What Happened in the Oahu Real Estate Market in October 2025?
The Oahu real estate market, which has remained steady throughout 2025, is experiencing a slight lift heading into the end of the year. For the past few months, prices have been elevated, while sales outperformed the typical seasonal trend. For-sale inventory is also decreasing—unusual for the fourth quarter of the year.
Still, the market faces headwinds. Buyer and seller activity is moderated by multiple concerns, including economic uncertainty, political instability, rising homeownership costs and home affordability. Despite these challenges, demand is present, suggesting a stronger market in 2026.
“The outlook for the Oahu real estate market is mostly positive as we near the end of 2025,” said Chief Sales Officer for Locations Chad Takesue. “As mortgage rates have come down and stabilized, buyers and sellers are finding the confidence to move forward. Sales have surpassed our expectations for this time of year.”
At the same time, Takesue acknowledged that concerns over the Federal government shutdown and the presidential administration’s economic policies could temper the market’s momentum.
Affordability continues to be a challenge for homebuyers, particularly first-time buyers. Most single-family homes that would be considered affordable to a median-income family on Oahu are in the Leeward area, between Waianae and Makaha. However, opportunities can be found in established markets closer to town, including Kaimuki, Kalihi and Nuuanu. Farther out, affordable homes can also be found in Hauula, Ewa and Waipahu.
More than half of Oahu re-sale condo inventory is affordable to a median-income family. Markets with the most affordable inventory include Pearl City-Aiea, Mililani, Waipahu, Makakilo and Leeward Oahu, as well as the in-town markets of Salt Lake, Downtown and Makiki.
Key Takeaways from the October 2025 Locations Oahu Real Estate Report
New to real estate market data terms? See our glossary.
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In October 2025, the Oahu single-family home median home price of $1,171,500 was even with the previous month and nine percent higher than a year ago. The median condo price of $536,000 was up five percent from last month and three percent from last year. In 2025, monthly median prices are mostly above last year for homes and flat for condos, with recent increases.
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Single-family home sales were flat in October 2025 compared to the same month last year. Condo sales were up six percent—an unusually strong rise for this time of year, when sales typically decline.
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There were 820 single-family homes and 2,417 condos listed for sale at the end of October 2025. Home and condo inventory is now gradually, but steadily, declining—unusual for the fall season.
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At the end of October 2025, Months of Remaining Inventory (MRI) was 3.5 months for homes and 6.6 months for condos. Although condo supply is declining, months of remaining inventory continue to signal a buyer-leaning market, leaving room for opportunities in select segments.
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The median Days on Market (DOM) in October 2025 was 27 days for homes and 46 days for condos. Condos have been taking longer to sell in 2025; however, market time has been decreasing over the past few months.
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Competitive pressures continue in 2025—steady for homes and now rising slightly for condos. In October 2025, 28.3 percent of homes sold and 13.5 percent of condos sold were bid up over the asking price—one in every 3.5 homes and one in every 7.4 condos.
What Happened in Oahu Single-Family Home Markets in October 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 30% to 162 homes. The median price increased 4% to $1,053,500. The median DOM rose 9% to 19 days. The bid-up percentage climbed 27% to 39.5%. MRI declined 37% to 2.2 months, while active listings fell 19% to 30 homes.
Nuuanu-Makiki Homes
Nuuanu-Makiki home sales declined 12% to 106 homes. The median price increased 4% to $1,290,000. The median DOM more than doubled, up 120% to 33 days. The bid-up percentage was nearly flat at 25.5%. MRI jumped 71% to 7.8 months, while active listings climbed 50% to 69 homes.
Manoa Homes
Manoa home sales slipped 4% to 66 homes. The median price dipped 1% to $1,652,500. The median DOM fell 42% to 14 days. The bid-up percentage increased 53% to 33.3%. MRI decreased 35% to 2.4 months, while active listings dropped 38% to 13 homes.
Kaimuki Homes
Kaimuki home sales rose 23% to 151 homes. The median price held steady at $1,245,000. The median DOM decreased 18% to 14 days. The bid-up percentage edged up 2% to 29.1%. MRI declined 21% to 2.9 months, while active listings slipped 3% to 36 homes.
