What Happened in the Oahu Real Estate Market in January 2026?
Demand for single-family homes was strong in January 2026. The number of homes for sale decreased, buyers entered into contract in a median of just four weeks, and competition reached a four-year high for the month of January. Demand for resale condos was softer, with a longer median market time and weaker competition.
“It was a typical January for the Oahu real estate market last month, with mostly flat median home prices and slightly slower sales,” said Interim Chief Executive Officer for Locations Chad Takesue. “Despite a muted start to the year, we expect to see the market pick up pace as we head into the spring homebuying season.”
At close to 6%, mortgage rates are a full point lower than the January 2025 average. Lower mortgage rates are welcome news for both homebuyers and sellers. As borrowing costs come down, buyers can stretch their dollar further, and market activity increases.
One in every three Oahu homes sold over the past 12 months was bid up over the asking price. Demand pressures are mostly consistent across the island. The highest demand pressures are in the home markets of East Honolulu and Kaneohe, where 40 percent of homes sold exceeded the list price. Demand has also been particularly strong in West Honolulu and Waipahu, with 37 percent of sales bid up. Even in the softer home markets, like Nuuanu-Makiki and Hawaii Kai, nearly one in four homes were bid up. Competition is lowest in the North Shore, where 18 percent of sales were bid up over the past year.
One in every seven Oahu condos sold over the past 12 months was bid up over the asking price, slightly fewer than last year. In most urban condo markets, fewer than one in 10 condos have sold above the asking price. Demand for condos is highest in West Oahu markets, where bid-ups average 25 percent over the past year. The highest levels of bid-ups are in Makakilo, at 32 percent, and Mililani, at 29 percent.
Buyers considering a home or condo may want to consider market areas with fewer bid-ups, which could offer greater leverage.
Key Takeaways from the January 2026 Locations Oahu Real Estate Report
New to real estate market data terms? See our glossary.
- In January 2026, the Oahu single-family home median price of $1,128,000 was even with the previous year. The condo median price of $529,000 was down one percent from last year.
- Single-family home sales were down three percent from a year ago in January 2026, while condo sales fell by six percent. Sales are following typical seasonal trends.
- There were 712 single-family homes and 2,297 condos listed for sale at the end of January 2026. Home inventory is now eight percent lower than last year. Condo inventory is up seven percent over last year, but declining.
- Months of Remaining Inventory (MRI) in January 2026 was 2.9 months for homes and 6.2 months for condos. Demand for homes is increasing, while demand for condos remains balanced with supply.
- The median Days on Market (DOM) in January 2026 was 28 days for homes and 50 days for condos. Market times have been quickening over the past seven months; however, the condo market continues to show softer demand conditions.
- Competitive pressure continues. In January 2026, 33 percent of homes and 9.6 percent of condos sold were bid up over the asking price—one in every three homes and one in every 10 condos—marking the highest January for homes in four years and the lowest month for condos in five years.
What Happened in Oahu Single-Family Home Markets in January 2026?
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 22% to 164 homes. The median price increased 6% to $1,090,000. The median DOM fell 10% to 18 days. The bid-up percentage climbed 6% to 37.8%. MRI declined 53% to 1.7 months, while active listings fell 43% to 23 homes.
Nuuanu-Makiki Homes
Nuuanu-Makiki home sales increased 3% to 117 homes. The median price rose 2% to $1,300,000. The median DOM jumped 141% to 41 days. The bid-up percentage fell 25% to 22.2%. MRI climbed 20% to 5.4 months, while active listings rose 23% to 53 homes.
Manoa Homes
Manoa home sales declined 6% to 67 homes. The median price fell 5% to $1,600,000. The median DOM dropped 29% to 15 days. The bid-up percentage increased 25% to 29.9%. MRI declined 8% to 2.3 months, while active listings slipped 13% to 13 homes.
Kaimuki Homes
Kaimuki home sales increased by 25% to 157 homes. The median price declined 4% to $1,250,000. The median DOM fell 18% to 14 days. The bid-up percentage edged up 2% to 29.9%. MRI declined 20% to 2.1 months, while active listings were unchanged at 27 homes.
