Menu
Hawaii’s Best Real Estate Resource
×
×

Oahu Real Estate Report

August 2017

Market Statistics

Number of Sales Hitting Records

In August, both single-family home and condo sales hit their highest point in more than 10 years on Oahu. This is even more remarkable because the pace of sales is currently constrained by limited available inventory.

Prices Rising

The Oahu median home price hit $786,000 in August, the second-highest median price on record. The all-time high of $795,000 was reached in June 2017, just two months ago. Prices will likely continue to rise in 2017.

Home Prices Up in Almost Every Market

Competitive demand is increasing in the more affordable areas in and around urban Honolulu.

SINGLE FAMILY HOMES THIS MONTHAUGUST 2017 LAST MONTHJULY 2017 LAST YEARAUGUST 2016
Median Sale Price $786,000 $748,000 $748,000
Average Sale Price $923,000 $883,000 $917,000
Homes Sold 385 343 358
Median Days on Market 18 21 17
Bid Ups 30% 30% 37%
CONDOMINIUMS THIS MONTHAUGUST 2017 LAST MONTHJULY 2017 LAST YEARAUGUST 2016
Median Sale Price $415,000 $425,000 $402,000
Average Sale Price $485,000 $479,000 $454,000
Condos Sold 580 486 500
Median Days on Market 18 16 17
Bid Ups 25% 25% 27%
MARKET REPORTS

We're up-to-date with Hawaii's Real Estate Market. We want you to be, too.

View our Interactive Market Report