Market Intelligence Report — HI-180

Kapaa, HI

Monthly housing intelligence, market trends, and trusted local expertise.

Ref. No: 2026-HI-08
As of the latest 2026 data
Very Weak

Median Listing

$1.55M
+12.3% YoY

Pending Ratio

0.16
-7.4% YoY

Active Inventory

414
+15.0% YoY

Median DOM

103 Days
-4.2% YoY

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The Kapaa, HI market is categorized as Very Weak, reflecting a pending ratio of 0.16 which indicates that demand absorption is significantly lagging behind supply. This metric is well below the threshold for more active market conditions, underscoring pronounced demand-side challenges.

Local Market Signals

Source: FRED (St. Louis Fed)

Local economic trends can influence how quickly homes sell and how much competition sellers may face.

Local economic indicators are not yet available for this metro. Check back soon.
Market Analysis

What's moving the Kapaa market right now.

Active listings have expanded by 15.0% over the past year, while new listings have contracted by 15.0% during the same period. The median listing price has increased by 12.3% year-over-year, despite a substantial decline in the pending ratio by 7.4% year-over-year. Median days on market saw a slight reduction of 4.2% over the past year, while the share of price-reduced listings rose by 0.7% year-over-year.

Historical Analysis

Market Trends

Median Price

$1.55M+0.0% MoM

Active Inventory

414+15.0% YoY

Days on Market

103-4.2% YoY

Sold Score™

21-7.4% YoY

Sold Score™ Over Time

Market liquidity index • 36 months

21
Sep 23Aug 26

Price & Days on Market

Median listing vs market velocity

Price DOM
Sep 23Aug 26

Inventory Dynamics

Total active listings vs new monthly supply

Active New listings
Sep 23Apr 24Nov 24Jun 25Jan 26Aug 26

Sourced from Realtor.com RDC Inventory Core Metrics, supplemented by the Primpted research desk. Updated As of the latest 2026 data.

Market Signals & Indicators

Negotiating Leverage

With a pending ratio of 0.16, the current market dynamic places considerable pressure on sellers to exercise price discipline and offers significant leverage to prospective buyers. The low rate of pending sales relative to active inventory suggests a longer absorption period and less urgency for transactional pace. Sustained inventory levels without commensurate demand indicate a protracted sales process.

Luxury Segment

The average listing price increased by 18.5% year-over-year, significantly outpacing the 12.3% year-over-year growth in the median listing price, and the 4.7% year-over-year increase in median $/sqft. This suggests a potential softness or pricing adjustments within the higher-priced segments, as average prices are inflating more rapidly than median metrics and price per square foot.

Supply Dynamics

414 active listings represent the current floor, with new supply arriving at roughly 68 per month.

Pricing Pressure
15.2%

of active listings carry a price reduction, +0.7% from prior period.

$/Sq Ft
$1K

Median price per square foot has moved +4.7% year-over-year.

Absorption
0.16

Pending-to-active ratio — Very Weak.

Recommended For This Market

Very Weak

Selling in Kapaa, HI? Homes here are taking 5 days less to sell than last year.

Buyers have leverage in Kapaa, HI. Homes that sell are the ones priced and presented for today's conditions, not last year's.

Buyer Demand Index
16%
Median Days on Market
103 days
Inventory YoY
+15%

In a buyer's market, strategy beats timing. See how your home scores in Kapaa, HI and what moves the number.

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Metro Demographics

Metro Area
Kapaa, HI
CBSA Code
28180
State
HI

ZIPs in Kapaa, HI

Sorted by active inventory · click a ZIP for its full report

Analysis FAQ
  • What is the current market condition in Kapaa?+

    As of the latest 2026 data, the Kapaa metro is classified as Very Weak. Pending ratio is 0.16 with median days on market at 103.

  • Are home prices dropping in Kapaa?+

    Median listing price is $1.55M, +12.3% year over year. 15.2% of active listings carry a price reduction.

  • How fast are homes selling in Kapaa?+

    The typical listing sits 103 days on market, a -4.2% change YoY. New listings are arriving at 68 per month.

  • What's happening in the Kapaa luxury market?+

    The average listing price increased by 18.5% year-over-year, significantly outpacing the 12.3% year-over-year growth in the median listing price, and the 4.7% year-over-year increase in median $/sqft. This suggests a potential softness or pricing adjustments within the higher-priced segments, as average prices are inflating more rapidly than median metrics and price per square foot.

  • Where can I find a trusted Kapaa real estate expert?+

    Primpted maintains a vetted registry of Kapaa agents with verified credentials, Google reviews, and neighborhood specialization. See the Featured Experts section above.

Data & Methodology

Primary data sourced via Realtor.com's RDC Inventory Core Metrics (CBSA-level), supplemented by editorial analysis and the Primpted local expert registry. Historical trends calculated on a rolling 12-month basis. Past direction is not a forecast.

As of the latest 2026 data · CBSA 28180 · 36mo history