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Hawaii Statewide Real Estate Report

October 2021

Market Statistics

Prices Continue to Rise in October

Hawaii State Median Sale Price movement is up in October 2021, with the home price up 14% to $885,500 and the condo price up 16% to $540,000 from last year.

Home and Condo Sales Up in October

Hawaii State sales activity is up in October 2021, with home sales up 1% and condo sales up 19% from last year.

The Hawaii Market is Getting Increasingly Competitive

Inventory for sale is dropping, Days on Market are dropping, and bid-ups (the percent of sales bid-up over asking price) are increasing, for both homes and condos.

SINGLE FAMILY HOMES This Month OCTOBER 2021 Last Month SEPTEMBER 2021 Last Year OCTOBER 2020
Median Sale Price $885,500 $900,000 $780,000
Average Sale Price $1,165,404 $1,210,540 $978,321
Homes Sold 804 879 796
Median Days on Market 13 13 22
Bid Ups 48% 49% 28%
CONDOMINIUMS This Month OCTOBER 2021 Last Month SEPTEMBER 2021 Last Year OCTOBER 2020
Median Sale Price $540,000 $515,000 $464,000
Average Sale Price $703,043 $682,240 $624,536
Condos Sold 859 933 723
Median Days on Market 14 20 30
Bid Ups 40% 39% 16%

MARKET REPORTS

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