The Hawaii Real Estate Market: 2024 Trends

I want to... 🏠 Sell my home | 🗝️ Buy a home | 🗺️ Find a new place to live in Hawaii

💡 Key Hawaii housing market facts

Data PointValueRankCompared to National Avg
Typical Home Value $861,040[1]#1 of 50 states134.9% higher
Median Listing Price $845,000[2]#1 of 50 states93.2% higher
Median Sale Price $993,000[3]#1 of 50 states143.4% higher
30 Year Mortgage Rate 6.78%[4]#1 of 50 states2.8% lower
Median Days on Market 67[5]#46 of 50 states34.2% longer
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🗺️ Buying a house in the Hawaii real estate market

Hawaii has an affordability score of 11.9, meaning it takes 11.9 years of the median household income ($83,173) to afford Hawaii's median home sale price ($993,000). Because of this, we rank Hawaii as the least affordable state for buyers based strictly on prices compared to income.

Data PointValueRankCompared to National Avg
Median Sale Price $993,000[6]#1 of 50 states143.4% higher
30 Year Mortgage Rate 6.78%[7]#1 of 50 states2.8% lower
Median Household Income $83,173[8]#4 of 50 states28.9% higher
Affordability Ratio 11.9#50 of 50 states91.1% higher
Buyers Agent Commission 2.33%[9]#2 of 50 states12.9% lower
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Resources for Hawaii home buyers

🗺️ Selling a house in the Hawaii real estate market

According to our detailed survey of Hawaii real estate agents, listing agents (those representing the seller) charge an average commission in Hawaii of 2.45%, which is the 3rd lowest in the United States. Buyers' agents charge an average commission of 2.33%, which is the 2nd lowest in the United States.

Data PointValueRankCompared to National Avg
Median Listing Price $845,000[10]#1 of 50 states93.2% higher
Median Sale Price $993,000[11]#1 of 50 states143.4% higher
Median Days on Market 67[12]#46 of 50 states34.2% longer
Buyer's Agent Commission 2.33%[13]#2 of 50 states12.9% lower
Listing Agent Commission 2.45%[14]#3 of 50 states14.3% lower
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Resources for Hawaii home sellers

Moving to Hawaii

According to our recent moving trends survey[15], Hawaii is the 6th most desirable state to move to, with 18% of Americans indicating that they would choose to move there if money were no object. Likewise, 15% of survey respondents indicated that they would move to Honolulu among a choice of America's medium-sized cities.

Here's how Hawaii cities rank in a number of our research studies.

StudyBest Hawaii cityRank
Best Pizza Cities[16]No ranking Hawaii citiesNo ranking Hawaii cities
Best Coffee Cities[17]No ranking Hawaii citiesNo ranking Hawaii cities
Best LGBTQ Cities[18]No ranking Hawaii citiesNo ranking Hawaii cities
Best Bike Cities[19]No ranking Hawaii citiesNo ranking Hawaii cities
Best Commuter Cities[20]No ranking Hawaii citiesNo ranking Hawaii cities
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Article Sources

[1] Zillow – "Zillow Home Value Index". Updated April 30, 2024.
[2] Realtor.com – "Realtor.com Data Library". Updated March 2024.
[3] Redfin – "Redfin Data Center". Updated March 2024.
[4] Bankrate – "Bankrate". Updated May 2024.
[5] Realtor.com – "Realtor.com Data Library". Updated March 2024.
[6] Redfin – "Redfin Data Center". Updated March 2024.
[7] Bankrate – "Bankrate". Updated May 2024.
[8] US Census – "US Census, 2020 American Community Survey". Updated 2020.
[9] Clever Real Estate – "Clever Real Estate survey of American real estate agents". Updated May 2024.
[10] Realtor.com – "Realtor.com Data Library". Updated March 2024.
[11] Redfin – "Redfin Data Center". Updated March 2024.
[12] Realtor.com – "Realtor.com Data Library". Updated March 2024.
[13] Clever Real Estate – "Clever Real Estate survey of American real estate agents". Updated May 2024.
[14] Clever Real Estate – "Clever Real Estate survey of American real estate agents". Updated May 2024.
[15] Home Bay – "Half of Americans Are Surprised by How Much It Costs to Move". Updated February 26, 2024.
[16] Clever Real Estate – "The 15+ Best Pizza Cities in America". Updated February 12, 2024.
[17] Clever Real Estate – "The Best (and Worst) Coffee Cities in America". Updated January 12, 2024.
[18] Clever Real Estate – "The Most (and Least) LGBTQ-Friendly Cities in America". Updated October 23, 2023.
[19] Clever Real Estate – "The Most Bike-Friendly Cities in the U.S.". Updated July 17, 2023.
[20] Clever Real Estate – "The Best (and Worst) Cities for Commuters". Updated September 21, 2023.

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