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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 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.
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|
|Median Days on Market||33||34||41|
|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|
|Median Days on Market||34||27||34|
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