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Featured local agent — Hanalei, HI
Sarah Mitchell
Compass Real Estate · Hanalei, HI
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Hanalei, HI Housing Market
The typical home in Hanalei, HI is worth $3.28M, fell 4.7% over the past year (Zillow Home Value Index, August 2026). The last median sale price Redfin published was $2.40M (through May 2026). With 1.0 months of supply and homes going under contract in about 144 days, Hanalei is a balanced market. At today's 7.03% 30-year fixed rate, 20% down on a $3.28M home is about $17,504/mo in principal and interest.
Key numbers for Hanalei, HI
Typical home value
$3.28M
-4.7% in 12 months
Zillow, August 2026
Median sale price
$2.40M
Last published period
Redfin, through May 2026
Days on market
144
Slow-moving
Redfin, through May 2026
Active listings
1
1.0 months of supply
Redfin, through May 2026
30-yr fixed rate
7.03%
Freddie Mac weekly average
Freddie Mac via FRED, September 2026
Median household income
$114,375
Home costs 28.7x income
U.S. Census ACS, 2023
Sale-to-list ratio
85.9%
Selling below asking
Redfin, through May 2026
Zillow figures are as of August 2026 and refresh monthly. Redfin figures are through May 2026 — Redfin stopped publishing its public market trackers in June 2026, so those numbers are final, not current. Mortgage rates come from Freddie Mac via FRED and update weekly.
Is Hanalei a buyer's or seller's market?
Hanalei, HI is a balanced market, based on 1.0 months of supply and homes selling in about 144 days. Under 2 months of supply is a severe shortage: expect competition on almost anything priced correctly, and little room to negotiate below asking.
Inputs are Redfin's final published period (May 2026). How we classify markets · Where the data comes from
What does the Hanalei housing market data show?
Every row below is Redfin's final published month for Hanalei, HI. Redfin, through May 2026
| Metric | Value |
|---|---|
| Median sale price | $2.40M |
| Median price per sq ft | $1,210/sq ft |
| Median days on market | 144 days |
| Active inventory | 1 listings |
| Months of supply | 1.0 months |
| Sale-to-list price ratio | 85.9% |
| Homes sold (that month) | 1 |
| Market condition | Balanced market |
How to read these numbers
- Median sale price
- Half the homes that closed sold for more than this, half for less. It moves with what kind of home sold that month, so a quiet month with two big sales can swing it. Redfin's figure for Hanalei is frozen at May 2026.
- Typical home value (ZHVI)
- Zillow's estimate of what a mid-market home in Hanalei is worth right now, whether or not it sold. It is smoother than the median sale price and it still refreshes monthly, which is why this page leads with it.
- Months of supply
- How long it would take to sell every active listing at the current pace. Under 3 favors sellers, over 6 favors buyers, and 3 to 6 is the balanced band.
- Days on market
- Median time from listing to accepted offer. Short means you should have financing ready before you tour; long means there is room to negotiate on price and repairs.
- Sale-to-list ratio
- Sale price divided by the last asking price. Above 100% means bidding above asking is normal here; below 100% means the typical buyer got a discount.
- Price per square foot
- The size-adjusted price. Use it to compare a 1,400 sq ft house to a 2,600 sq ft house, not to value your own home — lot, condition and age move it a lot.
- Listings with a price cut
- Share of active listings that dropped their asking price in the month. A high share is the earliest visible sign that sellers are ahead of what buyers will pay.
- Typical asking rent (ZORI)
- Zillow's repeat-rent index for asking rents on new leases. Paired with the home value it gives the price-to-rent ratio in the rent-vs-buy section below.
How have Hanalei home prices moved?
Across the 26 months we hold for Hanalei, HI, the median sale price fell 3.0%, from $2.48M in May 2021 to $2.40M. The live Zillow value series has fell 4.7% in the last 12 months, which is the more current read now that Redfin's series has stopped. For prices to fall meaningfully from here, supply would have to keep building past 1.0 months while the sale-to-list ratio slips below its current 85.9%. Watch those two together — they move before the median does.
Redfin, through May 2026 — the chart ends at Redfin's final published month.
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What does it cost to buy a home in Hanalei?
Priced off the typical home value of $3.28M at the current 7.03% 30-year fixed rate. These are principal and interest only — property taxes, homeowner's insurance, HOA dues and mortgage insurance are on top, and they vary enough by property that we will not guess them for you.
| Down payment | Cash at close | Loan amount | Monthly P&I |
|---|---|---|---|
| 20% | $655,767 | $2.62M | $17,504/mo |
| 5% | $163,942 | $3.11M | $20,786/mo |
Zillow, August 2026 for the price · Freddie Mac via FRED, September 2026 for the rate
What income do you need?
Lenders generally want housing costs under 28% of gross income. On the 20%-down payment of $17,504, that implies roughly $750,181 a year before you add taxes and insurance. The median household in Hanalei earns $114,375, about $635,806 short of that threshold — the typical local household needs a larger down payment, a co-borrower, or a home below the typical home value to fit the 28% rule. That puts the price-to-income ratio at 28.7x — well above the 3x that was historically considered affordable, which is why down payment size drives who can buy here.
Run it with your own numbers: affordability calculator · mortgage calculator
Buying in Hanalei in the next 12 months?
Tell us your timeline. We send the Hanalei market brief: the price ranges that actually clear, how long homes sit, and what to fix on your credit before you apply.
Is it cheaper to rent or buy in Hanalei?
Zillow does not publish a rent index (ZORI) for Hanalei, HI, so we cannot compute a price-to-rent ratio here without borrowing a nearby market's rents and calling them local — which we will not do. The rent vs. buy calculator works with a rent figure you supply.
Is inventory rising or falling in Hanalei?
