What Happened in the Oahu Real Estate Market in June 2025?
The Oahu residential real estate market is steady but restrained, as high borrowing costs and home prices, coupled with economic uncertainty, continue to suppress buyer activity. However, low housing supply relative to buyer demand suggests the market will remain stable through the end of this year.
“Stubbornly high interest rates and high home prices have forced some homebuyers to the sidelines this summer,” said Chief Sales Officer for Locations Chad Takesue. “For those buyers who are able to take advantage of creative financing or tap into other borrowing sources, there are still deals to be found—especially in the condo market, where supply is at a 17-year high, as well as in some outlying single-family home markets.”
Takesue also noted that legislation supporting insurance coverage may be forthcoming. “We may soon see expanded condo insurance coverage, which would help to stabilize homeowners’ association fees in older condo buildings and buoy buyer confidence. If that’s the case, we’re likely to see demand for condos increase,” he added.
Demand for resale condos is softer in urban Honolulu, where there is a greater percentage of concrete towers and aging housing stock. Remaining inventory is highest in the Ala Moana-Kakaako market at 9.9 months, where new condo developments compete for buyer attention. The Salt Lake and Leeward Oahu markets also have a relatively high supply, at 9.5 months and 9.4 months, respectively. The tightest supply-demand condo markets are Kailua at 4.1 months, Waipahu at 4.3 months and Mililani at 4.7 months. West Oahu condo markets typically have lower remaining inventory than in-town markets.
For single-family homes, West Oahu markets also have typically lower remaining inventory. The tightest supply-demand market is Waipahu with 1.5 months’ supply and Pearl City-Aiea with 2.1 months’ supply, indicating strong demand. The Mililani and Manoa markets are also tight, with 2.4 months of remaining inventory each. The softest home markets are North Shore, with 9.2 months’ supply, and Nuuanu-Makiki, with 6.2 months’ supply.
Key Takeaways from the June 2025 Locations Oahu Real Estate Report
New to real estate market data terms? See our glossary.
- The Oahu median single-family home price is flat in 2025, while the median condo price is beginning to rise. In June 2025, the median single-family home price was flat from a year ago at $1,125,000. The median condo price was four percent below last June, but at $510,000, it’s the highest monthly median price since January.
- Single-family home sales rose by 10 percent from a year ago, while condo sales slipped by one percent. Closed sales are largely following seasonal patterns, with steady home sales and softer condo sales.
- Single-family home inventory remains low but is 30 percent higher than it was a year ago. Condo inventory is leveling at 46 percent higher than last year. There were 905 homes and 2,647 condos available for sale at the end of June 2025.
- At the end of June, Months of Remaining Inventory rose slightly for homes to 3.9 months and rested at 7.3 months for condos, up 25 percent and 51 percent respectively, from last year. This supply-demand measure puts condos in buyers’ market territory for the third consecutive month.
- Market times for both single-family homes and condos increased in June 2025, against the typical seasonal pattern. Single-family homes were on the market for a median of 23 days, while condos were on the market for a median of 39 days.
- Competition is easing as inventory continues to grow. In June 2025, 31.4 percent of homes sold and 16.2 percent of condos sold were bid up over the asking price, about one in every three homes and one in every six condos.
What Happened in Oahu Single-Family Home Markets in June 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 33% to 157 homes. The median price dipped slightly by 3% to $1,030,000. The median DOM held steady at 17 days. The bid-up percentage increased by 20% to 37.6%. MRI declined by 16% to 3.1 months, while active listings rose 11% to 40 homes.
Nuuanu-Makiki Homes
Nuuanu-Makiki home sales held steady at 114 homes. The median price rose 8% to $1,300,000. The median DOM fell 7% to 22 days. The bid-up percentage edged up 3% to 27.2%. MRI increased 37% to 6.2 months, and active listings rose 37% to 59 homes.
Manoa Homes
Manoa home sales dipped 2% to 64 homes. The median price climbed 8% to $1,717,500. The median DOM rose 19% to 19 days. The bid-up percentage fell 18% to 26.6%. MRI declined 34% to 2.4 months, while active listings dropped 35% to 13 homes.