Waialae-Kahala Homes
Waialae-Kahala home sales declined 1% to 86 homes. The median price climbed 12% to $2,660,000. The median DOM increased by 138% to 29 days. The bid-up percentage dropped 29% to 27.9%. MRI increased 19% to 2.8 months, while active listings rose 18% to 20 homes.
East Oahu Homes
East Oahu home sales increased 11% to 80 homes. The median price was flat at $1,925,000. The median DOM was unchanged at 19 days. The bid-up percentage jumped 49% to 41.3%. MRI declined 43% to 2.9 months, while active listings fell 37% to 19 homes.
Hawaii Kai Homes
Hawaii Kai home sales rose 10% to 147 homes. The median price declined 4% to $1,615,000. The median DOM increased 6% to 17 days. The bid-up percentage fell 20% to 24.5%. MRI declined 16% to 2.8 months, while active listings slipped 8% to 34 homes.
Kailua Homes
Kailua home sales increased 12% to 261 homes. The median price rose 1% to $1,685,000. The median DOM climbed 21% to 17 days. The bid-up percentage declined 10% to 28.7%. MRI increased 10% to 2.7 months, while active listings rose 23% to 58 homes.
Kaneohe Homes
Kaneohe home sales declined 10% to 192 homes. The median price rose 5% to $1,300,000. The median DOM fell 17% to 15 days. The bid-up percentage increased by 51% to 40.1%. MRI increased 20% to 2.8 months, while active listings rose 7% to 44 homes.
North Shore Homes
North Shore home sales rose 22% to 79 homes. The median price declined 8% to $1,500,000. The median DOM increased 6% to 33 days. The bid-up percentage fell 32% to 17.7%. MRI declined 37% to 5.6 months, while active listings dropped 23% to 37 homes.
Leeward Homes
Leeward home sales declined 13% to 212 homes. The median price slipped 1% to $665,000. The median DOM jumped 36% to 48 days. The bid-up percentage increased 17% to 26.4%. MRI rose 20% to 6.7 months, while active listings climbed 4% to 119 homes.
Ewa Homes
Ewa home sales fell 4% to 485 homes. The median price increased 4% to $930,000. The median DOM increased by 59% to 35 days. The bid-up percentage edged down 4% to 28.9%. MRI declined 17% to 2.5 months, while active listings dropped 21% to 100 homes.
Makakilo Homes
Makakilo home sales rose 16% to 110 homes. The median price increased 2% to $1,072,500. The median DOM climbed 15% to 30 days. The bid-up percentage jumped 27% to 28.2%. MRI declined 22% to 3.1 months, while active listings fell 10% to 28 homes.
Waipahu Homes
Waipahu home sales rose 3% to 185 homes. The median price declined 1% to $950,000. The median DOM increased 13% to 18 days. The bid-up percentage fell 10% to 37.3%. MRI declined 33% to 1.3 months, while active listings dropped 31% to 20 homes.
Mililani Homes
Mililani home sales declined 1% to 146 homes. The median price rose 3% to $1,100,000. The median DOM jumped 39% to 22 days. The bid-up percentage was essentially flat, rising 1% to 33.6%. MRI declined 55% to 1.0 month, while active listings plunged 56% to 12 homes.
Pearl City-Aiea Homes
Pearl City-Aiea home sales declined 11% to 210 homes. The median price was flat at $1,080,000. The median DOM was unchanged at 14 days. The bid-up percentage fell 12% to 31.9%. MRI declined 13% to 1.4 months, while active listings dropped 23% to 24 homes
What Happened in Oahu Condo Markets in January 2026?
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 1% to 149 units, while the median price fell 7% to $399,000. The median Days on Market (DOM) increased by 100% to 52 days. The bid-up percentage dropped 54% to 10.7%. Months of Remaining Inventory (MRI) dipped 6% to 5.6 months, and active listings declined 7% to 69 condos.
Downtown-Nuuanu Condos
Downtown-Nuuanu condo sales declined 15% to 219 units, while the median price fell 5% to $380,000. The median DOM climbed 75% to 56 days. The bid-up percentage dropped 27% to 9.6%. MRI increased 33% to 6.6 months, and active listings rose 12% to 121 condos.
