market trends for the best time to act.

When will the Honolulu housing market crash?

A housing market crash in Honolulu appears highly unlikely in the foreseeable future. The price appreciation, improving but still limited inventory in prime areas, and the city's global appeal support sustainable conditions. The market will likely experience continued growth, with occasional adjustments.

How to buy a house in Honolulu?

First, outline a clear budget and secure mortgage pre-approval. Then, explore available Honolulu houses for sale. Submit strategic offers, finalize your financing, and complete the closing process.

How can I list my Honolulu, HI, houses for sale?

Market your Honolulu home with a Flat Fee MLS Hawaii listing service. High-tech MLS platforms like Houzeo provide appropriate documentation based on your specific location. 🚀

What are the current mortgage rates in Honolulu?

Honolulu mortgage rates typically fluctuate between 5.88% and 6.79%. Your exact rate depends on current economic conditions and your credit score. Always compare rates with multiple lenders before you commit.

What is the cost of living in Honolulu, Hawaii?

Honolulu's cost of living exceeds the national average by 85%. While the typical home costs around $562,500, utilities command premium prices due to island energy costs. However, many consider this unparalleled tropical paradise well worth the premium.

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