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How's the Oahu real estate market right now?
By Tony Kawaguchi, REALTOR (RS-66616), The Kawaguchi Group, eXp Realty (RB-21841). Selling in Hawaii since 2005. Updated November 10, 2026.
Oahu's housing market in October 2026 was really two markets. The Honolulu Board of REALTORS, using HiCentral MLS resales, reported a single-family median of $1,150,000 on 239 sales, down 1.1% from a year earlier, with homes selling in a median of just 15 days. The condo median fell 6.7% to $499,000 on 339 sales — and half of those condo sales, 171 units, closed under $500,000. Sales were slower than a year ago in both categories, and active inventory ended the month higher: 805 single-family listings and 2,506 condo listings.
The charts and listing tables on this page update from the MLS. The figures in this write-up are October 2026 resales, released by the Honolulu Board of REALTORS on November 6, 2026. They do not include new-home sales. For neighborhood-level context, see my Oahu real estate market guide and Honolulu statistics page.
| Single-family | Condos | |
|---|---|---|
| Closed sales | 239 (down 8.4% year over year) | 339 (down 23.5%) |
| Median sales price | $1,150,000 (down 1.1%) | $499,000 (down 6.7%) |
| Median days on market | 15 (26 a year earlier) | 49 (44 a year earlier) |
| Pending sales | 218 (down 16.2%) | 313 (down 3.1%) |
| Active listings | 805 (up 3.9%) | 2,506 (up 7.0%) |
| Share closing above original ask | 1 in 3 | 11% |
| Year-to-date median | $1,180,000 (up 2.6%) | $510,000 (unchanged) |
The condo side cooled more than the house side
That is the detail I keep coming back to with clients. Single-family sales were down 8.4% in October, but homes still moved quickly, and sellers more often received offers above the original asking price than they did a year earlier (one in three, versus one in four). Condo sales fell 23.5%, days on market stretched to 49, and the median dropped below $500,000. Year to date, single-family sales were still 4.3% ahead of 2025, while condo sales trailed by 4.9%.
At the end of October, 49% of active condo listings (1,218 units) were priced under $500,000, and 28% of active single-family listings (224 homes) were priced below $1 million. If you are shopping in those bands, there is more to look at than there was a year ago — but "more listings" is not the same as "every building is a bargain." I still read the budget, reserves, and insurance for a condo before anyone gets attached to a unit.
Aaron Tangonan, president of the Honolulu Board of REALTORS, pointed to higher mortgage rates than a year ago as added pressure on buyers' budgets, showing up in slower sales and fewer contracts. That matches what I am seeing on the ground: qualified buyers are still writing offers on well-priced houses, and they are taking longer on condos.
What it means for buyers
If you are looking at condos, October's $499,000 median and the 171 sales under $500,000 are a real opening to compare buildings, fees, and condition — not a reason to skip due diligence. If you are looking at single-family homes, 15 days on market and a one-in-three chance of a sale over the original ask means a clean, correctly priced house can still move fast. For eligible first-time buyers, the Hawaii Housing Finance and Development Corporation's Hale Kamaʻāina Mortgage Program offers below-market rates; the Board reported 69 closed loans as of September 30, 2026. That is a loan program with eligibility rules, not a gift. Browse current inventory on my Oahu homes for sale page, or jump to the Honolulu condo market page once it is live.
What it means for sellers
House sellers still have more leverage than condo sellers, but October sales and pending contracts were both down, and inventory was up slightly. A list price that would have worked a year ago may now sit. Condo sellers should expect a longer clock — 49 days at the median — and buyers who will compare your unit with many others under $500,000. I price from recent sales in the same neighborhood or building, not from the island-wide median alone.
Related market pages, as they go live: Hawaii statewide, Honolulu, and Kailua. Call me at (808) 201-3577.
Oahu housing market FAQ
How is the Oahu real estate market right now?
In October 2026, single-family homes sold at a median of $1,150,000 in 15 days, while condos sold at a median of $499,000 in 49 days, according to the Honolulu Board of REALTORS. Sales were down in both categories from a year earlier, and inventory was up. Houses still often drew competing offers; condos took longer and half of the sales were under $500,000.
What is the median home price on Oahu?
The October 2026 median was $1,150,000 for single-family homes, down 1.1% from October 2025, and $499,000 for condos, down 6.7%, per the Honolulu Board of REALTORS. Year to date, the single-family median was $1,180,000, up 2.6%, and the condo median was $510,000, unchanged.
Why did the Oahu condo median fall below $500,000?
The Board reported a 6.7% year-over-year drop in the condo median, to $499,000, on 339 sales — 23.5% fewer than a year earlier. Half of those sales, 171 units, closed under $500,000. Higher rates and more condo inventory (2,506 active listings, up 7.0%) both give buyers more room to compare, which shows up in a lower median and longer days on market.
How long do homes stay on the market on Oahu?
In October 2026, the median was 15 days for single-family homes, down from 26 days a year earlier, and 49 days for condos, up from 44 days, according to the Honolulu Board of REALTORS. Those are medians for the whole island. A house in a tight neighborhood, or a condo in a building with several competing units, can look very different.
Is it a good time to sell a house or a condo on Oahu?
It depends on the property and the price. Single-family sellers in October still saw one in three sales close above the original asking price, and homes sold in a median of 15 days. Condo sellers had a slower market: more inventory, a lower median, and 49 days on market. I would still list a well-prepared property, but I would set the price from current comps, not from last year's sale.
How many homes are for sale on Oahu?
At the end of October 2026, the Board counted 805 active single-family listings, up 3.9% from a year earlier, and 2,506 active condo listings, up 7.0%. Of those, 224 single-family homes were priced below $1 million, and 1,218 condos were priced under $500,000. The live listings on this page will be more current than a month-end snapshot.
What is the Hale Kamaʻāina program?
It is a Hawaii Housing Finance and Development Corporation mortgage program that offers below-market rates to eligible first-time buyers. The Honolulu Board of REALTORS reported 69 closed loans as of September 30, 2026, with 85 approved and about $38 million in financing reserved, and said an additional $53.8 million had recently been made available. Eligibility and funds can change, so check with a lender and with HHFDC rather than assuming you qualify.
Where can I see current Oahu listings?
The charts and tables on this page show live MLS data for Oahu. I also keep an Oahu homes for sale page and a broader Oahu market guide. If you want help narrowing a search, call (808) 201-3577.
Sources
- Honolulu Board of REALTORS, Oʻahu Buyers Find Opportunity in October as Half of Condos Sell Under $500,000, November 6, 2026. Resale figures compiled from HiCentral MLS. The report does not include new-home sales.
- Honolulu Board of REALTORS market reports are also collected at hicentral.com/market-press-releases.php.
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.