Over the past 3 years, an average of 10 lots sold per year in Metro Honolulu. This small sample size means the graph may not capture the full market picture.
The Metro Honolulu graphs use median data points instead of averages, as the median is less affected by extreme outliers and better reflects typical trends.
Metro Honolulu Land Market Summary (July '24 - June '25 vs July '23 - June '24)
Median Sales Price: $940,000 vs $960,000 — down 2.08%
Number of Sales: 12 vs 9 — up 33.33%
List-to-Sale Price Ratio: 100.27% vs 76.8% — up 30.56%
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We exclude Leasehold data from this market analysis because Leasehold properties do not compare with regular Fee Simple properties.
We use median instead of the average because it depicts more accurately a central tendency to the sample size. Example: Take 5 numbers - 3, 5, 7, 9, 21. The median is 7 (the middle number) and the average is 9 (sum of all divided by 5).
We count days on market from listing date through closing date.
