What Happened in the Oahu Real Estate Market in March 2026?
The Oahu real estate market was steady in March 2026. The single-family home market continues to outperform the resale condo market, but demand for condos is increasing. If this trend holds, condo sales will rise, followed by prices.
Mortgage rates—which had been improving—have now reversed course, as the war in Iran and global uncertainties pushed U.S. bond yields higher.
"We’ll be watching closely to see if the Administration’s actions will have long-term effects on the economy, financial markets, and the housing industry,” said Interim Chief Executive Officer for Locations Chad Takesue.
Islandwide, resale condo sales are four percent lower than a year ago, but some market areas are already showing increases. In town, sales are up by 19% in Salt Lake, six percent in Ala Moana-Kakaako, and 23% in Kapiolani. Out of town, sales are up three percent in Hawaii Kai. In West Oahu, condo sales are up 28% in Makakilo and 34% in Waipahu—the greatest increases on Oahu. Single-family home sales are up nine percent islandwide in the first quarter of 2026; however, sales decreased in some market areas.
In town, sales are down by 12% in Salt Lake, 19% in Kaimuki, and 39% in Waialae-Kahala. Out of town, sales are down 12% in Hawaii Kai and 15% in Kaneohe. In West Oahu, home sales are down 22% in Waipahu. The neighborhoods with the highest increases in sales are the most distant from town: North Shore, up 43%, and Leeward Oahu, up 44%.
Key Takeaways from the March 2026 Locations Oahu Real Estate Report
New to real estate market data terms? See our glossary.
- In March 2026, the Oahu single-family home median price of $1,200,000 was up four percent from the previous year. The condo median price of $510,000 was up two percent from last year. Home prices have been trending slightly higher in 2026, while condo prices are about even with last year.
- Single-family home sales were 23 percent higher than March 2025, while condo sales were five percent lower—generally following typical seasonal trends. Year-to-date, home sales are up nine percent, and condo sales are down four percent.
- There were 748 single-family homes and 2,395 condos listed for sale at the end of March 2026. Home inventory is now eight percent lower than last year, while condo inventory is less than one percent higher.
- Months of Remaining Inventory (MRI) in March 2026 was 3.0 months for homes and 6.5 months for condos. Demand is level for both homes and condos; however, demand for condos is trending stronger than last year.
- The median Days on Market (DOM) in March 2026 was 20 days for homes and 43 days for condos. Market times have quickened in the condo market since the beginning of the year.
- In March 2026, 26.7 percent of homes and 15.7 percent of condos sold were bid up over the asking price—about one in every four homes and one in every six condos. Condo demand has been increasing since the beginning of the year.
What Happened in Oahu Single-Family Home Markets in March 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 16% to 162 homes. The median price increased 11% to $1,122,500. The median DOM rose 6% to 19 days. The bid-up percentage climbed 9% to 38.3%. MRI declined 59% to 1.6 months, while active listings fell 52% to 21 homes.
Nuuanu-Makiki Homes
Nuuanu-Makiki home sales increased 2% to 124 homes. The median price rose 3% to $1,334,000. The median DOM jumped 115% to 37 days. The bid-up percentage fell 16% to 25.0%. MRI was unchanged at 4.6 months, while active listings rose 2% to 48 homes.
Manoa Homes
Manoa home sales increased 4% to 72 homes. The median price declined 5% to $1,596,500. The median DOM fell 17% to 15 days. The bid-up percentage increased 8% to 25.0%. MRI rose 2% to 2.7 months, while active listings increased 7% to 16 homes.
Kaimuki Homes
Kaimuki home sales increased 14% to 151 homes. The median price rose 1% to $1,250,000. The median DOM fell 12% to 15 days. The bid-up percentage declined 10% to 28.5%. MRI was essentially flat, rising 2% to 2.3 months, while active listings rose 16% to 29 homes.
