96706 Housing Market Report January 2025•Honolulu County, Hawaii

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Housing Prices in 96706, HI

How much do homes in 96706, HI cost?

Housing Market Conditions

Is 96706, HI a buyer’s or seller’s market?

Housing Market Conditions

This is the supply and demand for houses in an area based on home prices and trends.

Buyer’s Market

A buyer’s market occurs when the number of available properties for sale exceeds the number of buyers looking to purchase. In a buyer’s market, the supply exceeds the demand.

Neutral Market

A neutral market occurs when the number of buyers looking to purchase properties meets the number of available properties for sale. In a balanced market, there are enough homes to meet the demand.

Seller’s Market

A seller’s market occurs when there are more buyers looking to purchase properties than there are available homes on the market. In a seller’s market, the demand exceeds the supply.

Seller'sMarket

Buyer'sMarket

96706 is a Seller's Market

Difference Since January 2024

Since last year, 96706 has remained a Seller's Market.

Insight

96706 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Median Sold Price

Median Sold Price
This is the middle price for which all homes in the area were sold. Half of all the homes sold were below this price, and half were above.
$815,642$614/SqFt
-$9,042
-1.1%

Based on all homes sold in the last 12 months

Insight

Homes in 96706 have sold for 1.1% less than they did a year ago.

Summary: The median home sold price in 96706 was $815,642 in January 2025, down 1.1% from last year, and the median price per square foot was $614.

Median Sold Price By City

Median Sold Price By City
This is the middle price for which all homes in the area were sold compared to surrounding cities. Half of all the homes sold were below this price, and half were above.
CityChange YoY
96797
+13.7%
96707
+2.9%
96818
+0.7%
96706
-1.1%

Median Sold Price By Bedrooms

Median Sold Price By Bedrooms
This is the middle price for all homes actively listed in an area broken out by the number of bedrooms. Half of the homes are listed below this price, and half are above.
BedsJan 2024Jan 2025Change YoY
1$426K$458.8K
+7.7%
2$550K$533.7K
-3.0%
3$819.6K$799.6K
-2.5%
4$1.0M$1.0M
+1.8%
5$1.1M$1.2M
+11.9%

Summary: 96706 housing price by bedroom type for January 2025, compared to the previous year. The home price for 1 bedroom homes increased by +7.7%. The home price for 2 bedroom homes decreased by -3.0%. The home price for 3 bedroom homes decreased by -2.5%. The home price for 4 bedroom homes increased by +1.8%. The home price for 5 bedroom homes increased by +11.9%.

Housing supply in 96706, HI

How many homes are available in 96706, HI?

Number of Homes For Sale

Number of Homes For Sale
This is the total number of homes actively listed in an area.
Last Month2 months agoChange MoM
274Last MonthJan 2025
2452 months agoDec 2024
+11.8 %
Change MoMDec – Jan

Summary: The 96706 real estate market had 274 homes for sale in Jan 2025, a 11.8 % increase compared to Dec 2024.

Number of Homes Sold

Number of Homes Sold
This is the total number of both homes sold and pending in an area.
Last Month2 months agoChange MoM
48Last MonthJan 2025
512 months agoDec 2024
-5.9 %
Change MoMDec – Jan

Homes For Sale By Bedroom Count

Homes For Sale By Bedroom Count
This is the total number of homes actively listed in an area by number of bedrooms.
BedsDec 2024Jan 2025Change MoM
127
+250.0%
24548
+6.7%
3113130
+15.0%
46567
+3.1%
52022
+10.0%

Summary: 96706 housing inventory by bedroom type for January 2025, compared to the previous month. The inventory for 1 bedroom homes increased by +250.0%. The inventory for 2 bedroom homes increased by +6.7%. The inventory for 3 bedroom homes increased by +15.0%. The inventory for 4 bedroom homes increased by +3.1%. The inventory for 5 bedroom homes increased by +10.0%.

Asking Price vs. Sold Price

How much do homes in 96706, HI cost?

Asking Price vs. Sold Price

The asking price is how much a home is listed for. The selling price is how much the home actually sold for.

Under Asking

Homes that sold for less than the asking price

At Asking

Homes that sold at their asking price

Over Asking

Homes that sold above the asking price

Over Asking Price11 Homes

At Asking Price17 Homes

Under Asking Price20 Homes

Insight

If you're buying a home in 96706, you may be able to get a good deal. 41.7% of homes here sold below asking price last month.

Summary: A total of 48 homes were sold or pending in 96706 in January 2025, down by 5.9% month-over-month. Of the 48 sold homes, 42% were sold under asking, 35% were sold at asking, and and 23% were sold over asking.

Days on Market for 96706, HI

How long does it take to sell a home in 96706, HI?

Breakdown of Home Sale Times

Under 30 Days20 Homes

30 – 90 Days21 Homes

Over 90 Days7 Homes

Insight

Avg time on Rocket Homes in 96706 has remained consistent over time.

Summary: During January 2025, 48 homes were sold in 96706; 42% of homes were sold within 30 days, 44% of homes were sold within 30 to 90 days, and 15% of homes were sold over 90 days.

Average Sale Time

Average Sale Time
This is the average number of days homes take to sell in an area.
This Year1 year agoChange YoY
48 DaysThis YearJan 2025
35 Days1 year agoJan 2024
+38.1 %
Change YoYJan 2024 – Jan 2025

Summary: Homes in 96706 had an average listing age of 48 days in Jan 2025, up by 38.1% compared to the previous year.

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Newest Listings in 96706, HI

What homes are available in 96706, HI?

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MLS Disclaimers and Copyright

Based on information from Hawaii Central MLS, and Hawaii Information Services Inc. for the period 02/01/2023 - 02/01/2025

Based on information from the Multiple Listing Service of HiCentral MLS, Ltd. Information is deemed reliable but not guaranteed. Copyright: 2025 by HiCentral MLS, Ltd.

Some of the active listings appearing on this site may be listed by other REALTORS®. If you are interested in those active listings, our company may represent you as the buyer's agent. If the active listing you are interested in is our company’s active listing, you may speak to one of our agents regarding your options for representation.

Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 2/8/2025, 3:20:55 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
IDX © 2025 MLS Hawaii, Inc. All rights reserved.
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Those properties marked with Hawaii Information Service's icon are provided courtesy of Hawaii Information Service Multiple Listing Service™ system. IDX information is provided exclusively for consumers' personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable but is not guaranteed accurate by the MLS.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 2/8/2025, 3:20:51 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.