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Oahu Quarterly Real Estate Report

Q3 2018

Market Statistics

Prices Rising

Oahu prices rose again in 2018 Q3, with the median home price up 5.8% to $809,500 and the median condo price up 0.9% to $429,000.

Sales Lower in Q3

Oahu sales activity eased in Q3 2018. Oahu home sales were down 7.1% from Q3 last year; condo sales were down 3.4% from last year.

Competitive Oahu Market

The Oahu market is very competitive, with low days on market and homes and condos bid-up over asking price.

SINGLE FAMILY HOMES This Quarter 2018 Q3 Last QUARTEr 2018 Q2 Last YEAr 2017 Q3
Median Sale Price $809,500 $782,388 $765,000
Average Sale Price $1,011,902 $992,239 $919,601
Homes Sold 1,028 1,019 1,107
Median Days on Market 16 17 18
Bid Ups 27% 27% 30%
CONDOMINIUMS This Quarter 2018 Q3 Last QUARTEr 2018 Q2 Last YEAr 2017 Q3
Median Sale Price $429,000 $428,000 $425,000
Average Sale Price $512,233 $527,379 $494,177
Condos Sold 1,555 1,617 1,609
Median Days on Market 20 19 17
Bid Ups 17% 21% 25%

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