Kaneohe, HI Real Estate Listings & Homes for Sale

In November 2024, Kaneohe saw a 14.0% drop in home prices compared to the previous year, with the median sale price settling at $860K. Despite the price decline, homes spent an average of 64 days on the market, unchanged from last year, suggesting consistent buyer interest. Notably, sales activity increased, with 19 homes sold this November compared to 13 in the same period last year. This uptick in sales indicates that lower prices may be motivating buyers to act, creating opportunities in Kaneohe's evolving real estate market while maintaining steady demand.

The Kaneohe housing market is moderately competitive. On average, homes sell within 64 days, typically for about 1% below the list price, and go pending in the same timeframe. Some properties attract multiple offers, while "hot homes"—those in high demand—can sell for about 1% above the asking price and go pending in as little as 41 days. This balance of activity reflects steady buyer interest, with well-priced homes moving faster and commanding stronger offers.

In November 2024, Kaneohe, HI, is a balanced market, meaning the supply of homes for sale matches the current demand from buyers. This equilibrium creates a stable environment where neither buyers nor sellers have a significant advantage. Homes are selling at a steady pace, and prices remain relatively consistent, offering opportunities for both sides to negotiate fair terms in this market.