10/09/2026
Oahu real estate stats for September:
O'ahu Third-Quarter Single-Family Home Sales Rise as Condo Sales Decline
Single-family home median price declines 3.9% year-over-year as 39% of September sales close below $1 million
O'ahu's housing market closed out the third quarter with continued growth in single-family home sales, while condo activity remained below last year's pace. September single-family home sales rose 6.2% year over year, contributing to a 9.3% increase for the third quarter and a 5.9% gain year to date, while condo sales declined 8.1% in September, 2.7% for the quarter, and 2.4% year to date.
In September, 39% of single-family home sales were below $1 million and 47% of condo sales were below $500,000. Across both markets, 188 properties priced at $500,000 and below sold during the month, and 1,222 active listings in that price range remained at month-end.
Highlights from our September Monthly Statistics Report:
Median sales prices were mixed in September, with the single-family home median declining 3.9% year-over-year to $1,110,000, while the condo median increased 2.8% to $523,000.
Single-family homes moved faster than a year ago, spending a median of 16 days on market compared to 26 days last September, while condos spent a median of 41 days on market compared to 40 days.
The share of properties closing above the original asking price increased in both markets, rising from 25% to 31% for single-family homes and from 8% to 12% for condos.
Active inventory remained unchanged for single-family homes and increased for condos, with 798 single-family home listings, the same as a year ago, and 2,509 condo listings, up 7.8%. Across both markets, 1,222 active listings were priced at $500,000 and below.
"Recent upward pressure on mortgage rates is adding another consideration for buyers as they evaluate what works within their monthly budgets. We're seeing relatively steady buyer and seller activity in the single-family home market, even as conditions vary across neighborhoods. In the condo market, the pullback in pending sales across price points and most regions suggests buyers are taking more time to weigh borrowing costs and their options," said Aaron Tangonan, president of the Honolulu Board of REALTORS®.