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Big Island Real Estate Report

AUGUST 2024

Market Statistics

BIG ISLAND MEDIAN PRICES MIXED COMPARED TO AUGUST 2023

Big Island median sale price movement is mixed in August 2024, with the home price up 11% to $550,000 and the condo price down -5% to $581,000 from last year.

BIG ISLAND SALES ACTIVITY DOWN FROM AUGUST 2023

Big Island sales activity is down in August 2024, with home sales down -5% and condo sales down -19% from last year.

MEDIAN DAYS ON MARKET UP FROM AUGUST 2023

Big Island market times are up in August 2024, with the home Days on Market up 14% to 33 and the condo Days on Market up 94% to 35 from last year.

SINGLE FAMILY HOMES This MONTH AUGUST 2024 Last MONTH JULY 2024 Last Year AUGUST 2023
Median Sale Price $550,000 $595,000 $497,000
Average Sale Price $837,046 $1,293,101 $996,559
Homes Sold 175 182 184
Median Days on Market 33 28 29
Bid Ups 18% 16% 18%
CONDOMINIUMS This MONTH AUGUST 2024 Last MONTH JULY 2024 Last Year AUGUST 2023
Median Sale Price $581,000 $725,000 $612,500
Average Sale Price $756,179 $1,019,160 $1,017,671
Condos Sold 42 53 52
Median Days on Market 35 16 18
Bid Ups 7% 9% 13%
MARKET REPORTS

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