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Statewide Quarterly Real Estate Report

Q3 2021

Market Statistics

Price Movement Up in Q3 2021

Hawaii State Median Sale Price movement is up in 2021 Q3, with the home price up 19% to $895,000 and the condo price up 16% to $520,000 from last year.

Home and Condo Sales Activity Mixed in Q3 2021

Hawaii State sales activity is up in 2021 Q3, with home sales up 13% and condo sales up 61% from last year.

Increasingly Competitive Market

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 Quarter 2021 Q3 Last QUARTEr 2021 Q2 Last YEAr 2020 Q3
Median Sale Price $895,000 $885,000 $750,000
Average Sale Price $1,254,909 $1,300,992 $927,099
Homes Sold 2,584 2,687 2,290
Median Days on Market 13 13 29
Bid Ups 49% 42% 22%
CONDOMINIUMS This Quarter 2021 Q3 Last QUARTEr 2021 Q2 Last YEAr 2020 Q3
Median Sale Price $520,000 $500,000 $450,000
Average Sale Price $683,723 $668,814 $579,628
Condos Sold 2,986 3,304 1,849
Median Days on Market 20 30 38
Bid Ups 36% 29% 14%

MARKET REPORTS

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View our 2019 Oahu Real Estate Market Report
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