What Happened in the Oahu Real Estate Market in July 2025?
The Oahu real estate market continues to show stable seasonal patterns in July 2025. Even with muted market activity stemming from concerns around affordability and economic uncertainty, leading indicators point to steady, sustainable conditions. Sales are following typical trends, median prices are flat, and there is continued demand—albeit stronger for homes than condos.
“The Oahu real estate market showed some signs of slowing down in July 2025, with lower sales and median prices,” said Chief Sales Officer for Locations Chad Takesue. “However, market indicators point to a steady and stable environment— with some restraints in the condo resale market.”
Takesue also suggested that competitive pressures may increase later this year, if for-sale inventory remains low and mortgage interest rates, which are currently between 6.5% and 7%, decrease. “We’re seeing inventory leveling for both homes and condos. As inventory typically rises heading into fall, this change could signal increased competition toward the end of 2025. Furthermore, if borrowing rates remain stable or even come down, we could see more buyers and sellers making a move in the coming months.”
The pace of sales, or the number of days a home is on the market, is an indicator of demand. For single-family homes, the pace of sales is brisk across the island, with median Days on Market less than 20 days in town, as well as in the Kailua and Kaneohe markets, and from Mililani to Pearl City. Market times have also decreased in the Manoa, Waialae-Kahala and Hawaii Kai markets. The longest market times were farthest from town, in the Leeward and North Shore markets.
For condos, Days on Market jumped to a median of 50 days in July 2025; however, the trend is lower at around 40 days, and market times vary by neighborhood. Days on Market for resale condos were higher in town. The Ala Moana-Kakaako market, where older resale inventory competes with new projects, had the longest time on market with a median of 58 days. At a median of 48 days, Leeward Oahu condos were also on the market longer due to remote location and some to condo quality. The swiftest condo markets were Kailua, Kaneohe and Waipahu at 18 to 25 days, across the price spectrum.
Key Takeaways from the July 2025 Locations Oahu Real Estate Report
New to real estate market data terms? See our glossary.
- Oahu median housing prices ticked down in July 2025, after remaining relatively flat for the first half of the year. The median single-family home price fell seven percent from a year ago to $1,075,000, while the median condo price dropped four percent to $490,000.
- Closed sales are largely following seasonal trends this year, with steady home sales and softer condo sales. Single-family home sales were nine percent below last July, while condo sales dipped by one percent.
- There were 909 single-family homes and 2,567 condos listed for sale at the end of July 2025. Home inventory is low but rising—typical for mid-year. Condo inventory is down three percent from its peak in May 2025 but still up 33 percent from last year.
- At the end of July 2025, Months of Remaining Inventory for homes was flat at 3.9 months and decreasing slightly for condos at 7.1 months, up 18 percent and 35 percent respectively, from last year. The Oahu condo market has favored buyers since March 2025.
- Market times for both single-family homes and condos increased in July 2025, against the typical seasonal pattern. Single-family homes were on the market for a median of 20 days, while condos were on the market for a median of 50 days—the longest time in 12 years.
- Competitive pressures are steady for homes and easing for condos in 2025. In July, 30.5 percent of homes sold and 12.7 percent of condos sold were bid-up over the asking price—about one in every three homes and one in every eight condos.
What Happened in Oahu Single-Family Home Markets in July 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 climbed 29% to 153 homes. The median price declined 5% to $1,025,000. The median DOM rose slightly by 6% to 17 days. The bid-up percentage increased 21% to 38.6%. MRI fell 31% to 2.9 months, while active listings declined 12% to 37 homes.
Nuuanu-Makiki Homes
Nuuanu-Makiki home sales declined 7% to 108 homes. The median price rose 8% to $1,300,000. The median DOM increased 33% to 24 days. The bid-up percentage fell 9% to 25.9%. MRI jumped 44% to 7.0 months, and active listings increased 34% to 63 homes.
Manoa Homes
Manoa home sales dipped 2% to 63 homes. The median price rose 4% to $1,675,000. The median DOM dropped 15% to 17 days. The bid-up percentage rose 7% to 30.2%. MRI declined 20% to 2.9 months, while active listings decreased 21% to 15 homes.
