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Statewide Quarterly Real Estate Report

Q3 2017

Market Statistics

Prices Rising

Prices rose again for both homes and condos in Q3 2017, with the Hawaii State median home price up 3.1% to $670,000 and the median condo price up 5.6% to $417,000.

Sales Increasing

Sales increased again in Q3 2017 for both homes and condos statewide, up 5.0% for homes and up 6.9% for condos from sales in Q3 last year.

Homes and Condos Selling Faster

Statewide, homes and condos sold faster in Q3, with Days on Market for homes down 6% and for condos down 25% from last year. Properties are going into escrow in about 4 weeks.

SINGLE FAMILY HOMES This Quarter 2017 Q3 Last QUARTEr 2017 Q2 Last YEAr 2016 Q3
Median Sale Price $670,000 $660,000 $650,000
Average Sale Price $833,415 $825,971 $809,208
Homes Sold 2,152 2,191 2,049
Median Days on Market 34 33 36
Bid Ups 21% 21% 23%
CONDOMINIUMS This Quarter 2017 Q3 Last QUARTEr 2017 Q2 Last YEAr 2016 Q3
Median Sale Price $417,000 $409,500 $395,000
Average Sale Price $529,807 $516,208 $490,941
Condos Sold 2,236 2,334 2,092
Median Days on Market 27 27 36
Bid Ups 20% 18% 20%

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