Ala Moana / Kakaako Housing Market Report February 2025•Honolulu County, Hawaii

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Housing Prices in Ala Moana / Kakaako, HI

How much do homes in Ala Moana / Kakaako, HI cost?

Housing Market Conditions

Is Ala Moana / Kakaako, 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

Ala Moana / Kakaako is a Buyer's Market

Difference Since February 2024

Since last year, Ala Moana / Kakaako has remained a Buyer's Market.

Insight

Ala Moana / Kakaako is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

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.
$860,000$1,021/SqFt
-$7,760
-0.9%

Based on all homes sold in the last 12 months

Insight

Homes in Ala Moana / Kakaako have sold for 0.9% less than they did a year ago.

Summary: The median home sold price in Ala Moana / Kakaako was $860,000 in February 2025, down 0.9% from last year, and the median price per square foot was $1,021.

Median Sold Price By Neighborhoods

Median Sold Price By Neighborhoods
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
Holiday Mart
+4.7%
Ala Moana / Kakaako
-0.9%
Pawaa
-3.8%

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.
BedsFeb 2024Feb 2025Change YoY
1$685K$625K
-8.8%
2$930K$975K
+4.8%
3$1.7M$1.6M
-5.8%
4$12.2M-
N/A
5$716.3K$1.2M
+74.5%

Summary: Ala Moana / Kakaako housing price by bedroom type for February 2025, compared to the previous year. The home price for 1 bedroom homes decreased by -8.8%. The home price for 2 bedroom homes increased by +4.8%. The home price for 3 bedroom homes decreased by -5.8%. The home price for 4 bedroom homes did not change. The home price for 5 bedroom homes increased by +74.5%.

How does Ala Moana / Kakaako, HI compare with other places?

Market comparison tool

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

Ala Moana / Kakaako, HI

Housing supply in Ala Moana / Kakaako, HI

How many homes are available in Ala Moana / Kakaako, 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
455Last MonthFeb 2025
4172 months agoJan 2025
+9.1 %
Change MoMJan – Feb

Summary: The Ala Moana / Kakaako real estate market had 455 homes for sale in Feb 2025, a 9.1 % increase compared to Jan 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
38Last MonthFeb 2025
382 months agoJan 2025
0.0 %
Change MoMJan – Feb

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.
BedsJan 2025Feb 2025Change MoM
1148158
+6.8%
2204224
+9.8%
35460
+11.1%
4910
+11.1%
523
+50.0%

Summary: Ala Moana / Kakaako housing inventory by bedroom type for February 2025, compared to the previous month. The inventory for 1 bedroom homes increased by +6.8%. The inventory for 2 bedroom homes increased by +9.8%. The inventory for 3 bedroom homes increased by +11.1%. The inventory for 4 bedroom homes increased by +11.1%. The inventory for 5 bedroom homes increased by +50.0%.

Asking Price vs. Sold Price

How much do homes in Ala Moana / Kakaako, 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 Price2 Homes

At Asking Price4 Homes

Under Asking Price32 Homes

Insight

If you're buying a home in Ala Moana / Kakaako, you may be able to get a good deal. 84.2% of homes here sold below asking price last month.

Summary: A total of 38 homes were sold or pending in Ala Moana / Kakaako in February 2025, the same as the previous month. Of the 38 sold homes, 84% were sold under asking, 11% were sold at asking, and and 5% were sold over asking.

Days on Market for Ala Moana / Kakaako, HI

How long does it take to sell a home in Ala Moana / Kakaako, HI?

Breakdown of Home Sale Times

Under 30 Days6 Homes

30 – 90 Days14 Homes

Over 90 Days18 Homes

Insight

Most homes in Ala Moana / Kakaako are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During February 2025, 38 homes were sold in Ala Moana / Kakaako; 16% of homes were sold within 30 days, 37% of homes were sold within 30 to 90 days, and 47% 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
101 DaysThis YearFeb 2025
58 Days1 year agoFeb 2024
+73.0 %
Change YoYFeb 2024 – Feb 2025

Summary: Homes in Ala Moana / Kakaako had an average listing age of 101 days in Feb 2025, up by 73.0% compared to the previous year.

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Newest Listings in Ala Moana / Kakaako, HI

What homes are available in Ala Moana / Kakaako, HI?

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MLS Disclaimers and Copyright

Based on information from Hawaii Central MLS, and Hawaii Information Services Inc. for the period 03/01/2023 - 03/01/2025

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: 3/12/2025, 9:20:56 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: 3/12/2025, 9:20:51 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.