Downtown Housing Market Report January 2025•Honolulu County, Hawaii

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Housing Prices in Downtown, HI

How much do homes in Downtown, HI cost?

Housing Market Conditions

Is Downtown, 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

Downtown is a Seller's Market

Difference Since January 2024

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

Insight

Downtown 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.
$402,000$597/SqFt
-$7,000
-1.7%

Based on all homes sold in the last 12 months

Insight

Homes in Downtown have sold for 1.7% less than they did a year ago.

Summary: The median home sold price in Downtown was $402,000 in January 2025, down 1.7% from last year, and the median price per square foot was $597.

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$352.5K$360K
+2.1%
2$610.5K$495K
-18.9%
3$550K$585K
+6.4%
4-$1.5M
N/A
5-$875K
N/A

Summary: Downtown housing price by bedroom type for January 2025, compared to the previous year. The home price for 1 bedroom homes increased by +2.1%. The home price for 2 bedroom homes decreased by -18.9%. The home price for 3 bedroom homes increased by +6.4%. The home price for 4 bedroom homes did not change. The home price for 5 bedroom homes did not change.

Housing supply in Downtown, HI

How many homes are available in Downtown, 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
101Last MonthJan 2025
832 months agoDec 2024
+21.7 %
Change MoMDec – Jan

Summary: The Downtown real estate market had 101 homes for sale in Jan 2025, a 21.7 % 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
18Last MonthJan 2025
92 months agoDec 2024
+100.0 %
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
14860
+25.0%
23136
+16.1%
344
0.0%
400
0.0%
501
+100.0%

Summary: Downtown housing inventory by bedroom type for January 2025, compared to the previous month. The inventory for 1 bedroom homes increased by +25.0%. The inventory for 2 bedroom homes increased by +16.1%. The inventory for 3 bedroom homes remained the same. The inventory for 4 bedroom homes remained the same. The inventory for 5 bedroom homes increased by +100.0%.

Asking Price vs. Sold Price

How much do homes in Downtown, 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 Price3 Homes

At Asking Price5 Homes

Under Asking Price10 Homes

Insight

If you're buying a home in Downtown, you may be able to get a good deal. 55.6% of homes here sold below asking price last month.

Summary: A total of 18 homes were sold or pending in Downtown in January 2025, up by 100.0% month-over-month. Of the 18 sold homes, 56% were sold under asking, 28% were sold at asking, and and 17% were sold over asking.

Days on Market for Downtown, HI

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

Breakdown of Home Sale Times

Under 30 Days9 Homes

30 – 90 Days6 Homes

Over 90 Days3 Homes

Insight

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

Summary: During January 2025, 18 homes were sold in Downtown; 50% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 17% 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
47 DaysThis YearJan 2025
44 Days1 year agoJan 2024
+6.9 %
Change YoYJan 2024 – Jan 2025

Summary: Homes in Downtown had an average listing age of 47 days in Jan 2025, up by 6.9% compared to the previous year.

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Newest Listings in Downtown, HI

What homes are available in Downtown, HI?

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MLS Disclaimers and Copyright

Based on information from Hawaii Central MLS, 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: 2/5/2025, 8:20:56 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.