HONOLULU (KHON2) — A single-family home may now cost you close to $1 million on Oahu.
According to Real Estate Firm “Locations,” the median price for a single-family home in July jumped 23% reaching $1 million and surpassing the record high median set in May and June. Sales of these types of homes were also up 10% from 2020.
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For condos, the median price rose by 6% with sales increasing by 56%.
An average of 66% of single family homes and 37% of condos sold at above asking price.
CORRECTION: A previous version of this story used inaccurate terminology to describe the cost of single-family homes on Oahu. The story has been updated.