What Happened in the Oahu Real Estate Market in August 2025?
The Oahu real estate market is stable, with sales following typical seasonal trends. Single-family home prices have come down slightly in 2025, while condo prices have been flat. Demand is steady, with homes entering escrow in a median of about three weeks and condos in a median of about 6 weeks, and one in three home sales and one in eight condo sales bid up over the asking price. For-sale inventory for homes is decreasing slightly, while the number of resale condos for sale has been declining steadily from a May peak.
Mortgage interest rates edged lower in August, falling to around 6.5%, and are likely to be supported by expected bank rate cuts by the Federal Reserve over the next 12 months.
“Demand for Oahu preowned condos was softer in August 2025, with longer market times and the lowest competitive pressures since 2020,” said Chief Sales Officer for Locations Chad Takesue. “However, condo sales and prices are steady, and for-sale inventory has been falling since May. As the supply of resale condos slips and the potential for buyer demand increases, competitive pressures may return to the condo market as we head into 2026.”
Available inventory remains relatively low in both the single-family home and condo markets, presenting an additional challenge for homebuyers. Nearly half of all resale condos for sale are in the Waikiki and Ala Moana-Kakaako markets, with 471 and 625 units, respectively. In these and other urban markets, condo inventory is falling. Outside of town, condo inventory is low. The Ewa and Pearl City-Aiea markets are standouts, with increased inventory and relatively lower prices—presenting opportunities for homebuyers.
Single-family home for-sale inventory is low in town with the exception of the Nuuanu-Makiki market, with 60 homes for sale but at prices well above the median. Most West Oahu home markets are also low in inventory. However, two of the most affordable home markets—Ewa and Leeward— have more than 100 homes for sale each.
Key Takeaways from the August 2025 Locations Oahu Real Estate Report
New to real estate market data terms? See our glossary.
- In August 2025, the Oahu single-family home median home price of $1,110,000 was up three percent from July 2025 and down one percent from the previous August. The median condo price of $518,750 was up six percent from last month and up four percent from last year.
- Single-family home sales were up two percent from a year ago, while condo sales were down by three percent. Closed sales are largely following seasonal trends, with steady home sales and softer condo sales.
- There were 845 single-family homes and 2,482 condos listed for sale at the end of August 2025. Home inventory took an unusual drop in August, while condo inventory has been gradually declining—down seven percent from a peak in May.
- At the end of August 2025, Months of Remaining Inventory (MRI) for homes was flat at 3.7 months and decreasing slightly for condos at 6.8 months. Condo inventory is 30 percent higher than a year ago but has reversed direction and has been declining steadily for the past three months. The median Days on Market (DOM) in August 2025 was 21 days for homes and 48 days for condos. With more for-sale inventory available and softer demand, condos have been on the market longer in the past 12 months.
- Competitive pressures are increasing for homes and easing for condos. In August 2025, 34.4 percent of homes sold and 12.1 percent of condos sold were bid up over asking price—more than one in every three homes and about one in every eight condos. Bid-ups reached a three-year high for homes and a five-year low for condos in August 2025.
What Happened in Oahu Single-Family Home Markets in August 2025?
Market statistics can vary greatly by neighborhood, so it's important to consult a knowledgeable Realtor who has access to market-level data.
Here's a detailed breakdown of key Oahu single-family home market areas, looking at the past 12 months:
West Honolulu Homes
West Honolulu home sales rose 13% to 145 homes. The median price increased 2% to $1,045,000. The median DOM rose 6% to 17 days. The bid-up percentage climbed 20% to 39.3%. MRI dipped 4% to 3.1 months, while active listings increased 9% to 37 homes.
Nuuanu-Makiki Homes
Nuuanu-Makiki home sales declined 5% to 113 homes. The median price rose 8% to $1,300,000. The median DOM doubled, up 100% to 30 days. The bid-up percentage fell 13% to 24.8%. MRI increased 26% to 6.4 months, and active listings rose 20% to 60 homes.
Manoa Homes
Manoa home sales dropped 20% to 57 homes. The median price rose 2% to $1,655,000. The median DOM fell 38% to 15 days. The bid-up percentage rose 18% to 29.8%. MRI decreased 10% to 2.7 months, while active listings declined 28% to 13 homes.
Kaimuki Homes
Kaimuki home sales climbed 21% to 151 homes. The median price remained stable at $1,245,000. The median DOM held steady at 14 days. The bid-up percentage edged up 1% to 33.1%. MRI declined 4% to 2.9 months, while active listings rose 16% to 37 homes.
