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Featured local agent — Hawaii
Sarah Mitchell
Compass Real Estate · Hawaii
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Hawaii housing market
How is the Hawaii housing market trending?
The median home sale price in Hawaii is $741,300, a -0.3% change from a year ago. Homes sell in an average of 86 days with 6,634 active listings statewide. Properties Incorporated tracks 157 cities across Hawaii with monthly market data from Redfin and Zillow plus Census demographic context. (Source: Redfin monthly MLS data + Zillow Research — the most recent releases; Redfin publishes each month's data on a ~6-week lag — as of May 2026.)
What are Hawaii's key housing stats?
Latest monthly print: May 2026
Median sale price
$741,300
-0.3% YoY
Days on market
86
statewide average
Active listings
6,634
7.0 months supply
30-yr mortgage rate
6.66%
national, weekly
Sale-to-list ratio
97.8%
below asking on average
What is the Hawaii housing market like right now?
Hawaii's housing market spans 157 cities tracked by Properties Incorporated, from dense metropolitan cores to small rural markets. Conditions vary widely within the state — a single statewide number hides the spread between fast-moving urban markets and quieter inland towns — but the rollup figures above give a useful baseline for anyone evaluating a move, an investment, or a refinance in Hawaii.
The Zillow Home Value Index for Hawaii stands at $836,741, reflecting a -0.1% change over the past year. ZHVI tracks the typical home value across the full distribution of homes — not just transacted sales — so it captures shifts in Hawaii's broader housing stock as well as recent buyer activity.
Hawaii's months-of-supply reading is 7.0, above the 6-month threshold that typically signals a buyer's market. Listings have time to sit, and sellers may be open to price negotiation.
Which cities lead the Hawaii housing market?
157 markets tracked — sorted by population
How do Hawaii cities rank by price and growth?
Top markets by price, growth, and velocity — within the largest cities in the state
Most expensive
- 1.Kaanapali$2.85M
- 2.Hanalei$2.40M
- 3.Lawai$2.11M
- 4.Kula$1.96M
- 5.Waikoloa Beach Resort$1.93M
- 6.Olinda$1.41M
- 7.Wailea$1.23M
- 8.Captain Cook$1.20M
Most affordable
- 1.Black Sands$16,000
- 2.Hawaiian Acres$281,000
- 3.Naalehu$310,000
- 4.Nanakuli$345,000
- 5.Kaunakakai$355,000
- 6.Ainaloa$399,000
- 7.Keaau$412,500
- 8.Pahoa$445,000
Biggest price gains (YoY)
- 1.Lawai+127.9%
- 2.Hawaiian Acres+124.8%
- 3.Discovery Harbour+77.3%
- 4.Kaanapali+68.9%
- 5.Waianae+46.2%
- 6.Nanakuli+32.7%
- 7.Wahiawa+31.9%
- 8.Ainaloa+19.1%
Biggest price drops (YoY)
- 1.Black Sands-87.2%
- 2.Waialua-59.9%
- 3.West Loch Estate-47.1%
- 4.Hauula-46.8%
- 5.Ko Olina-43.9%
- 6.Olinda-35.9%
- 7.Honokaa-35.8%
- 8.Ahuimanu-35.0%
Fastest-selling
- 1.Hanapepe25d
- 2.Pahoa46d
- 3.Lahaina49d
- 4.Waialua56d
- 5.Naalehu57d
- 6.Ahuimanu57d
- 7.Mililani Town58d
- 8.Kaunakakai63d
Rankings drawn from the most recent monthly Redfin print across the largest 50 cities by population in Hawaii.
How do current mortgage rates affect Hawaii home buyers?
The current 30-year fixed mortgage rate sits at 6.66%. For a buyer purchasing the Hawaii median-priced home at $741,300 with a 20% down payment, the monthly principal-and-interest payment works out to roughly $3,811 — before taxes, insurance, HOA fees, or private mortgage insurance.
That payment shifts meaningfully with rate moves: a half-point swing on a $593,040 loan changes the monthly bill by roughly $75 to $100. Buyers locking in today should also budget for property taxes and homeowners insurance, both of which can add hundreds per month and vary by county. Model your specific scenario in the mortgage calculator. For where rates and prices are headed next, see our 2026 national forecast comparison.
How do you research Hawaii real estate?
Every Hawaii city page includes the same metric set as the statewide rollup above — median sale price, year-over-year change, days on market, active inventory, sale-to-list ratio — plus current listings drawn from public MLS feeds, Census Bureau demographic context, and a market-verdict assessment of where the balance currently sits between buyers and sellers.
When you're evaluating a move into Hawaii or considering an investment property, three resources work well together: the mortgage calculator for payment math, the affordability tool to back into a target price from income, and the city comparison tool for side-by-side analysis of two finalist markets. Pair them with individual city profiles for the deepest read. For market trend analysis and buying guides, the Properties Incorporated blog covers Hawaii housing trends, first-time buyer guides, and investment analysis updated monthly.
Key questions about Hawaii real estate
What is the median home price in Hawaii?
The median sale price in Hawaii is $741,300 as of May 2026, a -0.3% change from a year earlier.
How is the Hawaii housing market right now?
As of the most recent monthly print, homes in Hawaii are spending about 86 days on the market with roughly 6,634 active listings statewide. Months of supply sits at 7.0 — under 4 months typically favors sellers, over 6 months favors buyers.
Which Hawaii cities are most affordable?
The most affordable cities in Hawaii by median sale price include Black Sands, Hawaiian Acres, Naalehu, Nanakuli, Kaunakakai. Each city page breaks down price, days on market, and recent listings.
Which Hawaii cities are most expensive?
The highest median-price cities tracked in Hawaii include Kaanapali, Hanalei, Lawai, Kula, Waikoloa Beach Resort. Price-per-square-foot, inventory levels, and year-over-year change are listed on each city page.
Which Hawaii cities are seeing the biggest price increases?
Year-over-year price growth leaders in Hawaii include Lawai (+127.9%), Hawaiian Acres (+124.8%), Discovery Harbour (+77.3%), Kaanapali (+68.9%), Waianae (+46.2%). Strong gains can reflect supply constraints, inbound migration, or a combination — read each city page for context.
How long do homes in Hawaii take to sell?
The statewide average is roughly 86 days on market. Velocity varies sharply between cities — Hanapepe averages just 25 days, while smaller markets tend to see longer marketing periods.
How does Hawaii compare to the national housing market?
Hawaii's market data is reported alongside national benchmarks so you can see how the state stacks up. Median price and YoY are shown on each city page.
What is the current 30-year mortgage rate, and what does it mean for Hawaii buyers?
The current 30-year fixed mortgage rate is approximately 6.66%. A buyer purchasing a Hawaii-median home with 20% down would face roughly $3,811 per month in principal and interest, before taxes, insurance, or HOA fees. Use the mortgage calculator to model your specific numbers.
Is Hawaii a good place to invest in real estate?
Whether Hawaii fits your investment thesis depends on time horizon, target city, and whether you're optimizing for cash flow or appreciation. Use the city rankings above — particularly the price-growth and days-on-market columns — to identify markets aligned with your strategy, then drill into the city profile for inventory, demographics, and recent sales context.
How do I get started buying a home in Hawaii?
Start with a target city (use the rankings above to narrow), then review that city's profile for median price, inventory, and current listings. Run the numbers through the mortgage calculator using today's rate to see what payment fits your budget, and compare two finalists side-by-side using the city comparison tool.
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