Waikiki Housing Market Report January 2025•Honolulu County, Hawaii

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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 January 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.
$539,928$741/SqFt
+$32,686
+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 $539,928 in January 2025, up 6.4% from last year, and the median price per square foot was $741.

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
Waikiki
+6.4%
Ala Moana / Kakaako
+0.6%
McCully / Moiliili
-4.4%
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.
BedsJan 2024Jan 2025Change YoY
1$426.9K$443.2K
+3.8%
2$605K$628K
+3.8%
3$896K$920K
+2.7%
4$1.3M-
N/A
5--
N/A

Summary: Waikiki housing price by bedroom type for January 2025, compared to the previous year. The home price for 1 bedroom homes increased by +3.8%. The home price for 2 bedroom homes increased by +3.8%. The home price for 3 bedroom homes increased by +2.7%. The home price for 4 bedroom homes did not change. The home price for 5 bedroom homes did not change.

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
514Last MonthJan 2025
4462 months agoDec 2024
+15.2 %
Change MoMDec – Jan

Summary: The Waikiki real estate market had 514 homes for sale in Jan 2025, a 15.2 % 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
50Last MonthJan 2025
462 months agoDec 2024
+8.7 %
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
1266303
+13.9%
2149179
+20.1%
33132
+3.2%
400
0.0%
500
0.0%

Summary: Waikiki housing inventory by bedroom type for January 2025, compared to the previous month. The inventory for 1 bedroom homes increased by +13.9%. The inventory for 2 bedroom homes increased by +20.1%. The inventory for 3 bedroom homes increased by +3.2%. 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 Price4 Homes

At Asking Price12 Homes

Under Asking Price34 Homes

Insight

If you're buying a home in Waikiki, you may be able to get a good deal. 68% of homes here sold below asking price last month.

Summary: A total of 50 homes were sold or pending in Waikiki in January 2025, up by 8.7% month-over-month. Of the 50 sold homes, 68% were sold under asking, 24% 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 Days20 Homes

30 – 90 Days15 Homes

Over 90 Days15 Homes

Insight

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

Summary: During January 2025, 50 homes were sold in Waikiki; 40% of homes were sold within 30 days, 30% of homes were sold within 30 to 90 days, and 30% 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
64 DaysThis YearJan 2025
58 Days1 year agoJan 2024
+11.4 %
Change YoYJan 2024 – Jan 2025

Summary: Homes in Waikiki had an average listing age of 64 days in Jan 2025, up by 11.4% compared to the previous year.

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Newest Listings in Waikiki, HI

What homes are available in Waikiki, HI?

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Nearby markets

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MLS Disclaimers and Copyright

Based on information from Hawaii Central MLS, and Hawaii Information Services Inc. 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: 2/10/2025, 11:20:56 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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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: 2/10/2025, 11:20:52 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.