New Listing
21
$195,000
355 Orchid Mnr Unit 319
Hilo, HI 96720
0 bd1 ba496 sqft$393/ft²
Condo
Tawny Bergman · Jade Dream Properties, LLC
View photos & details
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Hilo, HI Housing Market & Real Estate
Buyer's market-7.7% YoY
Housing market overview · Updated monthly ·
$534,500median sale price
How is the Hilo, HI housing market right now?
The median home sale price in Hilo, HI is $534,500, down 7.7% year-over-year. Homes sell in an average of 108 days with 114 active listings. The market is currently a buyer's market. (Source: Redfin monthly MLS data, as of May 2026 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)
Is Hilo a buyer's or seller's market?
Buyer's market7.1 months of supply108 avg. days on market
Hilo, HI is currently a buyer's market, based on 7.1 months of supply and homes selling in about 108 days. How we determine this →
Homes sold
16
Last 12 weeks
Days on market
108
Average pace
Active listings
114
7.1 months supply
Sale-to-list
96.7%
Below asking
What does the Hilo housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $534,500 |
| Median list price | $722,500 |
| Year-over-year price change | -7.7% |
| Average days on market | 108 days |
| Active inventory | 114 listings |
| Months of supply | 7.1 months |
| Sale-to-list price ratio | 96.7% |
| Median price per sq ft | $384/sq ft |
| Homes sold (latest month) | 16 |
| New listings (latest month) | 18 |
| Listings with a price cut | 19.3% |
| Market condition | Buyer's market |
Source: Redfin · Updated monthly
How much do homes cost in Hilo by property type?
How the Hilo, HI market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $534,500 | $405/sq ft | 12 | 89 days |
| Condo / Co-op | $159,000 | $241/sq ft | 1 | 515 days |
| Townhouse | $410,000 | $389/sq ft | 1 | 57 days |
Source: Redfin · Updated monthly
The Hilo housing market is currently classified as a buyer's market with a median sale price of $534,500. Prices have fallen 7.7% compared to last year, with homes spending an average of 108 days on market, indicating 7.1 months of inventory.This inventory level gives buyers significantly more negotiating power, allowing time to inspect properties thoroughly and potentially negotiate better terms.The price-to-income ratio of 7.1x provides context for how home values compare to local earning capacity.
Homes for sale in Hilo
There are currently 114 homes listed for sale in Hilo, Hawaii. The median listing price is $723K. Featured listings range from $195,000 to $1,100,000.
New Listing
24
$235,000
236 Lyman Ave
Hilo, HI 96720
3 bd2 ba1,043 sqft$225/ft²
House
Coldwell Banker Realty
View photos & details
New Listing
7
$265,000
482 Leilani St
Hilo, HI 96720
Land12,500 sqft lot
Denise Nakanishi · Real Broker
View photos & details
New Listing
30
$320,000
1875 Kalanianaole St Apt 604
Hilo, HI 96720
1 bd1 ba516 sqft$620/ft²
Condo
Jake Moran · Hilo Brokers Ltd
View photos & details
New Listing
30
$485,000
555 Kukuau St Unit A203
Hilo, HI 96720
2 bd3 ba1,253 sqft$387/ft²
Condo
Denise Nakanishi · Real Broker
View photos & details
New Listing
22
$500,000
463 Mililani St
Hilo, HI 96720
Land20,000 sqft lot
Julie Hugo · Aloha Sotheby's Intl Realty - Hawai'i
View photos & details
New Listing
5
$525,000
141 Alae St
Hilo, HI 96720
3 bd1 ba1,488 sqft$353/ft²
House5,086 sqft lot
Sophia Chun · Ginoza Realty Inc
View photos & details
New Listing
16
$559,000
29 Laula Rd
Hilo, HI 96720
3 bd2 ba1,470 sqft$380/ft²
House12,071 sqft lot
Rochelle Augustin Beck · KW Big Island
View photos & details
New Listing
30
$565,000
1667 Kilauea Ave
Hilo, HI 96720
4 bd3 ba1,326 sqft$426/ft²
House21,780 sqft lot
Lance Miyasato · Century 21 Homefinders of Hawaii
View photos & details
New Listing
26
$639,000
2405 Kalanianaole Ave Unit 209
Hilo, HI 96720
1 bd2 ba1,040 sqft$614/ft²
Condo
Cynthia Harrison · Aloha Sotheby's Intl Realty - Hawai'i
View photos & details
New Listing
27
$999,000
699 Kulaloa Rd
Hilo, HI 96720
4 bd3 ba2,910 sqft$343/ft²
House3.22 acres
Naomi Watts · HomeSmart Island Homes
View photos & details
New Listing
24
$1,100,000
768 Lahou St
Hilo, HI 96720
6 bd4 ba2,305 sqft$477/ft²
House10,000 sqft lot
Terry Schoneberg · Sunrise Properties LLC
View photos & details
Looking to buy in Hilo?
