February 2024 Honolulu real estate stats

FEBRUARY 2024

House

Single-Family Market

$1,075,000Median Single-Family Price

179Home Sales

Condo / Townhome Market

$512,500Median Condo Price

334Closed Sales

Honolulu Board of Realtors

SOURCE: HONOLULU BOARD OF REALTORS® RESIDENTIAL RESALES DATA COMPILED FROM HICENTRAL MLS, LTD.

O‘ahu Housing Market Warms Up in February
SINGLE-FAMILY HOME AND CONDO SALES CONTINUE TO RISE DESPITE MODEST INCREASE IN MEDIAN PRICES
Thus far in the new year, O‘ahu’s housing market continues its upward trajectory. February brought an increase in new listings compared to last year, with 295 in the single-family home market and 533 in the condo market, marking growth of 26.6% and 15.1%, respectively. Notably, the $800,000 to $899,999 price range for single-family homes experienced an 88.0% surge in new listings, while the condo market experienced a 33.8% rise in the $300,000 to $499,999 range. With the exception of Hawai‘i Kai and Kailua, all regions maintained or surpassed last year’s new listing volumes for condos.
Our February Monthly Statistics Report shows:
The information contained in this report is provided to the National Association of REALTORS® and the Hawaiʻi State Department of Economic Development, Business and Tourism for its official reports. This report reflects information about resales of existing properties only and does not include new home sales. All of the MLS information is compiled from sales reported during the cited months; this data is known only after closing of escrow. This report is provided as a service to HBR members.