Waialae-Kahala Homes
Waialae-Kahala home sales increased 19% to 88 homes. The median price rose 4% to $2,519,000. The median DOM dropped 25% to 21 days. The bid-up percentage rose 3% to 30.7%. MRI fell 31% to 2.6 months, while active listings declined 17% to 19 homes.
East Oahu Homes
East Oahu home sales grew 22% to 77 homes. The median price rose 4% to $1,887,500. The median DOM increased 33% to 20 days. The bid-up percentage jumped 27% to 40.3%. MRI fell 42% to 3.4 months, and active listings dropped 29% to 22 homes.
Hawaii Kai Homes
Hawaii Kai home sales rose 8% to 147 homes. The median price increased 1% to $1,650,000. The median DOM decreased 18% to 16 days. The bid-up percentage inched up 3% to 26.5%. MRI climbed 10% to 3.6 months, while active listings rose 19% to 44 homes.
Kailua Homes
Kailua home sales ticked up 2% to 232 homes. The median price was flat at $1,675,000. The median DOM rose 20% to 15 days. The bid-up percentage fell 18% to 28.4%. MRI rose 21% to 3.4 months, while active listings climbed 23% to 65 homes.
Kaneohe Homes
Kaneohe home sales dipped 2% to 199 homes. The median price rose 8% to $1,300,000. The median DOM increased 38% to 18 days. The bid-up percentage rose 10% to 34.2%. MRI declined 18% to 2.7 months, while active listings dropped 20% to 45 homes.
North Shore Homes
North Shore home sales rose 15% to 71 homes. The median price fell 13% to $1,450,000. The median DOM increased 44% to 36 days. The bid-up percentage dropped 18% to 21.1%. MRI fell 20% to 7.3 months, while active listings decreased 9% to 43 homes.
Leeward Homes
Leeward home sales declined 11% to 214 homes. The median price rose 2% to $676,000. The median DOM increased 16% to 41 days. The bid-up percentage held steady at 22.9%. MRI rose 12% to 5.8 months, while active listings were unchanged at 104 homes.
Ewa Homes
Ewa home sales fell 6% to 457 homes. The median price rose 5% to $925,000. The median DOM increased 14% to 28 days. The bid-up percentage edged down 1% to 30.2%. MRI jumped 36% to 3.9 months, while active listings grew 28% to 147 homes.
Makakilo Homes
Makakilo home sales increased by 30% to 103 homes. The median price rose 8% to $1,099,000. The median DOM decreased slightly by 3% to 29 days. The bid-up percentage jumped 59% to 28.2%. MRI rose 6% to 4.2 months, while active listings increased 38% to 36 homes.
Waipahu Homes
Waipahu home sales rose 9% to 179 homes. The median price held steady at $950,000. The median DOM increased 6% to 18 days. The bid-up percentage fell 7% to 36.9%. MRI remained unchanged at 2.3 months, while active listings grew 6% to 34 homes.
Mililani Homes
Mililani home sales increased 13% to 148 homes. The median price was flat at $1,075,000. The median DOM rose 19% to 19 days. The bid-up percentage increased 5% to 34.5%. MRI declined 23% to 1.6 months, while active listings dropped 13% to 20 homes.
Pearl City-Aiea Homes
Pearl City-Aiea home sales declined 4% to 211 homes. The median price held steady at $1,050,000. The median DOM remained unchanged at 14 days. The bid-up percentage dropped 19% to 32.2%. MRI decreased 14% to 1.9 months, while active listings declined 18% to 33 homes.
What Happened in Oahu Condo Markets in August 2025?
Here's a detailed breakdown of key Oahu condo market areas, looking at the past 12 months:
Salt Lake Condos
Salt Lake condo sales fell 16% to 128 units, while the median price declined 8% to $399,450. The median Days on Market (DOM) rose 67% to 40 days, and the bid-up percentage dropped 54% to 10.9%. Months of Remaining Inventory (MRI) jumped 77% to 8.6 months, and active listings rose 48% to 92 condos.
Downtown-Nuuanu Condos
Downtown-Nuuanu condo sales declined 7% to 228 units, with the median price down 2% to $388,500. The median DOM increased 53% to 45 days, while the bid-up percentage decreased 36% to 9.6%. MRI rose 56% to 7.6 months, and active listings climbed 45% to 144 condos.
Ala Moana-Kakaako Condos
Ala Moana-Kakaako condo sales rose 7% to 670 units, while the median price slipped 2% to $761,000. The median DOM jumped 54% to 59 days, and the bid-up percentage dropped 24% to 6.0%. MRI remained steady, edging up 1% to 8.4 months, with active listings up 8% to 471 condos.
