Waikiki Housing Market Report May 2025•Honolulu County, Hawaii

hero building illustration for mobile

Housing Prices in Waikiki, HI

How much do homes in Waikiki, HI cost?

Housing Market Conditions

Is Waikiki, 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

Waikiki is a Buyer's Market

Difference Since May 2024

At the same time last year, Waikiki was a Seller's Market.

Insight

Waikiki 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.
$550,833$745/SqFt
+$33,190
+6.4%

Based on all homes sold in the last 12 months

Insight

Homes in Waikiki have sold for 6.4% more than they did a year ago.

Summary: The median home sold price in Waikiki was $550,833 in May 2025, up 6.4% from last year, and the median price per square foot was $745.

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
Waikiki
+6.4%
Mccully
+3.6%
Ala Moana / Kakaako
-2.6%
McCully / Moiliili
-2.7%
Kapiolani
-10.9%

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.
BedsMay 2024May 2025Change YoY
1$433.7K$463K
+6.7%
2$618.3K$612.5K
-0.9%
3$896K$998.5K
+11.4%
4$1.3M-
N/A
5--
N/A

Summary: Waikiki housing price by bedroom type for May 2025, compared to the previous year. The home price for 1 bedroom homes increased by +6.7%. The home price for 2 bedroom homes decreased by -0.9%. The home price for 3 bedroom homes increased by +11.4%. The home price for 4 bedroom homes did not change. The home price for 5 bedroom homes did not change.

How does Waikiki, HI compare with other places?

Market comparison tool

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

Waikiki, HI

Housing supply in Waikiki, HI

How many homes are available in Waikiki, 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
609Last MonthMay 2025
5722 months agoApr 2025
+6.5 %
Change MoMApr – May

Summary: The Waikiki real estate market had 609 homes for sale in May 2025, a 6.5 % increase compared to Apr 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
60Last MonthMay 2025
602 months agoApr 2025
0.0 %
Change MoMApr – May

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.
BedsApr 2025May 2025Change MoM
1330345
+4.5%
2215233
+8.4%
32731
+14.8%
400
0.0%
500
0.0%

Summary: Waikiki housing inventory by bedroom type for May 2025, compared to the previous month. The inventory for 1 bedroom homes increased by +4.5%. The inventory for 2 bedroom homes increased by +8.4%. The inventory for 3 bedroom homes increased by +14.8%. The inventory for 4 bedroom homes remained the same. The inventory for 5 bedroom homes remained the same.

Asking Price vs. Sold Price

How much do homes in Waikiki, 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 Price5 Homes

At Asking Price8 Homes

Under Asking Price47 Homes

Insight

If you're buying a home in Waikiki, you may be able to get a good deal. 78.3% of homes here sold below asking price last month.

Summary: A total of 60 homes were sold or pending in Waikiki in May 2025, the same as the previous month. Of the 60 sold homes, 78% were sold under asking, 13% were sold at asking, and and 8% were sold over asking.

Days on Market for Waikiki, HI

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

Breakdown of Home Sale Times

Under 30 Days24 Homes

30 – 90 Days20 Homes

Over 90 Days16 Homes

Insight

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

Summary: During May 2025, 60 homes were sold in Waikiki; 40% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 27% 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
68 DaysThis YearMay 2025
60 Days1 year agoMay 2024
+13.6 %
Change YoYMay 2024 – May 2025

Summary: Homes in Waikiki had an average listing age of 68 days in May 2025, up by 13.6% compared to the previous year.

Connect With An Agent

Local real estate agents are ready to help you find a home here

Sell My Home

Sell your home with an expert or get the job done on your own.

Get Approved

Get a customizable mortgage solution based on today's rates.

Newest Listings in Waikiki, HI

What homes are available in Waikiki, HI?

See More Listings

Nearby markets

Popular Cities with Homes for Sale in Hawaii

MLS Disclaimers and Copyright

Based on information from Hawaii Central MLS, Hawaii Information Services Inc., and San Francisco MLS for the period 06/01/2023 - 06/01/2025

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: 6/3/2025, 11:45:32 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.
By searching, you agree to the EULA Terms Agreement.

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: 6/3/2025, 11:45:31 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
IDXListings on this page identified as belonging to another listing firm are based upon data obtained from the SFAR MLS, which data is copyrighted by the San Francisco Association of REALTORS©, but is not warranted. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Listing Broker has attempted to offer accurate data, but buyers are advised to confirm all data provided. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
© 2025 San Francisco Association of Realtors. All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 6/3/2025, 11:45:30 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.