Waialae-Kahala Homes
Waialae-Kahala home sales increased 25% to 95 homes. The median price rose 8% to $2,558,000. The median DOM climbed 39% to 23 days. The bid-up percentage fell 20% to 28.4%. MRI decreased 38% to 2.7 months, while active listings declined 22% to 21 homes.
East Oahu Homes
East Oahu home sales increased 13% to 77 homes. The median price fell 6% to $1,780,000. The median DOM was steady, up 3% to 19 days. The bid-up percentage climbed 37% to 40.3%. MRI declined 18% to 3.7 months, while active listings dropped 8% to 24 homes.
Hawaii Kai Homes
Hawaii Kai home sales rose 2% to 143 homes. The median price slipped 1% to $1,650,000. The median DOM decreased 9% to 16 days. The bid-up percentage was nearly unchanged at 26.6%. MRI fell 52% to 3.8 months, while active listings dropped 55% to 45 homes.
Kailua Homes
Kailua home sales rose 5% to 249 homes. The median price was stable at $1,678,900. The median DOM increased 29% to 18 days. The bid-up percentage fell 14% to 27.7%. MRI was unchanged at 2.9 months, while active listings edged up 5% to 60 homes.
Kaneohe Homes
Kaneohe home sales declined 8% to 192 homes. The median price increased 6% to $1,274,000. The median DOM rose 7% to 16 days. The bid-up percentage jumped 30% to 37.5%. MRI climbed 24% to 2.9 months, while active listings rose 15% to 47 homes.
North Shore Homes
North Shore home sales increased 23% to 74 homes. The median price fell 6% to $1,462,500. The median DOM rose 69% to 42 days. The bid-up percentage dropped 48% to 14.9%. MRI decreased 21% to 7.8 months, while active listings slipped 2% to 48 homes.
Leeward Homes
Leeward home sales declined 9% to 218 homes. The median price held steady at $675,000. The median DOM rose 30% to 45 days. The bid-up percentage increased 18% to 26.1%. MRI climbed 18% to 5.9 months, while active listings rose 7% to 108 homes.
Ewa Homes
Ewa home sales dipped 6% to 462 homes. The median price rose 5% to $930,000. The median DOM climbed 60% to 34 days. The bid-up percentage declined 10% to 28.6%. MRI held steady at 3.1 months, while active listings edged down 5% to 119 homes.
Makakilo Homes
Makakilo home sales surged 43% to 110 homes. The median price increased 11% to $1,105,000. The median DOM rose 13% to 30 days. The bid-up percentage soared 75% to 27.3%. MRI fell 19% to 3.9 months, while active listings increased 16% to 36 homes.
Waipahu Homes
Waipahu home sales rose 14% to 186 homes. The median price was stable at $957,500. The median DOM increased 19% to 19 days. The bid-up percentage declined 15% to 34.9%. MRI decreased 21% to 1.8 months, while active listings dropped 10% to 28 homes.
Mililani Homes
Mililani home sales rose 6% to 145 homes. The median price increased 3% to $1,100,000. The median DOM climbed 56% to 25 days. The bid-up percentage fell 12% to 29.0%. MRI declined 32% to 1.5 months, while active listings fell 28% to 18 homes.
Pearl City-Aiea Homes
Pearl City-Aiea home sales decreased 10% to 206 homes. The median price held steady at $1,060,000. The median DOM was unchanged at 14 days. The bid-up percentage dropped 18% to 32.0%. MRI increased 18% to 2.0 months, while active listings rose 6% to 34 homes.
What Happened in Oahu Condo Markets in October 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 8% to 144 units, while the median price fell 7% to $400,500. The median Days on Market (DOM) nearly doubled, up 94% to 51 days. The bid-up percentage dropped 56% to 10.4%. Months of Remaining Inventory (MRI) rose 19% to 6.5 months, and active listings increased 10% to 78 condos.
Downtown-Nuuanu Condos
Downtown-Nuuanu condo sales slipped 3% to 237 units, with the median price down 4% to $384,000. The median DOM rose 61% to 50 days, while the bid-up percentage fell 35% to 9.3%. MRI climbed 36% to 6.9 months, and active listings increased 32% to 137 condos.
