Hawaii ranks at 25 out of 100 against 51 states, based on how often homes sold above list, how close to list they sold, how fast they sold, supply and price drops.
The numbers
| March–May 2026 | A year earlier | Change | |
|---|---|---|---|
| Homes sold above list price | 18% | 18% | +0.3 pts |
| Average sale-to-list ratio | 97.5% | 97.7% | −0.2 pts |
| Median days on market | 96 | 91 | +5 |
| Months of supply | 6.8 | 7.2 | −6.0% |
| Listings with a price drop | 17% | 19% | −1.5 pts |
| Median sale price | $751,806 | $748,621 | +0.4% |
| Median price per sq ft | $645 | $674 | −4.2% |
| Homes sold | 2949 | 2927 | +0.8% |
The trend
Cities and towns in Hawaii
| City | Heat score | ZIP codes |
|---|---|---|
| Pearl City | 40 · Warm | 1 |
| Holualoa | 33 · Balanced | 1 |
| East Kapolei | 29 · Balanced | 1 |
| East Honolulu | 27 · Balanced | 2 |
| Kailua | 26 · Balanced | 1 |
| Hawaiian Paradise Park | 21 · Balanced | 1 |
| Hickam Housing | 19 · Cool | 2 |
| Kahului | 18 · Cool | 1 |
| Waimea | 18 · Cool | 1 |
| Mountain View | 15 · Cool | 1 |
| Kapaa | 12 · Cool | 1 |
| Urban Honolulu | 10 · Cool | 13 |
| Kihei | 10 · Cool | 1 |
| Hawaiian Ocean View | 5 · Cool | 1 |
All 32 places, A to Z
East Honolulu
East Kapolei
Eleele
Haiku-Pauwela
Hanapepe
Hawaiian Acres
Hawaiian Ocean View
Hawaiian Paradise Park
Hawi
Hickam Housing
Holualoa
Honaunau-Napoopoo
Kaaawa
Kahului
Kailua
Kaneohe Base
Kapaa
Kaumakani
Kealakekua
Kihei
Kualapuu
Laupahoehoe
Lawai
Mountain View
Paia
Pearl City
Schofield Barracks
Urban Honolulu
Volcano
Waiahole-Waikane
Waimanalo
Waimea
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Methodology
The heat score ranks an area against every other area of the same kind (ZIP codes against ZIP codes, cities against cities, states against states) on five measures from Redfin’s Data Center: the share of homes sold above list price (35%), the average sale-to-list ratio (20%), median days on market (20%, fewer is hotter), months of supply (15%, fewer is hotter) and the share of listings with a price drop (10%, fewer is hotter). Each measure is a percentile rank, and the score is their weighted average, from 0 to 100.
Figures cover a trailing three-month window, weighted by sales, and are compared with the same three months a year earlier: a single month in a small ZIP code can be a handful of sales. An area needs at least 30 sales in the last 12 months, 10 in the window, and the three core measures to be scored. Redfin doesn’t publish months of supply or price drops for ZIP codes, so ZIP scores use the measures available. City figures come from Redfin’s own city series where it publishes one, and otherwise from a sales-weighted roll-up of the city’s ZIP codes. ZIP codes are assigned to cities using the Census Bureau’s 2020 ZIP-to-place, town and county relationships, and named with the Postal Service’s city names from HUD’s crosswalk.
BindingOffers, “How hot is the Hawaii housing market? (May 2026)”, using data provided by Redfin, a national real estate brokerage. https://bindingoffers.com/market-pulse/hi