Is Upcountry, HI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Upcountry has remained a Seller's Market.
Key Takeaway
Upcountry is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Upcountry, HI
How much do homes in Upcountry, HI cost?
Median Sold Price
$1,110,000
$829/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Upcountry have sold for 0.9% more than they did a year ago.
Summary: The median home sold price in Upcountry was $1,110,000 in May 2024, up 0.9% from last year, and the median price per square foot was $829.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $652.5K | $680.1K | +4.2% |
| 2 Bedrooms | $1.0M | $1.0M | 0.0% |
| 3 Bedrooms | $1.1M | $1.0M | -4.5% |
| 4 Bedrooms | $1.2M | $1.5M | +23.9% |
| 5+ Bedrooms | $1.2M | $1.5M | +18.8% |
Summary: Upcountry housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 4.2%, 2 bedroom homes did not change, 3 bedroom homes decreased by 4.5%, 4 bedroom homes increased by 23.9%, and 5+ bedroom homes increased by 18.8%.
Median Sold Price Compared To Nearby Neighborhoods
| Upcountry | $1.1M | $1.1M | +0.9% |
| Pukalani | $1.0M | $950K | -10.0% |
Housing Supply in Upcountry, HI
How many homes are available in Upcountry, HI?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 77 | 85 | +10.4% |
Summary: The Upcountry real estate market had 85 homes for sale in May 2024, a 10.4% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 3 | 0.0% |
| 2 Bedrooms | 9 | 13 | +44.4% |
| 3 Bedrooms | 40 | 47 | +17.5% |
| 4 Bedrooms | 20 | 18 | -10.0% |
| 5+ Bedrooms | 5 | 4 | -20.0% |
Summary: The Upcountry housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 44.4%, 3 bedroom homes increased by 17.5%, 4 bedroom homes decreased by 10%, and 5+ bedroom homes decreased by 20%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 13 | 18 | +38.5% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Upcountry, you may be able to get a good deal. 44.4% of homes here sold below asking price last month.
Summary: A total of 18 homes were sold or pending in Upcountry in May 2024, up by 38.5% month-over-month. Of the 18 sold homes, 44% were sold under asking, 28% were sold at asking, and 28% were sold over asking.
Days on Market for Upcountry, HI
We’re sorry, we don't have information for this market at the moment
© 2024 MLS Hawaii, Inc. All rights reserved.