October 2021 Oahu Hawaii Housing Inventory Snapshot

By
Real Estate Broker/Owner with Hawaii Dream Realty LLC RB-19372

The October 2021 Oahu Hawaii Housing Inventory Snapshot represents aggregated values based on Honolulu MLS data as of October 31, 2021. Each inventory category includes a link providing the current Honolulu MLS listings for that particular category. However, as noted below, the single family home markets average list price is now exceeding $1 MILLION dollars but the link is still set to only present single family homes priced under $1 Million dollars.  Keep in mind that the prices presented in the table are average prices meaning that the presented price includes homes priced well below the average list price.  The table does not provide the 30-day trends for the list price, sold price, days on market or available listings. If you are interested in a more detailed table with  trend percentages, click here to register to receive the monthly report via email.

What jumps out immediately in this month's report is the average list price and average sold price for the single family home market.  The average list price is well above $1 MILLION dollars and even the average sold price is above the $1 Million dollar mark.  The prices affirm that the single family home market, typical of first time buyers, has reached a new high. We are also seeing a corresponding increase in the average price point for the luxury family home market at $3.8 Million dollars. 

Given the single family home price point, no surprise that the condominium/townhome market has increased slightly in both average list price and average sold price from the previous month.  More substantially, the luxury condominium/townhome market average sold price leaped up nearly 18 percent from September.

With the condominium/townhome market getting most of the attention, supply of active listings for the condominium/townhome market increased by 4 percent.  We are not seeing much fluctuation with average days on market but the luxury condominium/townhome market average days on market dropped by 16 days. For the near term the prices are likely to hold with increased demand pressure on the condominium/townhome markets. 

Housing Inventory Snapshot  October 31, 2021 
  Average List Price Average Sold Price Average DOM: active/sold listings Number of Listings
Honolulu County, HI
Click to Search Single Family under $1M [MLS Data Based on SFH] $1,224,927 $1,096,842 50 / 22 337
Click to Search Single Family over $1M [MLS Data Based on Luxury SFH] $5,429,395 $3,823,360 125 / 74 103
Click to Search Condo/Townhome under $500K [MLS Data Based on Condo/Townhome] $429,081 $459,328 77 / 36 865
Click to Search Condo/Townhome over $500K [MLS Data Based on Luxury Condo/Townhome] $2,299,882 $1,505,111 123 / 44 278

If you know someone who is considering buying or selling a home, please give me a call. I provide professional and courteous service and have first hand knowledge on Honolulu neighborhoods and communities.

If you are considering selling, our digital marketing strategy and distributed print media ensures that your listing gets exposure. If you want to know what your home is worth in the current market Click Here, or for more personalized service, contact me directly at 808-223-0429. 

Posted by

Aloha and Mahalo,

Theresa Harden
Principal Broker e-PRO, SFR, Realtor

Direct: (808) 223-0429
Office: (808) 735-2221
Toll Free (866) 800-7250

eFax: (866) 405-4274 

Skype: theresa.harden
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Waikiki Sales Office
2463 Kuhio Ave. C1
Honolulu, Hawaii 96815

Search for Oahu Real Estate For Sale www.Invest808.com

Oahu Property Management Services www.OahuRentalServices.com

Comments (3)

Raymond Henson, eXp Realty
eXp Realty of California, Inc. (lic. #01878277) - Elk Grove, CA
Realtor

That is quite an average sales price.  Almost twice as high as here in Elk Grove.

Nov 06, 2021 04:12 PM
Debe Maxwell, CRS
www.iCharlotteHomes.com | The Maxwell House Group | RE/MAX Executive | (704) 491-3310 - Charlotte, NC
The right Charlotte REALTOR!

Thanks for sharing your market update with us. Buyers & sellers in your area would benefit from your services. Have a great day!

Nov 07, 2021 02:12 PM
Bob Crane
Woodland Management Service / Woodland Real Estate, EXP - Stevens Point, WI
Forestland Experts! 715-204-9671

Hi Theresa,

Thank you for sharing the real estate information. 

Buyers and sellers in your area will benefit from your expertise. 

Wishing you continued success.

Bob

Nov 19, 2021 11:05 AM