Makiki Condos
Makiki condo sales dipped 5% to 255 units, and the median price declined 9% to $360,000. The median DOM climbed 45% to 45 days, while the bid-up percentage dropped 35% to 9.4%. MRI rose 8% to 6.4 months, and active listings inched up 3% to 137 condos.
Waikiki Condos
Waikiki condo sales decreased 14% to 901 units, while the median price increased 2% to $450,000. The median DOM rose 32% to 41 days, and the bid-up percentage declined 18% to 9.7%. MRI climbed 39% to 8.3 months, with active listings up 20% to 625 condos.
Kapiolani-University Condos
Kapiolani-University condo sales fell 5% to 220 units, with the median price down 1% to $405,000. The median DOM nearly doubled, rising 88% to 38 days, while the bid-up percentage declined 27% to 12.3%. MRI increased 22% to 6.7 months, and active listings grew 16% to 123 condos.
Diamond Head-Kahala Condos
Diamond Head-Kahala condo sales jumped 27% to 116 units, while the median price rose 1% to $655,000. The median DOM doubled, up 100% to 34 days, and the bid-up percentage dropped 36% to 7.8%. MRI decreased 19% to 6.0 months, and active listings rose 4% to 58 condos.
Hawaii Kai Condos
Hawaii Kai condo sales climbed 13% to 149 units, while the median price rose 2% to $830,000. The median DOM nearly doubled, up 94% to 31 days. The bid-up percentage declined 36% to 16.1%. MRI jumped 54% to 5.9 months, with active listings up 74% to 73 condos.
Kailua Condos
Kailua condo sales rose 8% to 96 units, while the median price increased 2% to $799,500. The median DOM held steady, up 3% to 19 days, and the bid-up percentage slipped 21% to 17.7%. MRI declined 20% to 3.3 months, while active listings decreased 13% to 26 condos.
Kaneohe Condos
Kaneohe condo sales rose 11% to 162 units, though the median price fell 7% to $655,500. The median DOM climbed 27% to 21 days, and the bid-up percentage dropped 27% to 21.0%. MRI increased 71% to 4.2 months, with active listings nearly doubling, up 90% to 57 condos.
Leeward Condos
Leeward condo sales declined 8% to 130 units, and the median price dropped 6% to $230,000. The median DOM rose 23% to 48 days, while the bid-up percentage slipped 9% to 16.2%. MRI jumped 86% to 10.0 months, with active listings up 71% to 108 condos.
Ewa Condos
Ewa condo sales climbed 10% to 367 units, while the median price decreased 6% to $650,000. The median DOM increased 86% to 41 days, and the bid-up percentage edged down 3% to 30.2%. MRI rose 46% to 6.0 months, with active listings up 61% to 183 condos.
Makakilo Condos
Makakilo condo sales dipped 7% to 90 units, with the median price flat at $549,500. The median DOM increased 10% to 27 days, while the bid-up percentage declined 23% to 27.8%. MRI more than doubled, rising 146% to 4.3 months, with active listings jumping 129% to 32 condos.
Waipahu Condos
Waipahu condo sales increased 12% to 160 units, while the median price held steady at $499,000. The median DOM rose 33% to 24 days, and the bid-up percentage declined 32% to 21.9%. MRI more than doubled, climbing 116% to 4.4 months, with active listings up 142% to 58 condos.
Mililani Condos
Mililani condo sales dipped 4% to 262 units, while the median price inched up 1% to $516,000. The median DOM rose 40% to 30 days, and the bid-up percentage dropped 9% to 33.2%. MRI jumped 54% to 4.4 months, with active listings up 48% to 96 condos.
Pearl City-Aiea Condos
Pearl City-Aiea condo sales edged up 1% to 258 units, while the median price slipped 3% to $460,000. The median DOM increased 60% to 36 days, and the bid-up percentage declined 35% to 21.3%. MRI nearly doubled, up 89% to 6.5 months, with active listings up 90% to 139 condos.
Summary
Because real estate market conditions can vary greatly among Oahu market areas, it's important for buyers and sellers to partner with a Realtor who has access to detailed, neighborhood-level data.
Glossary
- Active Listings: Count of MLS listings with "Active" status on the last day of the period.
- Bid-Up %: The percent of sales that were bid-up over asking price in competitive offers.
- Days on Market (DOM): Median number of days between listing date and escrow date, for all properties sold in the period.
- Months of Remaining Inventory (MRI): The number of months it would take to sell out the current active inventory at the recent rate of sales. A balance point between supply and demand is considered to be around 6 months, so MRI below 6 months indicates more of a sellers market and MRI above 6 months indicates more of a buyers market.
