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Statewide Quarterly Real Estate Report

Q2 2022

Market Statistics

Price Movement Up in Q2 2022

Hawaii State Median Sale Price movement is up in 2022 Q2, with the home price up 11% to $980,000 and the condo price up 14% to $570,000 from last year.

Home and Condo Sales Activity Mixed in Q2 2022

Hawaii State sales activity is down in 2022 Q2, with home sales down -15% and condo sales down -13% from last year.

Increasingly Competitive Market

Across the state, 48% of the homes sold in the second quarter of 2022 went for over asking price. For condos, 42% of sales were bid-up over asking price.

SINGLE FAMILY HOMES This Quarter 2022 Q2 Last QUARTEr 2022 Q1 Last YEAr 2021 Q2
Median Sale Price $980,000 $950,000 $885,000
Average Sale Price $1,379,681 $1,295,454 $1,300,992
Homes Sold 2,289 2,075 2,687
Median Days on Market 13 16 13
Bid Ups 48% 43% 42%
CONDOMINIUMS This Quarter 2022 Q2 Last QUARTEr 2022 Q1 Last YEAr 2021 Q2
Median Sale Price $570,000 $550,000 $500,000
Average Sale Price $776,554 $732,663 $668,356
Condos Sold 2,880 2,588 3,299
Median Days on Market 15 18 30
Bid Ups 42% 41% 29%

MARKET REPORTS

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