Is Papaikou, HI 96781 a buyer’s or seller’s market?
Papaikou is a buyer’s market. With about 8 months of supply, buyers usually have more time and more room to negotiate on price and terms.
The Papaikou housing market right now
In the three months ending August 31, 2026, 50% of homes in Papaikou, HI 96781 sold above their list price, the typical home went under contract in 157 days and there were 8 months of supply. More than six months of supply favors buyers, who usually have more time and more room to negotiate. With only 2 sales, these figures can swing a lot from month to month.
Compared with the same period a year earlier, the share selling over asking rose from 0%, homes sold more slowly (123 days then) and the median sale price rose 2% to $667,211. Overall, Papaikou is more competitive than a year ago, so tougher for buyers.
Within Hawaii County, homes here sell more slowly than in 77% of the county’s ZIP codes, and sell more often over asking than in 95%.
Nearby, buyers who want less competition could look at Volcano 96785 (0% sold over asking) or Papaaloa 96780 (0% sold over asking), while Laupahoehoe 96764 (100% sold over asking) is even more competitive.
Run the numbers for 96781
Nearby markets
Captain Cook 96704Buyer’s market $294 /sq ftHakalau 96710Seller’s market $284 /sq ftHawi 96719 — /sq ftHilo 96720Balanced $403 /sq ft Browse all markets →Towns like Papaikou nearby
Find towns like Papaikou in other states →Where Papaikou is
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Questions about Papaikou real estate
Is Papaikou a buyer’s or seller’s market?
A buyer’s market: there were 8 months of supply in Papaikou, HI 96781 in the three months ending August 31, 2026. Under four months usually favors sellers, and more than six favors buyers.
How fast do homes sell in Papaikou?
The typical home went under contract in 157 days in the latest three months.
Do homes in Papaikou sell over asking?
50% of homes sold above their original list price, and the typical sale closed at 95.4% of the list price.
What are property taxes in Papaikou?
About 0.28% of a home’s value a year in Hawaii County, or roughly $1,120 on a $400,000 home.
What is the median home price in Papaikou?
The median sale price was $667,211 in the three months ending August 31, 2026, about $746 per square foot.
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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology