Makakilo Housing Market Report January 2025•Honolulu County, Hawaii

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Housing Prices in Makakilo, HI

How much do homes in Makakilo, HI cost?

Housing Market Conditions

Is Makakilo, 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

Makakilo is a Buyer's Market

Difference Since January 2024

At the same time last year, Makakilo was a Neutral Market.

Insight

Makakilo 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.
$760,000$590/SqFt
+$82,250
+12.1%

Based on all homes sold in the last 12 months

Insight

Homes in Makakilo have sold for 12.1% more than they did a year ago.

Summary: The median home sold price in Makakilo was $760,000 in January 2025, up 12.1% from last year, and the median price per square foot was $590.

Median Sold Price By City

Median Sold Price By City
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
Makakilo
+12.1%
Kapolei / Honokai Hale
+2.7%

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.
BedsJan 2024Jan 2025Change YoY
1--
N/A
2$522.5K$507.5K
-2.9%
3$772.5K$787.5K
+1.9%
4$975K$1.0M
+3.2%
5$1.1M$1.1M
-6.5%

Summary: Makakilo 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 -2.9%. The home price for 3 bedroom homes increased by +1.9%. The home price for 4 bedroom homes increased by +3.2%. The home price for 5 bedroom homes decreased by -6.5%.

Housing supply in Makakilo, HI

How many homes are available in Makakilo, 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
90Last MonthJan 2025
702 months agoDec 2024
+28.6 %
Change MoMDec – Jan

Summary: The Makakilo real estate market had 90 homes for sale in Jan 2025, a 28.6 % 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
11Last MonthJan 2025
142 months agoDec 2024
-21.4 %
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
100
0.0%
21624
+50.0%
33040
+33.3%
41519
+26.7%
597
-22.2%

Summary: Makakilo housing inventory by bedroom type for January 2025, compared to the previous month. The inventory for 1 bedroom homes remained the same. The inventory for 2 bedroom homes increased by +50.0%. The inventory for 3 bedroom homes increased by +33.3%. The inventory for 4 bedroom homes increased by +26.7%. The inventory for 5 bedroom homes decreased by -22.2%.

Asking Price vs. Sold Price

How much do homes in Makakilo, 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 Price4 Homes

At Asking Price3 Homes

Under Asking Price4 Homes

Insight

If you're buying a home in Makakilo, you may be able to get a good deal. 36.4% of homes here sold below asking price last month.

Summary: A total of 11 homes were sold or pending in Makakilo in January 2025, down by 21.4% month-over-month. Of the 11 sold homes, 36% were sold under asking, 27% were sold at asking, and and 36% were sold over asking.

Days on Market for Makakilo, HI

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

Breakdown of Home Sale Times

Under 30 Days5 Homes

30 – 90 Days6 Homes

Over 90 Days0 Home

Insight

Avg time on Rocket Homes in Makakilo has remained consistent over time.

Summary: During January 2025, 11 homes were sold in Makakilo; 45% of homes were sold within 30 days, 55% of homes were sold within 30 to 90 days, and 0% 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
40 DaysThis YearJan 2025
44 Days1 year agoJan 2024
-7.9 %
Change YoYJan 2024 – Jan 2025

Summary: Homes in Makakilo had an average listing age of 40 days in Jan 2025, down by 7.9% compared to the previous year.

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Newest Listings in Makakilo, HI

What homes are available in Makakilo, 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: 2/4/2025, 11:55:53 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.