Kaimuki Homes
Kaimuki home sales increased 29% to 153 homes. The median price edged up 2% to $1,228,000. The median DOM increased 14% to 16 days. The bid-up percentage declined 9% to 30.7%. MRI dipped 3% to 3.2 months, and active listings rose 24% to 41 homes.
Waialae-Kahala Homes
Waialae-Kahala home sales rose 25% to 90 homes. The median price held steady at $2,392,500. The median DOM dropped 34% to 17 days. The bid-up percentage increased 7% to 31.1%. MRI declined slightly by 3% to 3.1 months, while active listings rose 21% to 23 homes.
East Oahu Homes
East Oahu home sales inched up 4% to 72 homes. The median price increased 20% to $2,015,000. The median DOM rose 40% to 21 days. The bid-up percentage rose 7% to 38.9%. MRI declined 26% to 3.3 months, and active listings dropped 23% to 20 homes.
Hawaii Kai Homes
Hawaii Kai home sales rose 1% to 142 homes. The median price increased 1% to $1,650,000. The median DOM declined 11% to 16 days. The bid-up percentage slipped 3% to 27.5%. MRI climbed 52% to 3.9 months, while active listings jumped 53% to 46 homes.
Kailua Homes
Kailua home sales dipped 2% to 231 homes. The median price declined 1% to $1,675,000. The median DOM rose 25% to 15 days. The bid-up percentage dropped 21% to 27.7%. MRI rose 32% to 3.7 months, and active listings increased 29% to 71 homes.
Kaneohe Homes
Kaneohe home sales held steady, rising 1% to 198 homes. The median price increased 8% to $1,295,000. The median DOM jumped 38% to 18 days. The bid-up percentage declined 9% to 30.8%. MRI fell 8% to 2.8 months, while active listings decreased 8% to 47 homes.
North Shore Homes
North Shore home sales rose 28% to 74 homes. The median price decreased 2% to $1,505,000. The median DOM increased 16% to 33 days. The bid-up percentage rose 11% to 23.0%. MRI fell 19% to 8.8 months, and active listings ticked up 4% to 54 homes.
Leeward Homes
Leeward home sales declined 10% to 218 homes. The median price remained stable at $670,000. The median DOM increased 13% to 41 days. The bid-up percentage rose slightly by 3% to 22.9%. MRI rose 10% to 5.8 months, while active listings dipped 1% to 105 homes.
Ewa Homes
Ewa home sales dropped 11% to 446 homes. The median price climbed 4% to $919,000. The median DOM rose 4% to 27 days. The bid-up percentage slipped 2% to 30.7%. MRI jumped 63% to 4.4 months, and active listings increased 46% to 163 homes.
Makakilo Homes
Makakilo home sales rose 23% to 98 homes. The median price rose 10% to $1,105,000. The median DOM held steady at 28 days. The bid-up percentage rose 76% to 28.6%. MRI climbed 53% to 3.7 months, and active listings jumped 88% to 30 homes.
Waipahu Homes
Waipahu sales increased 9% to 183 homes. The median price rose 1% to $950,000. The median DOM declined 8% to 17 days. The bid-up percentage remained steady at 37.7%. MRI declined 5% to 2.3 months, while active listings ticked up 3% to 35 homes.
Mililani Homes
Mililani home sales climbed 16% to 152 homes. The median price held steady at $1,070,000. The median DOM decreased 6% to 15 days. The bid-up percentage remained nearly unchanged at 35.5%. MRI jumped 61% to 2.2 months, and active listings increased 87% to 28 homes.
Pearl City-Aiea Homes
Pearl City-Aiea home sales declined 2% to 209 homes. The median price remained flat at $1,050,000. The median DOM decreased 7% to 14 days. The bid-up percentage fell 18% to 32.1%. MRI increased 42% to 2.1 months, while active listings climbed 38% to 36 homes.
What Happened in Oahu Condo Markets in July 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 18% to 129 units, while the median price declined 8% to $399,900. The median Days on Market (DOM) grew 61% to 37 days, and the bid-up percentage dropped 41% to 13.2%. Months of Remaining Inventory (MRI) jumped 89% to 7.8 months, and active listings rose 56% to 84 condos.
Downtown-Nuuanu Condos
Downtown-Nuuanu condo sales declined 12% to 224 units, with the median price down 2% to $393,500. The median DOM increased 54% to 43 days, while the bid-up percentage decreased 36% to 9.8%. MRI rose 73% to 8.3 months, and active listings climbed 52% to 154 condos.
