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Competition Continues To Set Records
December 2021
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The Oahu single-family home median price increased by 22 percent over last December to $1,060,000—a new record high—while the condo median price increased by 14 percent to $485,000. The median single-family home price was at or above $1M for six months of the year in 2021
Single-family home sales fell by 12 percent from a year ago, returning to a typical seasonal pattern following unusually high home sales in December 2020. Condo sales rose by 43 percent over the previous year.
Single-family homes were on the market for a median of 12 days in December—the same as a year ago—while condos were on the market for a median of 14 days—a decrease of 18 percent from December 2020. Low Days on Market is one indicator of strong demand.
| SINGLE FAMILY HOMES | This Month DECEMBER 2021 | Last Month NOVEMBER 2021 | Last Year DECEMBER 2020 |
|---|---|---|---|
| Median Sale Price | $1,060,000 | $1,050,000 | $870,000 |
| Average Sale Price | $1,312,973 | $1,305,966 | $1,107,006 |
| Homes Sold | 377 | 374 | 427 |
| Median Days on Market | 12 | 12 | 11 |
| Bid Ups | 60% | 61% | 46% |
| CONDOMINIUMS | This Month DECEMBER 2021 | Last Month NOVEMBER 2021 | Last Year DECEMBER 2020 |
|---|---|---|---|
| Median Sale Price | $485,000 | $500,000 | $455,000 |
| Average Sale Price | $604,421 | $559,841 | $502,223 |
| Condos Sold | 589 | 603 | 518 |
| Median Days on Market | 14 | 10 | 21 |
| Bid Ups | 40% | 42% | 23% |
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