96816 Housing Market Report May 2025•Honolulu County, Hawaii

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Housing Prices in 96816, HI

How much do homes in 96816, HI cost?

Housing Market Conditions

Is 96816, 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

96816 is a Neutral Market

Difference Since May 2024

Since last year, 96816 has remained a Neutral Market.

Insight

96816 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.
$1,209,333$790/SqFt
+$29,333
+2.5%

Based on all homes sold in the last 12 months

Insight

Homes in 96816 have sold for 2.5% more than they did a year ago.

Summary: The median home sold price in 96816 was $1,209,333 in May 2025, up 2.5% from last year, and the median price per square foot was $790.

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
96822
+5.6%
96815
+4.8%
96821
+3.1%
96816
+2.5%
96826
-6.7%

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$438K$393K
-10.3%
2$650K$625K
-3.8%
3$1.1M$1.1M
-4.2%
4$1.7M$1.7M
0.0%
5$1.5M$1.9M
+22.7%

Summary: 96816 housing price by bedroom type for May 2025, compared to the previous year. The home price for 1 bedroom homes decreased by -10.3%. The home price for 2 bedroom homes decreased by -3.8%. The home price for 3 bedroom homes decreased by -4.2%. The home price for 4 bedroom homes did not change. The home price for 5 bedroom homes increased by +22.7%.

How does 96816, HI compare with other places?

Market comparison tool

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

96816, HI

Housing supply in 96816, HI

How many homes are available in 96816, 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
145Last MonthMay 2025
1412 months agoApr 2025
+2.8 %
Change MoMApr – May

Summary: The 96816 real estate market had 145 homes for sale in May 2025, a 2.8 % 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
22Last MonthMay 2025
292 months agoApr 2025
-24.1 %
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
186
-25.0%
23939
0.0%
32936
+24.1%
42423
-4.2%
54141
0.0%

Summary: 96816 housing inventory by bedroom type for May 2025, compared to the previous month. The inventory for 1 bedroom homes decreased by -25.0%. The inventory for 2 bedroom homes remained the same. The inventory for 3 bedroom homes increased by +24.1%. The inventory for 4 bedroom homes decreased by -4.2%. The inventory for 5 bedroom homes remained the same.

Asking Price vs. Sold Price

How much do homes in 96816, 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 Price9 Homes

At Asking Price1 Home

Under Asking Price12 Homes

Insight

If you're buying a home in 96816, you may be able to get a good deal. 54.5% of homes here sold below asking price last month.

Summary: A total of 22 homes were sold or pending in 96816 in May 2025, down by 24.1% month-over-month. Of the 22 sold homes, 55% were sold under asking, 5% were sold at asking, and and 41% were sold over asking.

Days on Market for 96816, HI

How long does it take to sell a home in 96816, HI?

Breakdown of Home Sale Times

Under 30 Days18 Homes

30 – 90 Days2 Homes

Over 90 Days2 Homes

Insight

Many homes in 96816 are selling fast, if you're buying plan to act quickly.

Summary: During May 2025, 22 homes were sold in 96816; 82% of homes were sold within 30 days, 9% of homes were sold within 30 to 90 days, and 9% 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
33 DaysThis YearMay 2025
79 Days1 year agoMay 2024
-57.3 %
Change YoYMay 2024 – May 2025

Summary: Homes in 96816 had an average listing age of 33 days in May 2025, down by 57.3% compared to the previous year.

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Newest Listings in 96816, HI

What homes are available in 96816, HI?

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MLS Disclaimers and Copyright

Based on information from Hawaii Central MLS, 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: 6/4/2025, 10:45:31 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.