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Are Kakaʻako condo prices going up or down?
By Tony Kawaguchi, REALTOR (RS-66616), The Kawaguchi Group, eXp Realty (RB-21841). Selling in Hawaii since 2005. Updated November 13, 2026.
Roughly flat for the year, with a strong September. In the MLS neighborhood of Kakaʻako, condo resales from January through September 2026 had a median of $875,000 on 338 sales, down 2.8% from $900,000, according to the Honolulu Board of REALTORS. September alone was firmer: $844,950 on 52 sales, up 5.8% from a year earlier. The Board's broader Ala Moana–Kakaʻako tax-map area had a nine-month median of $799,500, up 5%. The bigger change is supply: 498 condos were for sale in that area at the end of September, up 18%. The Board's October area report was not out when I updated this page; island-wide, Oahu's October 2026 condo median was $499,000.
Two ways to measure Kakaʻako
The Board publishes Kakaʻako condo figures two ways, and they don't match. The MLS neighborhood counts buildings labeled Kakaʻako. The tax-map area (TMK 1-2-3) is larger and also takes in condos around Ala Moana. Both are below.
| Kakaʻako MLS neighborhood | Ala Moana–Kakaʻako TMK area (1-2-3) | |
|---|---|---|
| September 2026 sales | 52 (39 a year earlier) | 63 (43 a year earlier) |
| September 2026 median | $844,950 (up 5.8%) | $840,000 (up 34% from $629,000) |
| January–September sales | 338 (306 a year earlier) | 499 (432 a year earlier) |
| January–September median | $875,000 (down 2.8% from $900,000) | $799,500 (up 5% from $759,000) |
The TMK area's 34% September jump compares with a $629,000 median a year earlier on just 43 sales; the neighborhood figure rose a more modest 5.8%. Monthly medians in a mixed area swing with whichever units happen to close, so lean on the nine-month figures.
Inventory is the real story
| September 2026 | January–September 2026 | |
|---|---|---|
| New listings | 93 (123 a year earlier) | 983 (up 14% from 862) |
| Pending sales | 32 (37 a year earlier) | 482 (up 16% from 416) |
| Median days on market | 46 (47 a year earlier) | 56 (61 a year earlier) |
| Share of original list price received | 96.0% | 95.6% |
| Active listings, end of month | 498 (up 18% from 422) | — |
Sellers listed more units this year, and buyers signed more contracts too. But listings grew faster than sales, so the end-of-September count was the highest of any Honolulu area except Waikiki. The typical seller accepted a few percent below the original asking price.
Next door: Ala Moana and Kapiʻolani
For comparison, the Board's January–September 2026 neighborhood summary shows Ala Moana condos at a $440,000 median on 178 sales, up 13.4%, and Kapiʻolani condos at $499,000 on 65 sales. Their medians sit well below Kakaʻako's, so check which MLS neighborhood a building is in before you compare prices.
New towers are not in these numbers
Board statistics are resales. First closings in new Ward Village and other Kakaʻako towers are not counted, though resales in those buildings are. If you're comparing a new-tower price with these medians, compare with resales in similar, recent buildings. See my Ward Village new condos guide and the Kakaʻako guide.
Thinking about buying in Kakaʻako?
You have more leverage than buyers did a year ago. With 498 active listings in the TMK area and a 56-day nine-month median on market, you can take time to compare towers, floor plans and monthly association fees. Units sold at a median 95.6% of their original list price, so a reasonable offer below asking is normal here. Review each building's reserves, rental rules and any special assessments.
Thinking about selling in Kakaʻako?
Your real competition is the units for sale in your own tower and the ones across the street. Price from recent resales of the same stack or floor plan, present the unit well, and expect a longer timeline than a house: the September median was 46 days. If a similar unit in your building is listed, think about how yours compares before you set a number. For a pricing review, call (808) 201-3577.
More condo data: the Honolulu condo report compares every Honolulu area. All home types: Honolulu and Manoa. Outside town: Aiea and Mililani. Every report: market report hub and the Oahu market report.
Kakaʻako condo market FAQ
What is the median condo price in Kakaako?
The Kakaʻako MLS neighborhood had a January–September 2026 condo median of $875,000 on 338 resales, down 2.8% from $900,000, according to the Honolulu Board of REALTORS. The September 2026 median was $844,950 on 52 sales.
Are Kakaako condo prices dropping?
Not by much. The nine-month neighborhood median was down 2.8%, while the September median was up 5.8%. The wider Ala Moana–Kakaʻako tax-map area's nine-month median rose 5% to $799,500.
How many condos are for sale in Kakaako?
At the end of September 2026, the Board counted 498 active condo listings in the Ala Moana–Kakaʻako area, up 18% from 422 a year earlier.
How long does it take to sell a Kakaako condo?
Ala Moana–Kakaʻako condos sold in a median of 56 days from January through September 2026, down from 61, and in a median of 46 days in September.
Do Kakaako condos sell below asking price?
Usually a little. The median share of original list price received in the Ala Moana–Kakaʻako area was 95.6% from January through September 2026, and 96.0% in September.
Why is the Ala Moana–Kakaako median different from the Kakaako median?
The Board's tax-map area (TMK 1-2-3) includes Ala Moana buildings as well as Kakaʻako. Ala Moana condos had a $440,000 nine-month median, which pulls the area median down to $799,500, compared with $875,000 for the Kakaʻako neighborhood alone.
Are new Ward Village sales included?
No. Board figures count resales only, so first closings in new towers are not included. Resales in Ward Village buildings are counted, and the live listings on this page can include new units listed in the MLS.
Sources
- Honolulu Board of REALTORS, Oahu Local Market Update, September 2026 (dated October 15, 2026), residential resales compiled from HiCentral MLS. This is the Board's most recent area-level report; the October 2026 edition had not been released when this page was updated. Board market reports are indexed at hicentral.com/market-press-releases.php.
- Honolulu Board of REALTORS, Oʻahu Buyers Find Opportunity in October as Half of Condos Sell Under $500,000, November 6, 2026 (Oahu-wide October 2026 resales, compiled from HiCentral MLS; does not include new-home sales).
Tony Kawaguchi, REALTOR (RS-66616), The Kawaguchi Group, eXp Realty (RB-21841). Selling in Hawaii since 2005. Phone (808) 201-3577. This page is general information, not personalized financial, tax or legal advice; consult the appropriate licensed professional for your situation. Market statistics are deemed reliable but not guaranteed and can be revised as late sales are reported.