08/06/2026
July O’ahu real estate market report:
O'ahu Single-Family Home Sales Jump 20.5% as Median Price Rises
Sales above $1.3 million nearly doubled year-over-year, while one in three homes sold still closed under $1 million
More than 1,200 O'ahu properties priced at $500,000 and below have sold during the first seven months of 2026, with buyers closing on 211 properties in that price range in July to bring the year-to-date total to 1,214 sales. At month's end, 1,237 active listings remained available in that price range. Through the first seven months of the year, 34% of all single-family home sales closed below $1 million, while 47% of condo sales closed below $500,000.
Highlights from our July Monthly Statistics Report:
Single-family home sales rose 20.5% year-over-year in July and remained up 6.5% year-to-date, while condo sales grew 6.9% year-over-year in July, despite year-to-date condo sales still trailing 2025’s pace by 0.8%.
The single-family home median sales price rose 13.9% year-over-year to $1,224,500, driven in part by a 76.9% increase in sales between $1,300,000 and $1,999,999 (from 52 to 92 transactions) and an 83.3% jump in sales at $2,000,000 and above (from 24 to 44 transactions). The condo median sales price rose 3% to $504,500.
Buyer demand remained strong for single-family homes, with a median of just 14 days on market compared to 20 days a year ago, while condo median days on market fell to 38 days from 50.
The share of single-family homes selling above asking price rose from 26% to 33%, with sellers receiving a median of 100% of their original asking price. Condo sellers received a median of 96.6% of the asking price, with 11% of sales closing above asking, up from 8% a year ago.
The average 30-year fixed mortgage rate remained below last year’s level but rose nearly a quarter point over the month, averaging 6.66% as of July 30 (Freddie Mac PMMS).
