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Why Live in Palolo
Honolulu’s Palolo sits just across the Lunalilo Freeway and less 2 two miles from Waikiki and Diamond Head. The area is characterized by its diverse landscape, stretching from the lush, forested foothills of the Ko’olau Mountains to the bustling southern end near Waialae Avenue. The northern part of Palolo is has a serene environment featuring ancient island streams, plant nurseries and the Mu-Ryang-Sa Temple, the largest Korean Buddhist temple outside of Korea. Once an airstrip and quarry, the southern end now hosts a community of densely situated homes and a variety of trendy eateries and retailers along Waialae Avenue. Dining options include The Curb Kaimuki, Cowcow’s Tea and The Cutlery, a unique steakhouse and barbershop. For daily needs, residents can access Times Supermarket and Long’s Drugs in Kaimuki Shopping Center. Palolo Valley District Park offers recreational facilities like a pool, playground and sports courts and hosts the People’s Open Market on Wednesday mornings. The neighborhood is home to a mix of one-story cottages and larger multi-story homes, many in the Hawaiian Plantation style. Palolo is accessible via the H-1 freeway and The Bus transit system, with Bus 9 Palolo Valley serving the area.
Home Trends in Palolo, HI
On average, homes in Palolo, Honolulu sell after 66 days on the market compared to the national average of 53 days. The median sale price for homes in Palolo, Honolulu over the last 12 months is $1,000,000, down 6% from the median home sale price over the previous 12 months.
Housing Trends
Median Sale Price
$1,000,000
Median Single Family Sale Price
$1,037,500
Median Townhouse Sale Price
$1,435,000
Average Price Per Sq Ft
$763
Number of Homes for Sale
8
Last 12 months Home Sales
49
Months of Supply
2.00
Median List Price
$1,049,000
Median Change From 1st List Price
1%
Median Home Sale Price YoY Change
-6%