Is Hilo, HI 96720 a buyer’s or seller’s market?

The Hilo housing market right now

In the three months ending August 31, 2026, 15% of homes in Hilo, HI 96720 sold above their list price, the typical home went under contract in 97 days and there were 4.9 months of supply. Four to six months of supply is a balanced market, where pricing and condition decide how much room there is to negotiate. That’s based on 80 home sales.

Compared with the same period a year earlier, the share selling over asking fell from 21%, homes sold more slowly (72 days then) and the median sale price rose 2% to $559,708. Overall, Hilo is less competitive than a year ago, which gives buyers more room.

Within Hawaii County, homes here sell faster than in 77% of the county’s ZIP codes, and sell more often over asking than in 77%. On our competition score, Hilo ranks #22 of 40 HI ZIP codes with enough sales (score 20 out of 100).

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) and Papaikou 96781 (50% sold over asking) are even more competitive.