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Oahu Real Estate Report

December 2021

Market Statistics

Oahu Prices continue to rise

The Oahu single-family home median price increased by 22 percent over last December to $1,060,000—a new record high—while the condo median price increased by 14 percent to $485,000. The median single-family home price was at or above $1M for six months of the year in 2021

Oahu Sales Activity mixed in December

Single-family home sales fell by 12 percent from a year ago, returning to a typical seasonal pattern following unusually high home sales in December 2020. Condo sales rose by 43 percent over the previous year.

Highly Competitive Market

Single-family homes were on the market for a median of 12 days in December—the same as a year ago—while condos were on the market for a median of 14 days—a decrease of 18 percent from December 2020. Low Days on Market is one indicator of strong demand.

SINGLE FAMILY HOMES This Month DECEMBER 2021 Last Month NOVEMBER 2021 Last Year DECEMBER 2020
Median Sale Price $1,060,000 $1,050,000 $870,000
Average Sale Price $1,312,973 $1,305,966 $1,107,006
Homes Sold 377 374 427
Median Days on Market 12 12 11
Bid Ups 60% 61% 46%
CONDOMINIUMS This Month DECEMBER 2021 Last Month NOVEMBER 2021 Last Year DECEMBER 2020
Median Sale Price $485,000 $500,000 $455,000
Average Sale Price $604,421 $559,841 $502,223
Condos Sold 589 603 518
Median Days on Market 14 10 21
Bid Ups 40% 42% 23%

MARKET REPORTS

2019 Market Insights Report: View Our 2019 Oahu Real Estate Market Forecast.

View our 2019 Oahu Real Estate Market Forecast