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Statewide Quarterly Real Estate Report

Q4 2017

Market Statistics

Prices Rising

Prices rose again for both homes and condos in Q4 2017, with the Hawaii State median home price up 4.7% to $675,000 and the median condo price up 2.5% to $405,000.

Sales Increasing

Sales increased again in Q4 2017 for both homes and condos statewide, up 7.7% for homes and up10.3% for condos from sales in Q4 last year.

Competition Increases for Homes and Condos

Statewide, about 1 in every 5 homes or condos sold was bid-up over asking price in Q4 2017. The majority of this bid-up activity is on the island of Oahu.

SINGLE FAMILY HOMES This Quarter 2017 Q4 Last QUARTEr 2017 Q3 Last YEAr 2016 Q4
Median Sale Price $675,000 $670,000 $645,000
Average Sale Price $835,036 $838,132 $809,168
Homes Sold 2,120 2,163 1,968
Median Days on Market 33 34 41
Bid Ups 22% 21% 21%
CONDOMINIUMS This Quarter 2017 Q4 Last QUARTEr 2017 Q3 Last YEAr 2016 Q4
Median Sale Price $405,000 $415,000 $395,000
Average Sale Price $520,645 $529,154 $471,565
Condos Sold 2,219 2,244 2,012
Median Days on Market 34 27 34
Bid Ups 18% 20% 18%

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