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Honolulu Reporter

Saturday, November 23, 2024

Honolulu County experienced drop in median home valuation prices in March 2024 compared to March 2023

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In March, the median sale price of a home in Honolulu County fell by $1,827,000 from the same period in the previous year, while total sales increased by 376.5%, according to BlockShopper.com.

Data shows that there were 548 homes sold in March, with a median sale price of $1,290,000 - a 58.6% decrease from the $3,117,000 median sale price for the same period of the previous year. There were 115 homes sold in Honolulu County in March 2023.

For context, the median sales tax in Honolulu County, based on the latest available data from 2022, was $2,466, which stands at 0.2% of March's median home sale price.

The following histogram displays changes in median sales prices in Honolulu County from March 2023 to March 2024.

March 2023April 2023May 2023June 2023July 2023August 2023September 2023October 2023November 2023December 2023January 2024February 2024March 2024$3,117,000$3,117,000$2,362,500$2,362,500$1,398,000$1,398,000$1,330,000$1,330,000$1,340,000$1,340,000$1,320,000$1,320,000$1,390,000$1,390,000$1,264,000$1,264,000$1,296,000$1,296,000$1,209,000$1,209,000$1,205,000$1,205,000$1,358,600$1,358,600$1,290,000$1,290,000

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