96797 Housing Market Report May 2025•Honolulu County, Hawaii

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Housing Prices in 96797, HI

How much do homes in 96797, HI cost?

Housing Market Conditions

Is 96797, 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

96797 is a Neutral Market

Difference Since May 2024

At the same time last year, 96797 was a Seller's Market.

Insight

96797 is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

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.
$820,000$649/SqFt
+$70,000
+9.3%

Based on all homes sold in the last 12 months

Insight

Homes in 96797 have sold for 9.3% more than they did a year ago.

Summary: The median home sold price in 96797 was $820,000 in May 2025, up 9.3% from last year, and the median price per square foot was $649.

Median Sold Price By Zip Codes

Median Sold Price By Zip Codes
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
+9.3%
96707
+5.2%
96789
+4.4%
96706
-3.7%

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.
BedsMay 2024May 2025Change YoY
1$414.6K$410K
-1.1%
2$520K$510K
-1.9%
3$877K$889K
+1.4%
4$967.5K$1.0M
+8.0%
5$1.1M$1.1M
0.3%

Summary: 96797 housing price by bedroom type for May 2025, compared to the previous year. The home price for 1 bedroom homes decreased by -1.1%. The home price for 2 bedroom homes decreased by -1.9%. The home price for 3 bedroom homes increased by +1.4%. The home price for 4 bedroom homes increased by +8.0%. The home price for 5 bedroom homes increased by 0.3%.

How does 96797, HI compare with other places?

Market comparison tool

Data and numbers shown are subject to change and may vary based on different timeframes.

96797, HI

Housing supply in 96797, HI

How many homes are available in 96797, 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
162Last MonthMay 2025
1472 months agoApr 2025
+10.2 %
Change MoMApr – May

Summary: The 96797 real estate market had 162 homes for sale in May 2025, a 10.2 % increase compared to Apr 2025.

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
27Last MonthMay 2025
312 months agoApr 2025
-12.9 %
Change MoMApr – May

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.
BedsApr 2025May 2025Change MoM
142
-50.0%
26775
+11.9%
34254
+28.6%
42120
-4.8%
51311
-15.4%

Summary: 96797 housing inventory by bedroom type for May 2025, compared to the previous month. The inventory for 1 bedroom homes decreased by -50.0%. The inventory for 2 bedroom homes increased by +11.9%. The inventory for 3 bedroom homes increased by +28.6%. The inventory for 4 bedroom homes decreased by -4.8%. The inventory for 5 bedroom homes decreased by -15.4%.

Asking Price vs. Sold Price

How much do homes in 96797, 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 Price10 Homes

At Asking Price6 Homes

Under Asking Price11 Homes

Insight

If you're buying a home in 96797, you may be able to get a good deal. 40.7% of homes here sold below asking price last month.

Summary: A total of 27 homes were sold or pending in 96797 in May 2025, down by 12.9% month-over-month. Of the 27 sold homes, 41% were sold under asking, 22% were sold at asking, and and 37% were sold over asking.

Days on Market for 96797, HI

How long does it take to sell a home in 96797, HI?

Breakdown of Home Sale Times

Under 30 Days18 Homes

30 – 90 Days3 Homes

Over 90 Days6 Homes

Insight

Many homes in 96797 are selling fast, if you're buying plan to act quickly.

Summary: During May 2025, 27 homes were sold in 96797; 67% of homes were sold within 30 days, 11% of homes were sold within 30 to 90 days, and 22% 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
50 DaysThis YearMay 2025
20 Days1 year agoMay 2024
+145.5 %
Change YoYMay 2024 – May 2025

Summary: Homes in 96797 had an average listing age of 50 days in May 2025, up by 145.5% compared to the previous year.

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Newest Listings in 96797, HI

What homes are available in 96797, HI?

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MLS Disclaimers and Copyright

Based on information from Hawaii Central MLS, and Hawaii Information Services Inc. for the period 06/01/2023 - 06/01/2025

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: 6/22/2025, 6:45:31 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.
By searching, you agree to the EULA Terms Agreement.

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: 6/22/2025, 6:45:31 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.