22 cities with year-over-year price decreases
-41.1%
Biggest Drop
-18.7%
Avg Decline
Price drops can signal buying opportunities. These markets may offer better negotiating leverage and more affordable entry points compared to last year.
| # | City | YoY Change | Median Price | Days on Market | Months Supply |
|---|---|---|---|---|---|
| 1 | Kailua-Kona | -41.1% | $586K | 148 days | 6.6 mo |
| 2 | Waimalu | -37.9% | $379K | 127 days | 4.1 mo |
| 3 | Kaiminani | -36.0% | $953K | 110 days | 3.2 mo |
| 4 | Kalaoa | -36.0% | $953K | 110 days | 3.3 mo |
| 5 | Waianae | -34.5% | $279K | 140 days | 7.0 mo |
| 6 | Waipahu | -33.7% | $558K | 101 days | 2.6 mo |
| 7 | Aiea | -27.9% | $455K | 123 days | 4.3 mo |
| 8 | Makakilo | -27.6% | $651K | 116 days | 5.6 mo |
| 9 | Waihee-Waiehu | -24.8% | $865K | 68 days | 1.4 mo |
| 10 | Napili-Honokowai | -24.2% | $500K | 236 days | 11.9 mo |
| 11 | Waikoloa Village | -22.4% | $815K | 114 days | 3.9 mo |
| 12 | Kahului | -13.6% | $920K | 111 days | 6.1 mo |
| 13 | Pearl City | -11.9% | $970K | 55 days | 3.1 mo |
| 14 | Wailea | -11.7% | $1.60M | 151 days | 11.7 mo |
| 15 | Kaneohe | -6.7% | $812K | 79 days | 3.3 mo |
| 16 | Maili | -6.4% | $583K | 91 days | 6.4 mo |
| 17 | Mililani Mauka | -5.6% | $548K | 112 days | 5.0 mo |
| 18 | East Kapolei | -5.3% | $683K | 106 days | 3.0 mo |
| 19 | East Honolulu | -2.6% | $1.29M | 71 days | 5.5 mo |
| 20 | Honolulu | -0.8% | $608K | 99 days | 6.8 mo |
| 21 | Ainaloa | -0.8% | $390K | 95 days | 2.6 mo |
| 22 | Waimea | -0.7% | $1.36M | 46 days | 5.6 mo |
22 cities in Hawaii are experiencing year-over-year price declines. The largest drop is in Kailua-Kona at -41.1%.
Price drops can create buying opportunities, but timing the market is difficult. Work with a local agent who understands whether a market is stabilizing or may continue to decline.
Work with a local agent who can help you identify value in changing markets.
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