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Competition Continues To Set Records
Q3 2021
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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.
Hawaii State sales activity is up in 2021 Q3, with home sales up 13% and condo sales up 61% from last year.
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% |
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