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Oahu Real Estate Report

December 2016

Market Statistics

Oahu median prices are showing steady increases from last year, up 5% for homes and 12% for condos.

The Oahu real estate market shows increasingly competitive conditions, with prices rising, sales increasing, and days on market dropping.

In 2016 Q3, one in every 3 homes and one in every 4 condos sold on Oahu were bid-up over asking price.

 
SINGLE FAMILY HOMES This Month DECEMBER 2016 Last Month NOVEMBER 2016 Last Year DECEMBER 2015
Median Sale Price $731,000 $750,000 $700,000
Average Sale Price $937,000 $880,000 $871,000
Homes Sold 352 298 311
Median Days on Market 19 18 22
Bid Ups 33% 29% 22%
CONDOMINIUMS This Month DECEMBER 2016 Last Month NOVEMBER 2016 Last Year DECEMBER 2015
Median Sale Price $392,000 $397,000 $386,000
Average Sale Price $448,000 $447,000 $434,000
Homes Sold 533 434 434
Median Days on Market 20 18 25
Bid Ups 22% 24% 18%

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