Urban Honolulu, HI
House prices for this metro area, real and nominal, since FHFA's series begins.
FHFA all-transactions · 1977 Q1 to 2026 Q2 · real terms in 2024 dollars · built 2026-10-31
All metro areas · this area is honolulu on the rankings
The index
Real and nominal, first quarter of the series = 100; the shaded band is 2007 to 2012.
How this is measured
Real terms deflate each quarter by that year's US CPI, stated in 2024 dollars; the CPI runs to 2024, so later quarters sit at 2024 prices until the next print. All-transactions includes refinance appraisals as well as sales; FHFA publishes purchase-only for the 100 largest metro areas only, and this is not one of them.
One year
One year real +11.1%
nominal +11.1%
Five years
Five years real +19.7%
nominal +38.6%
Ten years
Ten years real +23.9%
nominal +62.0%
Twenty-five years
Twenty-five years real +122.8%
nominal +294.7%
Since 2000
Since 2000 real +130.2%
nominal +319.3%
2007 to 2012
crash, real −17.5%
2007Q4 to 2012Q1
Year by year
Fourth quarter of each year, nominal and real, newest first.
| Quarter | Nominal | Real (2024 $) | Real, year on year |
|---|---|---|---|
| 2026 Q2 | 365.4 | 365.4 | real year on year +7.9% |
| 2025 Q4 | 338.7 | 338.7 | real year on year +0.6% |
| 2024 Q4 | 336.8 | 336.8 | real year on year +1.4% |
| 2023 Q4 | 322.7 | 332.2 | real year on year −1.5% |
| 2022 Q4 | 314.6 | 337.2 | real year on year +1.8% |
| 2021 Q4 | 286.2 | 331.3 | real year on year +9.2% |
| 2020 Q4 | 250.4 | 303.5 | real year on year −0.7% |
| 2019 Q4 | 249.1 | 305.6 | real year on year +1.1% |
| 2018 Q4 | 242.1 | 302.4 | real year on year −1.1% |
| 2017 Q4 | 238.9 | 305.8 | real year on year +1.0% |
| 2016 Q4 | 231.7 | 302.8 | real year on year +5.4% |
| 2015 Q4 | 217.0 | 287.2 | real year on year +4.9% |
| 2014 Q4 | 206.6 | 273.8 | real year on year +4.1% |
| 2013 Q4 | 195.3 | 263.0 | real year on year +5.6% |
| 2012 Q4 | 182.2 | 249.0 | real year on year +0.9% |
| 2011 Q4 | 176.9 | 246.7 | real year on year −2.7% |
| 2010 Q4 | 176.3 | 253.6 | real year on year +0.1% |
| 2009 Q4 | 173.3 | 253.4 | real year on year −5.3% |
| 2008 Q4 | 183.7 | 267.6 | real year on year −9.0% |
| 2007 Q4 | 194.5 | 294.2 | real year on year +0.5% |
| 2006 Q4 | 188.1 | 292.6 | real year on year +2.9% |
| 2005 Q4 | 177.1 | 284.4 | real year on year +19.8% |
| 2004 Q4 | 143.0 | 237.5 | real year on year +20.0% |
| 2003 Q4 | 116.0 | 197.9 | real year on year +10.2% |
| 2002 Q4 | 103.0 | 179.6 | real year on year +6.4% |
| 2001 Q4 | 95.3 | 168.8 | real year on year +4.0% |
| 2000 Q4 | 89.1 | 162.3 | real year on year +0.9% |
| 1999 Q4 | 85.4 | 160.9 | real year on year −4.0% |
| 1998 Q4 | 87.1 | 167.7 | real year on year −2.3% |
| 1997 Q4 | 87.9 | 171.7 | real year on year −7.0% |
| 1996 Q4 | 92.3 | 184.6 | real year on year −12.0% |
| 1995 Q4 | 101.9 | 209.8 | real year on year −1.6% |
| 1994 Q4 | 100.8 | 213.2 | real year on year −3.7% |
| 1993 Q4 | 102.0 | 221.4 | real year on year −2.2% |
| 1992 Q4 | 101.3 | 226.5 | real year on year −2.6% |
| 1991 Q4 | 101.0 | 232.5 | real year on year −0.4% |
| 1990 Q4 | 97.3 | 233.6 | real year on year +19.0% |
| 1989 Q4 | 77.6 | 196.3 | real year on year +18.6% |
| 1988 Q4 | 62.4 | 165.6 | real year on year +17.5% |
| 1987 Q4 | 51.0 | 140.8 | real year on year +5.8% |
| 1986 Q4 | 46.5 | 133.1 | real year on year +3.6% |
| 1985 Q4 | 44.1 | 128.5 | real year on year +3.7% |
| 1984 Q4 | 41.0 | 123.9 | real year on year −1.1% |
| 1983 Q4 | 39.8 | 125.3 | real year on year +18.2% |
| 1982 Q4 | 32.6 | 106.0 | real year on year +64.6% |
| 1981 Q4 | 18.7 | 64.4 | real year on year −57.8% |
| 1980 Q4 | 40.1 | 152.7 | real year on year +2.6% |
| 1979 Q4 | 34.4 | 148.9 | real year on year +12.2% |
| 1978 Q4 | 27.6 | 132.6 | real year on year +10.9% |
| 1977 Q4 | 23.1 | 119.6 | — |
2026 Q2365 · real 365real year on year +7.9%
2025 Q4339 · real 339real year on year +0.6%
2024 Q4337 · real 337real year on year +1.4%
2023 Q4323 · real 332real year on year −1.5%
2022 Q4315 · real 337real year on year +1.8%
2021 Q4286 · real 331real year on year +9.2%
2020 Q4250 · real 303real year on year −0.7%
2019 Q4249 · real 306real year on year +1.1%
2018 Q4242 · real 302real year on year −1.1%
2017 Q4239 · real 306real year on year +1.0%
2016 Q4232 · real 303real year on year +5.4%
2015 Q4217 · real 287real year on year +4.9%
Source
FHFA House Price Index, all-transactions, quarterly, not seasonally adjusted, CBSA 46520. Real terms by the World Bank's US consumer price index, annual.