Kaimuki Homes
Kaimuki home sales rose 25% to 147 homes. The median price declined 1% to $1,228,000. The median DOM rose 31% to 17 days. The bid-up percentage dropped 14% to 30.6%. MRI declined 13% to 3.0 months, and active listings increased 9% to 37 homes.
Waialae-Kahala Homes
Waialae-Kahala home sales increased by 45% to 97 homes. The median price fell slightly by 3% to $2,340,000. The median DOM dropped 46% to 14 days. The bid-up percentage rose 13% to 32.0%. MRI declined 19% to 3.3 months, while active listings rose 17% to 27 homes.
East Oahu Homes
East Oahu home sales rose 8% to 71 homes. The median price increased 8% to $1,887,500. The median DOM rose 25% to 20 days. The bid-up percentage declined 11% to 35.2%. MRI fell 25% to 3.5 months, and active listings decreased 19% to 21 homes.
Hawaii Kai Homes
Hawaii Kai home sales increased 5% to 142 homes. The median price rose 5% to $1,650,000. The median DOM declined 11% to 16 days. The bid-up percentage fell 10% to 26.1%. MRI rose 65% to 3.8 months, while active listings ticked up 73% to 45 homes.
Kailua Homes
Kailua home sales dipped 2% to 234 homes. The median price declined 3% to $1,650,500. The median DOM rose 25% to 15 days. The bid-up percentage fell 26% to 27.8%. MRI increased 38% to 3.2 months, and active listings rose 35% to 62 homes.
Kaneohe Homes
Kaneohe home sales edged down 1% to 197 homes. The median price increased 8% to $1,300,000. The median DOM jumped 50% to 18 days. The bid-up percentage dropped 10% to 31.0%. MRI rose 10% to 2.9 months, while active listings increased 9% to 48 homes.
North Shore Homes
North Shore home sales climbed 29% to 72 homes. The median price rose 9% to $1,553,000. The median DOM rose 50% to 36 days. The bid-up percentage dipped 4% to 22.2%. MRI declined 13% to 9.2 months, and active listings increased 12% to 55 homes.
Leeward Homes
Leeward home sales dropped 10% to 221 homes. The median price fell 1% to $670,000. The median DOM rose 31% to 46 days. The bid-up percentage inched up 1% to 22.6%. MRI increased 35% to 5.8 months, while active listings rose 22% to 107 homes.
Ewa Homes
Ewa home sales declined 8% to 445 homes. The median price rose 4% to $915,000. The median DOM held steady at 27 days. The bid-up percentage increased 6% to 32.1%. MRI jumped 67% to 4.6 months, and active listings rose 54% to 171 homes.
Makakilo Homes
Makakilo home sales rose 21% to 98 homes. The median price climbed 11% to $1,113,694. The median DOM decreased 8% to 24 days. The bid-up percentage surged 78% to 28.6%. MRI increased 41% to 3.6 months, and active listings jumped 71% to 29 homes.
Waipahu Homes
Waipahu home sales rose 16% to 188 homes. The median price increased 2% to $961,000. The median DOM declined 26% to 16 days. The bid-up percentage ticked up 2% to 38.3%. MRI decreased 17% to 1.5 months, while active listings dipped 4% to 23 homes.
Mililani Homes
Mililani home sales increased 17% to 153 homes. The median price edged up 1% to $1,085,000. The median DOM dropped 13% to 14 days. The bid-up percentage held steady at 35.9%. MRI surged 83% to 2.4 months, and active listings more than doubled, up 114% to 30 homes.
Pearl City-Aiea Homes
Pearl City-Aiea home sales held steady at 211 homes. The median price rose 3% to $1,075,000. The median DOM dropped 19% to 13 days. The bid-up percentage declined 19% to 32.2%. MRI increased 47% to 2.1 months, while active listings climbed by 48% to 37 homes.
What Happened in Oahu Condo Markets in June 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 declined by 15% to 130, while the median price fell by 6% to $410,000. The median Days on Market (DOM) increased by 62% to 34 days, and the bid-up percentage decreased by 35%. Months of Remaining Inventory (MRI) rose by 153% to 9.5 months, and active listings more than doubled, up 115% to 103 condos.
Downtown-Nuuanu Condos
Downtown-Nuuanu condo sales declined by 6% to 236, while the median price fell by 3% to $398,000. The median DOM rose 38% to 36 days, and the bid-up percentage decreased by 22%. MRI surged 78% to 7.6 months, with active listings up 67% to 150 condos.
