Kalihi-Palama Housing Market Report January 2025•Honolulu County, Hawaii

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Housing Prices in Kalihi-Palama, HI

How much do homes in Kalihi-Palama, HI cost?

Housing Market Conditions

Is Kalihi-Palama, 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

Kalihi-Palama is a Buyer's Market

Difference Since December 2024

Last month, Kalihi-Palama was a Seller's Market.

Insight

Kalihi-Palama 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.
$554,000$570/SqFt
+$84,000
+17.9%

Based on all homes sold in January 2025

Insight

Homes in Kalihi-Palama have sold for 17.9% more than they did a month ago.

Summary: The median home sold price in Kalihi-Palama was $554,000 in January 2025, up 17.9% from last month, and the median price per square foot was $570.

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.
BedsDec 2024Jan 2025Change YoY
1$165K-
N/A
2$347.5K$295K
-15.1%
3$637.5K$925K
+45.1%
4-$790K
N/A
5$960K$838K
-12.7%

Summary: Kalihi-Palama housing price by bedroom type for January 2025, compared to the previous year. The home price for 1 bedroom homes did not change. The home price for 2 bedroom homes decreased by -15.1%. The home price for 3 bedroom homes increased by +45.1%. The home price for 4 bedroom homes did not change. The home price for 5 bedroom homes decreased by -12.7%.

Housing supply in Kalihi-Palama, HI

How many homes are available in Kalihi-Palama, 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
45Last MonthJan 2025
392 months agoDec 2024
+15.4 %
Change MoMDec – Jan

Summary: The Kalihi-Palama real estate market had 45 homes for sale in Jan 2025, a 15.4 % 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
6Last MonthJan 2025
72 months agoDec 2024
-14.3 %
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
147
+75.0%
22021
+5.0%
344
0.0%
424
+100.0%
599
0.0%

Summary: Kalihi-Palama housing inventory by bedroom type for January 2025, compared to the previous month. The inventory for 1 bedroom homes increased by +75.0%. The inventory for 2 bedroom homes increased by +5.0%. The inventory for 3 bedroom homes remained the same. The inventory for 4 bedroom homes increased by +100.0%. The inventory for 5 bedroom homes remained the same.

Asking Price vs. Sold Price

How much do homes in Kalihi-Palama, 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 Price1 Home

At Asking Price2 Homes

Under Asking Price3 Homes

Insight

If you're buying a home in Kalihi-Palama, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 6 homes were sold or pending in Kalihi-Palama in January 2025, down by 14.3% month-over-month. Of the 6 sold homes, 50% were sold under asking, 33% were sold at asking, and and 17% were sold over asking.

Days on Market for Kalihi-Palama, HI

How long does it take to sell a home in Kalihi-Palama, HI?

Breakdown of Home Sale Times

Under 30 Days4 Homes

30 – 90 Days1 Home

Over 90 Days1 Home

Insight

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

Summary: During January 2025, 6 homes were sold in Kalihi-Palama; 67% of homes were sold within 30 days, 17% 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.
Last Month1 month agoChange MoM
61 DaysLast MonthJan 2025
38 Days1 month agoDec 2024
+59.4 %
Change MoMDec – Jan

Summary: Homes in Kalihi-Palama had an average listing age of 61 days in Jan 2025, up by 59.4% compared to the previous month.

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Newest Listings in Kalihi-Palama, HI

What homes are available in Kalihi-Palama, HI?

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MLS Disclaimers and Copyright

Based on information from Hawaii Central MLS, for the period 12/01/2024 - 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, 5:20:58 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.