Ala Moana-Kakaako Condos
Ala Moana-Kakaako condo sales increased 10% to 692 units, while the median price dipped 4% to $751,500. The median DOM rose 22% to 59 days. The bid-up percentage edged down 2% to 5.9%. MRI declined 8% to 8.4 months, and active listings were essentially flat, rising 1% to 486 condos.
Makiki Condos
Makiki condo sales declined 1% to 271 units, while the median price dropped 11% to $345,000. The median DOM increased 16% to 46 days. The bid-up percentage fell 49% to 7.0%. MRI edged down 3% to 5.2 months, and active listings declined 4% to 118 condos.
Waikiki Condos
Waikiki condo sales declined 8% to 915 units, while the median price slipped 1% to $444,300. The median DOM rose 35% to 46 days. The bid-up percentage fell 27% to 8.5%. MRI increased 26% to 8.1 months, and active listings climbed 16% to 618 condo.
Kapiolani-University Condos
Kapiolani-University condo sales declined 3% to 223 units, while the median price fell 4% to $395,000. The median DOM climbed 37% to 37 days. The bid-up percentage dropped 58% to 7.2%. MRI increased 22% to 6.8 months, and active listings rose 19% to 127 condos.
Diamond Head-Kahala Condos
Diamond Head-Kahala condo sales declined 2% to 112 units, while the median price fell 5% to $629,000. The median DOM increased by 276% to 62 days. The bid-up percentage dropped 46% to 7.1%. MRI dipped 6% to 5.3 months, and active listings declined 8% to 49 condos.
Hawaii Kai Condos
Hawaii Kai condo sales rose 4% to 150 units, while the median price increased 3% to $842,500. The median DOM jumped 106% to 37 days. The bid-up percentage fell 52% to 11.3%. MRI increased 11% to 5.4 months, and active listings climbed 15% to 68 condos.
Kailua Condos
Kailua condo sales increased 10% to 106 units, while the median price declined 4% to $802,000. The median DOM rose 8% to 21 days. The bid-up percentage edged up 3% to 16.0%. MRI increased 16% to 3.1 months, and active listings jumped 29% to 27 condos.
Kaneohe Condos
Kaneohe condo sales declined 1% to 164 units, while the median price fell 5% to $657,500. The median DOM climbed 67% to 25 days. The bid-up percentage dropped 51% to 14.0%. MRI declined 20% to 2.9 months, and active listings fell 20% to 39 condos.
Leeward Condos
Leeward condo sales declined 14% to 123 units, while the median price fell 4% to $230,000. The median DOM slipped 7% to 42 days. The bid-up percentage increased 23% to 14.6%. MRI rose 27% to 10.0 months, and active listings increased 10% to 103 condos.
Ewa Condos
Ewa condo sales rose 8% to 375 units, while the median price fell 7% to $640,000. The median DOM climbed 39% to 39 days. The bid-up percentage dropped 23% to 25.1%. MRI increased 15% to 5.1 months, and active listings rose 24% to 159 condos.
Makakilo Condos
Makakilo condo sales declined 8% to 91 units, while the median price dipped 2% to $549,000. The median DOM rose 25% to 35 days. The bid-up percentage slipped 4% to 31.9%. MRI increased 12% to 4.4 months, and active listings edged up 3% to 33 condos.
Waipahu Condos
Waipahu condo sales jumped 17% to 168 units, while the median price declined 3% to $485,000. The median DOM inceased 153% to 38 days. The bid-up percentage fell 17% to 23.8%. MRI declined 17% to 3.3 months, and active listings slipped 2% to 46 condos.
Mililani Condos
Mililani condo sales declined 14% to 258 units, while the median price dipped 1% to $510,000. The median DOM climbed 49% to 35 days. The bid-up percentage fell 12% to 28.7%. MRI increased 16% to 3.2 months, and active listings were unchanged at 68 condos.
Pearl City-Aiea Condos
Pearl City-Aiea condo sales declined 4% to 258 units, while the median price fell 11% to $429,500. The median DOM climbed 67% to 43 days. The bid-up percentage dropped 27% to 19.8%. MRI was essentially flat at 4.7 months, and active listings slipped 3% to 101 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.
