Quantcast Statewide Quarterly Real Estate Report | Locations
×
×

Statewide Quarterly Real Estate Report

Q1 2022

Market Statistics

Price Movement Up in Q1 2022

Hawaii State Median Sale Price movement is up in 2022 Q1, with the home price up 16% to $950,000 and the condo price up 11% to $550,000 from last year.

Home and Condo Sales Activity Mixed in Q1 2022

Hawaii State sales activity is mixed in 2022 Q1, with home sales down -8% and condo sales up 5% 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 2022 Q1 Last QUARTEr 2021 Q4 Last YEAr 2021 Q1
Median Sale Price $950,000 $919,000 $822,500
Average Sale Price $1,297,888 $1,226,506 $1,172,261
Homes Sold 2,061 2,421 2,241
Median Days on Market 16 14 15
Bid Ups 43% 46% 32%
CONDOMINIUMS This Quarter 2022 Q1 Last QUARTEr 2021 Q4 Last YEAr 2021 Q1
Median Sale Price $550,000 $530,000 $495,000
Average Sale Price $731,950 $710,909 $657,270
Condos Sold 2,582 2,669 2,451
Median Days on Market 18 15 36
Bid Ups 41% 39% 21%

MARKET REPORTS

We’re up-to-date with Hawaii's Real Estate Market. We want you to be, too.

View our 2019 Oahu Real Estate Market Report