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Hawaii Statewide Real Estate Report

AUGUST 2023

Market Statistics

MEDIAN SALE PRICE MIXED IN AUGUST

Hawaii State median sale price movement is mixed in August 2023, with the home price down -1% to $938,750 and the condo price up 7% to $565,000 from last year.

HOME AND CONDO SALES DOWN IN AUGUST

Hawaii State sales activity is down in August 2023, with home sales down -22% and condo sales down -17% from last year.

MARKET TIMES ARE UP IN AUGUST

Hawaii State market times are up in August 2023, with the home Days on Market up 35% to 27 and the condo Days on Market up 47% to 25 from last year.

SINGLE FAMILY HOMES This MONTH AUGUST 2023 Last MONTH JULY 2023 Last Year AUGUST 2022
Median Sale Price $938,750 $965,000 $945,300
Average Sale Price $1,312,205 $1,217,504 $1,250,902
Homes Sold 516 471 658
Median Days on Market 27 27 20
Bid Ups 28% 28% 33%
CONDOMINIUMS This MONTH AUGUST 2023 Last MONTH JULY 2023 Last Year AUGUST 2022
Median Sale Price $565,000 $538,500 $530,000
Average Sale Price $787,381 $745,605 $688,822
Condos Sold 595 572 719
Median Days on Market 25 24 17
Bid Ups 24% 24% 32%
MARKET REPORTS

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