Hilo, HI metro area Housing Market
Cold MarketComprehensive housing market data for the Hilo, HI metro area metro area. Track home prices, inventory, days on market, and competition — updated monthly for real estate investors.
Data period: March 2026
Median Sale Price
$649K
↑ 6.0% YoY
Days on Market
117 days
↓ 7.1% YoY
Active Inventory
1,230
↓ 0.5% YoY
Homes Sold
212
↓ 1.9% YoY
Cold Market
Inventory is high and homes are sitting longer — a buyer's market.
Hilo, HI metro area Market Summary
The Hilo, HI metro area housing market is cooling down. As of March 2026, the median home sale price is $649K, up 6.0% year-over-year. Homes are spending a median of 117 days on the market, 7.1% shorter than a year ago.
There are 1,230 homes for sale — 0.5% fewer than last year. With 5.8 months of supply, this is a balanced market. 228 new listings were added during this period, down 22.7% year-over-year.
Homes are selling for 96.9% of their list price on average, suggesting room for negotiation. 15.1% of homes sell above their asking price. 23.5% of listings have had a price drop.
Market Opportunity Score
Based on current market conditions
81
Contributing Factors
How This Market Compares
vs. National Median
vs. Hawaii Median
Investor Takeaway
The cooling market may present buying opportunities with less competition and more negotiating leverage. High inventory relative to sales pace means buyers have options and sellers may be flexible on price. A significant share of sellers are cutting prices, which can signal motivated sellers and potential deals. Prices are 49% above the national median. Focus on rent-to-price ratios to ensure deals still cash flow.
Hilo, HI metro area Market Trends
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Detailed Market Metrics
Median List Price
$565K
Price per Sq Ft
$511
Sale-to-List Ratio
96.9%
Months of Supply
5.8
Sold Above List
15.1%
Price Drops
23.5%
New Listings
228
↓ 22.7% YoY
Pending Sales
222
Off Market in 2 Weeks
14.4%
Other Markets in Hawaii
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Try It FreeHousing market data provided by Redfin, a national real estate brokerage. Not financial advice. Always consult a qualified professional before making investment decisions.