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Active listings
114
Homes on market
Median list price
$723K
Avg. days on market
108
Days until sale
New this week
18
Newly listed
Price drops:19.3%of listings
Sale-to-list:96.7%
Who lives in Hilo?
Population
48,223
Median income
$78,713/yr
Median age
42.6 years
Owner-occupied
65.5%
College grads
34.0%
Avg commute
20.1 min
Source: U.S. Census Bureau ACS
What are homes worth in Hilo?
Zillow home value
$561,904
Zillow rent index
$2,095/mo
Price-to-rent ratio
22.3x
Price-to-income
7.1x
Source: Zillow Research
What is it like to live in Hilo?
Hilo is a community of approximately 48K residents with a median age of 42.6 years.The median household income is $78,713, which reflects a relatively affluent area with strong earning potential. 34.0% of residents hold a bachelor's degree or higher, showing a mixed educational demographic.
Homeownership rates are at 65.5%, reflecting strong community stability and long-term resident commitment. The average commute time is 20.1 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, Hilo offers a balanced lifestyle with accessible home values relative to local income levels.
Which public schools serve Hilo?
16 schools tracked · 7,991 students
The largest public schools serving Hilo, 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.
Waiakea High School
Grades 9-12 · 1,217 students
Hilo High School
Grades 9-12 · 1,192 students
Waiakea Intermediate School
Grades 6-8 · 854 students
Waiakea Elementary School
Grades PK-5 · 725 students
Waiakeawaena Elementary School
Grades PK-5 · 672 students
Hilo Intermediate School
Grades 7-8 · 486 students
Ernest Bowen DeSilva Elementary School
Grades PK-6 · 465 students
Hilo Union Elementary School
Grades PK-6 · 446 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 Hilo, HI?
Want a head-to-head view? Compare Hilo side-by-side with any other U.S. city using our market-comparison tool.
Which ZIP codes are in Hilo?
Is Hilo a good real estate investment market?
For investors evaluating Hilo, the price-to-rent ratio of 22.3x indicates higher purchase prices relative to rental income, typical of appreciation-focused markets. The market has softened 7.7% year-over-year, potentially creating entry opportunities for strategic buyers.Use our rent vs. buy calculator to analyze whether owning or renting makes more financial sense based on Hilo's current market conditions and your specific situation. Estimate your monthly payment with the mortgage calculator using Hilo's median home price.
Frequently asked questions
What is the average home price in Hilo?
The median home sale price in Hilo is $534,500, down 7.7% from last year.
How long do homes stay on market in Hilo?
Homes typically spend 108 days on market before going under contract.
What is the median income in Hilo?
The median household income is $78,713 per year.
Is Hilo a buyer's or seller's market?
With 7.1 months of supply, Hilo is currently a buyer's market.
How many homes are for sale in Hilo?
There are currently 114 homes listed for sale in Hilo, HI.
What is the Zillow home value estimate for Hilo?
The Zillow Home Value Index (ZHVI) for Hilo is $561,904, representing the typical home value in the area.
What is the median condo price in Hilo?
The median condo/co-op sale price in Hilo, HI is $159,000, compared to $534,500 for a single-family home, based on the latest Redfin data.
How much does a single-family home cost in Hilo?
The median single-family home price in Hilo, HI is $534,500 (about $405 per square foot).
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