Ala Moana-Kakaako Condos
Ala Moana-Kakaako condo sales held steady at 634 units, while the median price edged up 1% to $763,500. The median DOM rose 57% to 58 days, and the bid-up percentage fell 31% to 5.7%. MRI increased 9% to 9.1 months, with active listings up 9% to 482 condos.
Makiki Condos
Makiki sales dipped 3% to 260 units, and the median price declined 8% to $365,000. The median DOM climbed 48% to 45 days, while the bid-up percentage dropped 24% to 11.5%. MRI increased 29% to 7.0 months, and active listings grew 25% to 151 condos.
Waikiki Condos
Waikiki sales decreased 13% to 910 units, while the median price rose 2% to $455,000. The median DOM increased 30% to 39 days, and the bid-up percentage dropped 21% to 9.9%. MRI jumped 51% to 8.7 months, with active listings up 31% to 657 condos.
Kapiolani-University Condos
Kapiolani-University condo sales fell 8% to 222 units, with the median price unchanged at $405,000. The median DOM rose 89% to 36 days, and the bid-up percentage declined 25% to 13.1%. MRI increased 34% to 7.5 months, while active listings rose 23% to 138 condos.
Diamond Head-Kahala Condos
Diamond Head-Kahala condo sales jumped 32% to 115 units, while the median price rose 2% to $661,000. The median DOM climbed 47% to 25 days, and the bid-up percentage was halved—down 50% to 7.0%. MRI edged down 11% to 6.2 months, and active listings increased 18% to 59 condos.
Hawaii Kai Condos
Hawaii Kai condo sales rose 7% to 142 units, while the median price increased 3% to $845,000. The median DOM nearly doubled, up 91% to 31 days. The bid-up percentage declined 33% to 17.6%. MRI climbed 54% to 5.4 months, with active listings up 64% to 64 condos.
Kailua Condos
Kailua condo sales dipped 4% to 90 units, while the median price rose 4% to $809,500. The median DOM held steady at 18 days, and the bid-up percentage decreased slightly by 6% to 20.0%. MRI rose 23% to 3.6 months, and active listings grew 17% to 27 condos.
Kaneohe Condos
Kaneohe sales increased 17% to 164 units, though the median price fell 9% to $647,500. The median DOM climbed 45% to 21 days, and the bid-up percentage dropped 23% to 23.2%. MRI jumped 79% to 4.6 months, and active listings more than doubled, up 110% to 63 condos.
Leeward Condos
Leeward condo sales declined 8% to 132 units, and the median price dropped 10% to $226,000. The median DOM rose 28% to 48 days, while the bid-up percentage dropped 27% to 15.2%. MRI increased 70% to 9.2 months, with active listings up 55% to 101 condos.
Ewa Condos
Ewa condo sales rose 9% to 367 units, while the median price decreased 4% to $660,000. The median DOM increased 71% to 36 days, and the bid-up percentage fell 10% to 29.7%. MRI jumped 42% to 6.3 months, with active listings up 56% to 193 condos.
Makakilo Condos
Makakilo condo sales declined 6% to 91 units, and the median price slipped 1% to $548,000. The median DOM rose 22% to 28 days, and the bid-up percentage dropped 21% to 28.6%. MRI more than doubled, rising 125% to 5.0 months, with active listings up 111% to 38 condos.
Waipahu Condos
Waipahu condo sales increased 13% to 161 units, while the median price decreased 5% to $490,000. The median DOM rose 32% to 25 days, and the bid-up percentage declined 21% to 24.2%. MRI climbed 60% to 4.0 months, with active listings up 80% to 54 condos.
Mililani Condos
Mililani condo sales rose 2% to 273 units, while the median price remained unchanged at $515,000. The median DOM increased 45% to 29 days, and the bid-up percentage dropped 20% to 32.6%. MRI grew 40% to 4.5 months, with active listings up 43% to 103 condos.
Pearl City-Aiea Condos
Pearl City-Aiea condo sales climbed 13% to 280 units, and the median price rose 1% to $465,000. The median DOM increased 43% to 32 days, while the bid-up percentage declined 40% to 21.1%. MRI grew by 51% to 5.7 months, with active listings up 71% to 132 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.
