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Statewide Quarterly Real Estate Report

2023 Q1

Market Statistics

MEDIAN PRICE MOVEMENT MIXED IN Q1 2023

Hawaii State median sale price movement is mixed in 2023Q1, with the home price down -4% to $910,000 and the condo price flat 0% to $550,000 from last year.

HOME AND CONDO SALES ACTIVITY DOWN IN Q1 2023

Hawaii State sales activity is down in 2023Q1, with home sales down -40% and condo sales down -41% from last year.

MARKET TIMES UP IN Q1 2023

Hawaii State market times are up in 2023Q1, with the home Days on Market up 194% to 47 and the condo Days on Market up 89% to 34 from last year.

SINGLE FAMILY HOMES This QUARTER 2023 Q1 Last QUARTER 2022 Q4 Last Year 2022 Q1
Median Sale Price $910,000 $928,500 $950,000
Average Sale Price $1,238,079 $1,169,955 $1,302,310
Homes Sold 1244 1424 2081
Median Days on Market 47 33 16
Bid Ups 21% 25% 43%
CONDOMINIUMS This QUARTER 2023 Q1 Last QUARTER 2022 Q4 Last Year 2022 Q1
Median Sale Price $550,000 $545,000 $550,000
Average Sale Price $766,861 $704,805 $729,843
Condos Sold 1526 1562 2591
Median Days on Market 34 26 18
Bid Ups 20% 25% 41%
MARKET REPORTS

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