The current housing market in Kailua showcases a median sale price of $1.4 million, which has increased by 3.4% since last year. The sale price per square foot stands at $856, experiencing a decline of 2.8% from the previous year. Properties are selling for 1.5% under the list price, with homes spending an average of 64 days on the market before selling. Buyers are typically making a down payment of 25%, and a total of 34 homes were sold recently.

The housing market in Kailua is moderately competitive. On average, properties are selling for approximately 2% below the listed price and typically go pending within 64 days. Some properties receive multiple offers, indicating a competitive environment. The most sought-after, or "hot," homes in Kailua can sell for around 1% above the listed price and may go pending in as few as 38 days, showcasing a quicker turnover for these in-demand properties.

People relocating to Kailua are coming from various locations across the country, with 0.71% of homebuyers searching to move into Kailua from outside metropolitan areas. The largest group of incoming residents is from San Francisco, indicating the highest interest in Kailua compared to other metros. This is followed by individuals from Los Angeles and Seattle, making these cities the top origins for new residents moving to Kailua.

Kailua is renowned for its stunning beaches, such as Lanikai and Kailua Beach Park, offering pristine sands and crystal-clear waters ideal for swimming, kayaking, and windsurfing. This Oahu town also boasts a charming downtown area with unique shops, boutiques, and eateries, alongside a laid-back, welcoming atmosphere that embodies the Aloha spirit.

Yes, Kailua is considered a great place to live for those who value a high quality of life. Known for its beautiful beaches, friendly community, and outdoor activities, it offers a blend of natural beauty and a relaxed lifestyle. With its diverse dining options, local boutiques, and close-knit community feel, Kailua provides a unique living experience that combines the amenities of a small town with the picturesque scenery of Hawaii. The area's safety, excellent schools, and community-oriented events further enhance its appeal as a desirable place to call home.

Housing prices in Kailua are not dropping overall. The median sale price of a home in Kailua was $1.4 million, marking an increase of 3.4% since last year. However, the sale price per square foot has decreased by 2.8% from the previous year. This indicates that while the overall sale prices of homes have increased, the price per square foot has seen a slight decrease, suggesting a more complex market dynamic than a straightforward drop in housing prices.