Active listings in Hanalei, HI went from 6 in August 2023 to 1 in May 2026, a -83.3% change. Falling inventory tightens competition. When supply drops while demand holds, sale-to-list ratios rise before the median sale price does.
| Month | Active listings | New listings |
|---|---|---|
| January 2024 | 3 | not published |
| February 2024 | 4 | 2 |
| September 2024 | 7 | 2 |
| October 2024 | 7 | not published |
| January 2025 | 9 | not published |
| September 2025 | 6 | not published |
| October 2025 | 7 | 1 |
| November 2025 | 4 | not published |
| December 2025 | 2 | not published |
| January 2026 | 3 | 2 |
| February 2026 | 3 | not published |
| May 2026 | 1 | not published |
Redfin, through May 2026
How does Hanalei compare to Hawaii and the U.S.?
Hanalei homes sell for $2.40M — 224% above the Hawaii median of $741,300. Against the national median of $410,700, Hanalei runs 484% higher.
| Market | Median sale price | YoY | Days on market |
|---|---|---|---|
| Hanalei, HI | $2.40M | not published | 144 days |
| Hawaii statewide | $741,300 | -0.3% | 86 days |
| United States | $410,700 | not published | not published |
City and state rows: Redfin, through May 2026 · U.S. row: Freddie Mac via FRED, April 2026 (MSPUS, quarterly)
What to do next in Hanalei
What buyers should watch
- Months of supply, currently 1.0. It turns before price does — when it climbs past 6, sellers start taking offers they would have rejected a quarter earlier.
- The gap between 5% and 20% down here is $3,282 a month in principal and interest alone, before mortgage insurance. That gap, not the price, is usually what decides your timeline.
- Rate moves. At 7.03%, every full point of rate change moves the payment on a $3.28M home more than a 5% price change does.
- Your credit tier before you shop, not after — it sets the rate you are quoted. Run your numbers first.
What sellers should know
- The median Hanalei listing goes under contract in 144 days. If yours passes that mark, the market is telling you the price is wrong — not that you need more showings.
- Homes here close at 85.9% of asking. Price to that ratio from day one rather than chasing the market down in cuts.
- Your equity moved -4.7% in the last 12 months on the Zillow value series. That, not the price you paid, is what sets your net proceeds.
- Comparable ZIP-level pricing inside Hanalei varies more than the citywide median suggests — check the ZIP pages below before you set a number.
Homes for sale in Hanalei
There are currently 1 homes listed for sale in Hanalei, Hawaii.
Active listings
1
Homes on market
Avg. days on market
144
Days until sale
How much do homes cost in Hanalei by property type?
How the Hanalei, HI market breaks down across single-family homes, condos and townhouses. Redfin, through May 2026
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $2.40M | $1,210/sq ft | 1 | 144 days |
Who lives in Hanalei?
American Community Survey estimates for Hanalei. U.S. Census ACS, 2023
Population
239
Households
101
Median income
$114,375/yr
Median age
65.3 years
Owner-occupied
74.3%
Median home value
$2.00M
Median gross rent
$2,500/mo
Mean commute
23 min
74.3% of occupied homes in Hanalei are owner-occupied, and the rest are rented — which is the share that decides how much of the local housing stock ever reaches the for-sale market. The Census self-reported median home value is $2.00M against Zillow's $3.28M typical value; the gap is normal — ACS asks owners what they think their home is worth, Zillow models transactions.
Which public schools serve Hanalei?
1 schools tracked · 218 students
The largest public schools serving Hanalei, HI by enrollment, drawn from the National Center for Education Statistics. School quality is a commonly cited factor in home-buying decisions — these are the campuses families in this area are most likely to encounter.
Hanalei Elementary School
Grades PK-6 · 218 students
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
Which cities are near Hanalei, HI?
Ordered by distance from Hanalei, not by size. Compare Hanalei side by side with any of them.
Hanalei housing market FAQ
Is Hanalei a buyer's or seller's market?
Hanalei, HI is currently a balanced market. That read comes from 1.0 months of supply, homes going under contract in about 144 days, and sellers getting 85.9% of their asking price in the last month Redfin published (May 2026).
How much do homes cost in Hanalei?
The typical home in Hanalei, HI is worth $3.28M (Zillow Home Value Index, August 2026). The median sale price in the last month Redfin published was $2.40M, about $1,210 per square foot.
Is Hanalei cheaper than the rest of Hawaii?
Hanalei's median sale price of $2.40M is 224% higher than the Hawaii statewide median of $741,300, and 484% above the U.S. median of $410,700. Both figures are for the same period.
How long do homes take to sell in Hanalei?
Homes in Hanalei, HI spent a median of 144 days on market before going under contract, versus 86 days statewide. Over two months means buyers have time to inspect, compare and negotiate. (Redfin, through May 2026.)
What income do you need to buy a home in Hanalei?
At the current 30-year fixed rate of 7.03%, 20% down on a $3.28M home is about $17,504 a month in principal and interest. Lenders typically want that under 28% of gross income, which works out to roughly $750,181 a year before taxes, insurance, HOA dues or mortgage insurance. The local median household income is $114,375.
Are home prices rising in Hanalei?
The typical home value in Hanalei, HI fell 4.7% over the last 12 months, from $3.44M to $3.28M (Zillow, August 2026). This is the live series — it refreshes monthly.
What are the cheapest ZIP codes in Hanalei?
Hanalei ZIP-level sale prices are not all published for the same period, so ranking them would compare different months. The ZIP pages listed on this page show what we hold for each one individually.
Is now a good time to buy in Hanalei?
That depends on your timeline, not on a headline. What the data says today: Hanalei, HI is a balanced market with 1.0 months of supply, the 30-year fixed rate is 7.03%. Properties Incorporated publishes the data; it does not give financial advice.
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