Ala Moana-Kakaako Condos
Ala Moana-Kakaako condo sales rose 15% to 686 units, while the median price declined 3% to $757,000. The median DOM increased 23% to 57 days, and the bid-up percentage dipped 6% to 6.4%. MRI edged up 8% to 9.0 months, with active listings up 24% to 515 condos.
Makiki Condos
Makiki condo sales fell 7% to 254 units, and the median price decreased 11% to $350,000. The median DOM increased 46% to 50 days, while the bid-up percentage dropped 41% to 8.3%. MRI declined 10% to 5.4 months, and active listings decreased 16% to 114 condos.
Waikiki Condos
Waikiki condo sales decreased 7% to 931 units, while the median price rose 1% to $445,000. The median DOM climbed 44% to 46 days, and the bid-up percentage dropped 29% to 8.8%. MRI increased 19% to 7.6 months, with active listings up 10% to 586 condos.
Kapiolani-University Condos
Kapiolani-University condo sales dipped 1% to 226 units, with the median price down 1% to $400,000. The median DOM nearly doubled, up 88% to 41 days, while the bid-up percentage declined 52% to 8.8%. MRI rose 19% to 6.7 months, and active listings grew 18% to 126 condos.
Diamond Head-Kahala Condos
Diamond Head-Kahala condo sales rose 15% to 117 units, while the median price declined 3% to $630,000. The median DOM jumped 167% to 44 days, and the bid-up percentage fell 53% to 6.0%. MRI dropped 27% to 5.1 months, while active listings decreased 17% to 50 condos.
Hawaii Kai Condos
Hawaii Kai condo sales increased 17% to 152 units, while the median price rose 4% to $845,000. The median DOM climbed 84% to 34 days. The bid-up percentage fell 32% to 15.8%. MRI rose 35% to 6.2 months, with active listings up 58% to 79 condos.
Kailua Condos
Kailua condo sales rose 16% to 106 units, while the median price increased 4% to $820,000. The median DOM grew 34% to 26 days, and the bid-up percentage declined 14% to 17.0%. MRI fell 24% to 2.5 months, while active listings decreased 12% to 22 condos
Kaneohe Condos
Kaneohe condo sales rose 13% to 169 units, though the median price fell 9% to $650,000. The median DOM increased 40% to 21 days, and the bid-up percentage dropped 39% to 17.2%. MRI climbed 35% to 4.1 months, with active listings up 53% to 58 condos.
Leeward Condos
Leeward condo sales dipped 7% to 129 units, while the median price fell 6% to $227,000. The median DOM was steady, up 2% to 42 days, and the bid-up percentage increased 29% to 17.8%. MRI rose 43% to 10.0 months, with active listings up 34% to 107 condos.
Ewa Condos
Ewa condo sales increased 10% to 370 units, while the median price declined 5% to $645,000. The median DOM surged 60% to 40 days, and the bid-up percentage dropped 15% to 27.6%. MRI rose 11% to 5.7 months, with active listings up 23% to 177 condos.
Makakilo Condos
Makakilo condo sales declined 5% to 94 units, with the median price flat at $547,500. The median DOM climbed 46% to 35 days, while the bid-up percentage was nearly unchanged, down 1% to 31.9%. MRI more than tripled, up 202% to 5.5 months, with active listings soaring 187% to 43 condos.
Waipahu Condos
Waipahu condo sales increased 6% to 156 units, while the median price held steady at $495,000. The median DOM jumped 61% to 29 days, and the bid-up percentage fell 34% to 21.2%. MRI rose 91% to 5.3 months, with active listings more than doubling, up 103% to 69 condos.
Mililani Condos
Mililani condo sales dropped 15% to 249 units, while the median price edged up 1% to $515,000. The median DOM climbed 53% to 33 days, and the bid-up percentage declined 17% to 30.1%. MRI rose 45% to 3.9 months, with active listings up 23% to 81 condos.
Pearl City-Aiea Condos
Pearl City-Aiea condo sales fell 7% to 248 units, while the median price dipped 2% to $461,500. The median DOM rose 54% to 39 days, and the bid-up percentage declined 32% to 20.6%. MRI increased 49% to 5.8 months, with active listings up 38% to 119 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.
