Makiki / Lower Punchbowl / Tantalu Housing Market Report February 2025•Honolulu County, Hawaii

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Housing Prices in Makiki / Lower Punchbowl / Tantalu, HI

How much do homes in Makiki / Lower Punchbowl / Tantalu, HI cost?

Housing Market Conditions

Is Makiki / Lower Punchbowl / Tantalu, 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

Makiki / Lower Punchbowl / Tantalu is a Buyer's Market

Difference Since February 2024

At the same time last year, Makiki / Lower Punchbowl / Tantalu was a Seller's Market.

Insight

Makiki / Lower Punchbowl / Tantalu 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.
$410,000$596/SqFt
-$10,333
-2.5%

Based on all homes sold in the last 12 months

Insight

Homes in Makiki / Lower Punchbowl / Tantalu have sold for 2.5% less than they did a year ago.

Summary: The median home sold price in Makiki / Lower Punchbowl / Tantalu was $410,000 in February 2025, down 2.5% from last year, and the median price per square foot was $596.

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
Makiki
-2.3%
Makiki / Lower Punchbowl / Tantalu
-2.5%

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$345K$327K
-5.2%
2$461.7K$435K
-5.8%
3$675K$915K
+35.6%
4$1.2M$1.5M
+22.5%
5$5.8M$1.8M
-69.0%

Summary: Makiki / Lower Punchbowl / Tantalu housing price by bedroom type for February 2025, compared to the previous year. The home price for 1 bedroom homes decreased by -5.2%. The home price for 2 bedroom homes decreased by -5.8%. The home price for 3 bedroom homes increased by +35.6%. The home price for 4 bedroom homes increased by +22.5%. The home price for 5 bedroom homes decreased by -69.0%.

How does Makiki / Lower Punchbowl / Tantalu, HI compare with other places?

Market comparison tool

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

Makiki / Lower Punchbowl / Tantalu, HI

Housing supply in Makiki / Lower Punchbowl / Tantalu, HI

How many homes are available in Makiki / Lower Punchbowl / Tantalu, 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
184Last MonthFeb 2025
1532 months agoJan 2025
+20.3 %
Change MoMJan – Feb

Summary: The Makiki / Lower Punchbowl / Tantalu real estate market had 184 homes for sale in Feb 2025, a 20.3 % 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
15Last MonthFeb 2025
102 months agoJan 2025
+50.0 %
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
15154
+5.9%
27192
+29.6%
31520
+33.3%
489
+12.5%
589
+12.5%

Summary: Makiki / Lower Punchbowl / Tantalu housing inventory by bedroom type for February 2025, compared to the previous month. The inventory for 1 bedroom homes increased by +5.9%. The inventory for 2 bedroom homes increased by +29.6%. The inventory for 3 bedroom homes increased by +33.3%. The inventory for 4 bedroom homes increased by +12.5%. The inventory for 5 bedroom homes increased by +12.5%.

Asking Price vs. Sold Price

How much do homes in Makiki / Lower Punchbowl / Tantalu, 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 Price3 Homes

Under Asking Price11 Homes

Insight

If you're buying a home in Makiki / Lower Punchbowl / Tantalu, you may be able to get a good deal. 73.3% of homes here sold below asking price last month.

Summary: A total of 15 homes were sold or pending in Makiki / Lower Punchbowl / Tantalu in February 2025, up by 50.0% month-over-month. Of the 15 sold homes, 73% were sold under asking, 20% were sold at asking, and and 7% were sold over asking.

Days on Market for Makiki / Lower Punchbowl / Tantalu, HI

How long does it take to sell a home in Makiki / Lower Punchbowl / Tantalu, HI?

Breakdown of Home Sale Times

Under 30 Days4 Homes

30 – 90 Days4 Homes

Over 90 Days7 Homes

Insight

Most homes in Makiki / Lower Punchbowl / Tantalu are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During February 2025, 15 homes were sold in Makiki / Lower Punchbowl / Tantalu; 27% of homes were sold within 30 days, 27% 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
92 DaysThis YearFeb 2025
73 Days1 year agoFeb 2024
+24.9 %
Change YoYFeb 2024 – Feb 2025

Summary: Homes in Makiki / Lower Punchbowl / Tantalu had an average listing age of 92 days in Feb 2025, up by 24.9% compared to the previous year.

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Newest Listings in Makiki / Lower Punchbowl / Tantalu, HI

What homes are available in Makiki / Lower Punchbowl / Tantalu, HI?

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MLS Disclaimers and Copyright

Based on information from Hawaii Central MLS, 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: 3/14/2025, 11:20:55 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.