Ala Moana-Kakaako Condos
Ala Moana-Kakaako condo sales dipped by 1% to 636, while the median price rose 2% to $765,000. The median DOM increased by 48% to 56 days, and the bid-up percentage dropped 38% to 5.7%. MRI rose 31% to 9.9 months, with active listings up 30% to 523 condos.
Makiki Condos
Makiki sales slipped 2% to 270, while the median price declined 7% to $365,000. The median DOM climbed 57% to 42 days, and the bid-up percentage dropped 36% to 10.4%. MRI rose 37% to 6.7 months, with active listings up 34% to 151 condos.
Waikiki Condos
Waikiki sales declined 12% to 913, while the median price rose 6% to $460,000. The median DOM increased by 31% to 38 days, and the bid-up percentage decreased by 20% to 10.5%. MRI climbed 47% to 8.5 months, with active listings up 28% to 648 condos.
Kapiolani-University Condos
Kapiolani-University condo sales fell 4% to 227, while the median price dipped 1% to $405,000. The median DOM surged 61% to 29 days, and the bid-up percentage dropped 29% to 14.1%. MRI rose 61% to 7.6 months, with active listings up 54% to 143 condos.
Diamond Head-Kahala Condos
Diamond Head-Kahala condo sales rose 15% to 110, while the median price dipped 1% to $658,000. The median DOM rose 53% to 25 days, and the bid-up percentage dropped 51% to 8.2%. MRI was nearly flat, up 2% to 6.7 months, with active listings up 17% to 61 condos.
Hawaii Kai Condos
Hawaii Kai condo sales increased 3% to 137, while the median price rose 4% to $845,000. The median DOM surged 67% to 25 days, and the bid-up percentage fell 39% to 17.5%. MRI skyrocketed 214% to 6.0 months, with active listings up 224% to 68 condos.
Kailua Condos
Kailua condo sales were nearly flat, up 1% to 91, while the median price rose 7% to $830,000. The median DOM held steady at 18 days, and the bid-up percentage rose 28% to 24.2%. MRI rose 46% to 4.1 months, with active listings up 48% to 31 condos.
Kaneohe Condos
Kaneohe sales rose 19% to 167, while the median price dropped 10% to $650,000. The median DOM increased 62% to 21 days, and the bid-up percentage fell 29% to 24.0%. MRI rose 54% to 4.9 months, and active listings were up 84% to 68 condos.
Leeward Condos
Leeward condo sales declined 8% to 133, while the median price decreased 7% to $230,000. The median DOM rose 39% to 48 days, and the bid-up percentage dropped 34% to 14.3%. MRI increased 50% to 9.4 months, with active listings up 39% to 104 condos.
Ewa Condos
Ewa condo sales held steady at 352. The median price slipped 2% to $668,500. The median DOM surged 80% to 36 days, and the bid-up percentage remained flat at 31.5%. MRI jumped 92% to 6.8 months, with active listings up 91% to 199 condos.
Makakilo Condos
Makakilo condo sales declined 7% to 90, while the median price was unchanged at $550,000. The median DOM rose 38% to 28 days, and the bid-up percentage declined 11% to 32.2%. MRI increased 121% to 5.2 months, and active listings rose 105% to 39 condos.
Waipahu Condos
Waipahu condo sales grew 3% to 152, while the median price dipped 1% to $495,500. The median DOM rose 33% to 24 days, and the bid-up percentage fell 15% to 25.0%. MRI surged 97% to 4.3 months, with active listings up 104% to 55 condos.
Mililani Condos
Mililani condo sales rose 1% to 276, while the median price dropped 1% to $510,000. The median DOM jumped 61% to 29 days, and the bid-up percentage fell 21% to 33.0%. MRI rose 68% to 4.7 months, with active listings up 69% to 108 condos.
Pearl City-Aiea Condos
Pearl City-Aiea condo sales increased 6% to 269, while the median price rose 2% to $470,000. The median DOM climbed 32% to 29 days, and the bid-up percentage dropped 34% to 22.3%. MRI increased 76% to 5.5 months, with active listings up 86% to 123 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.
