Hawaii Real Estate Market in 2022: Forecasts + Trends

Clever Real Estate


Clever Real Estate

May 1st, 2022
Updated May 1st, 2022


Hawaii real estate trends

Real estate trends in Hawaii | Sellers | Buyers | Investors | The best and worst of Hawaii | Hawaii resources

Hawaii real estate trends (May 2022)

How is the real estate market in Hawaii?
🏠 Average home value: $875,318
📈 1.66% home value increase month over month
💰 Median sale price: $905,800
⏳ 57 days on the market
🔑 Homes on the market: 2,358
📆 0.8 months of housing inventory
🏦 30-year mortgage rate: 2.86%
💵 Average income: $58,700
State of the market: B-
Hawaii has long been one of the most expensive markets in the U.S., and that isn't changing. However, listing prices are below home values and time on market is increasing, which suggests there’s little buyer demand.
*Data last updated May 2022

More than 10 million tourists visit Hawaii during a typical year, but the islands are also home to more than 1.4 million residents who live there year round.

The Aloha State is known for its iconic beaches, lush rainforests, and delicious local foods like sweet shaved ice, poke, and Spam musubi.

Though Hawaii is known for its eight major volcanic islands, the archipelago actually spans a total of 137 islands in all.

If you're thinking of buying or selling in Hawaii, these Hawaii housing predictions and stats can help you make an informed decision.

Want to save money when you buy or sell your home? With Clever, you'll only pay 1% or $3K in listing fees. Eligible buyers get 0.5% cash back after closing. Find out how much you can save with Clever today!

Selling a home in Hawaii

Hawaii real estate market forecast for sellers
⏰ Homes are selling 7 days faster than the annual average
💰 Homes are selling for $29,671 more than the annual average
💸 Average listing commission: 2.60%
💸 Average buyer's commission: 2.60%

How to sell a home in Hawaii

Cost to sell a home in Hawaii

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Buying a home in Hawaii

How much home you can buy with $300,000 in...
🏠 Honolulu: 430 sq ft
🏡 Kahului: 313 sq ft
🏡 Hilo: 685 sq ft
🏠 Kapaa: 322 sq ft

Investing in Hawaii real estate

Best of Hawaii

Each month, we compare cities in Hawaii based on different criteria. This month, we're looking at affordability and ranking the best cities in the state.

Most Affordable Cities in Hawaii
1. Hilo
2. Urban Honolulu
3. Kapaa

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Worst of Hawaii

Each month, we compare cities in Hawaii based on a different criteria. This month we're looking at affordability data. These are the cities that ranked the worst in the state.

Least Affordable Cities in Hawaii
1. Kaneohe
2. Pearl City
3. Kahului-Wailuku-Lahaina

Hawaii resources

👋 Next Steps: Talk to an expert!

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Frequently asked questions about Hawaii real estate

Yes, Hawaii is a great state to invest in real estate, especially in cities like Honolulu where there's always a demand for housing and vacation rentals. Before investing, however, you need to do some research and plan out your finances and learn about the best neighborhoods to buy in. Learn more about it in our guide to real estate investing.

Although real estate has always been more expensive in Hawaii than most other states, the dip in demand makes it a good time to buy right now. Listing prices are down and homes are sitting on the market which can allow buyers to negotiate a great deal. To make the buying process as easy as possible, work with a top real estate agent to help you find the perfect deal.


Clever's analysis of state market trends is based on local data from Zillow, realtor.com, Redfin, S&P Global, the U.S. Census, and Clever surveys. Our team of over 20 real estate analysts from across the country research local markets and data to compile our "Best" and "Worst" rankings.

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