Waialae-Kahala Homes
Waialae-Kahala home sales declined 12% to 80 homes. The median price increased 9% to $2,597,500. The median DOM jumped 79% to 25 days. The bid-up percentage fell 26% to 27.5%. MRI rose 23% to 3.9 months, while active listings increased 8% to 26 homes.
East Oahu Homes
East Oahu home sales increased 21% to 81 homes. The median price declined 9% to $1,780,000. The median DOM rose 17% to 21 days. The bid-up percentage climbed 24% to 37.0%. MRI declined 25% to 2.8 months, while active listings fell 10% 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 15% to 261 homes. The median price rose 2% to $1,700,000. The median DOM increased 13% to 17 days. The bid-up percentage declined 3% to 28.7%. MRI remained essentially flat, rising 2% to 2.4 months, while active listings increased 18% to 53 homes.
Kaneohe Homes
Kaneohe home sales declined 11% to 188 homes. The median price increased 4% to $1,300,000. The median DOM fell 13% to 14 days. The bid-up percentage increased 20% to 37.2%. MRI rose 45% to 3.1 months, while active listings climbed 29% to 49 homes.
North Shore Homes
North Shore home sales rose 29% to 85 homes. The median price declined 1% to $1,570,000. The median DOM increased 22% to 33 days. The bid-up percentage fell 36% to 16.5%. MRI declined 38% to 4.9 months, while active listings dropped 20% to 35 homes.
Leeward Homes
Leeward home sales increased 3% to 232 homes. The median price declined 3% to $652,800. The median DOM rose 13% to 45 days. The bid-up percentage increased 21% to 28.4%. MRI rose 2% to 5.9 months, while active listings increased 5% to 114 homes.
Ewa Homes
Ewa home sales increased 7% to 506 homes. The median price rose 4% to $935,000. The median DOM jumped 55% to 34 days. The bid-up percentage declined 8% to 27.9%. MRI declined 20% to 3.2 months, while active listings fell 15% to 136 homes.
Makakilo Homes
Makakilo home sales rose 18% to 113 homes. The median price increased 2% to $1,075,000. The median DOM jumped 73% to 39 days. The bid-up percentage increased 2% to 26.5%. MRI declined 30% to 2.5 months, while active listings fell 17% to 24 homes.
Waipahu Homes
Waipahu home sales declined 7% to 176 homes. The median price fell 2% to $948,750. The median DOM rose 21% to 17 days. The bid-up percentage edged down 1% to 39.2%. MRI declined 19% to 1.2 months, while active listings dropped 25% to 18 homes.
Mililani Homes
Mililani home sales increased 1% to 152 homes. The median price rose 2% to $1,100,000. The median DOM jumped 36% to 19 days. The bid-up percentage increased 6% to 36.2%. MRI declined 63% to 0.9 months, while active listings fell 62% to 11 homes.
Pearl City-Aiea Homes
Pearl City-Aiea home sales were unchanged at 221 homes. The median price increased 5% to $1,130,000. The median DOM rose 8% to 14 days. The bid-up percentage fell 9% to 31.2%. MRI declined 3% to 1.7 months, while active listings fell 3% to 32 homes.
What Happened in Oahu Condo Markets in March 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 increased 12% to 159 units, while the median price declined 3% to $402,000. The median Days on Market (DOM) rose 73% to 52 days. The bid-up percentage dropped 43% to 11.3%. Months of Remaining Inventory (MRI) declined 27% to 4.9 months, and active listings fell 19% to 65 condos.
Downtown-Nuuanu Condos
Downtown-Nuuanu condo sales declined 8% to 226 units, while the median price fell 4% to $379,000. The median DOM climbed 89% to 61 days. The bid-up percentage dropped 10% to 10.6%. MRI declined 13% to 5.4 months, and active listings fell 20% to 101 condos.
Ala Moana-Kakaako Condos
Ala Moana-Kakaako condo sales increased 5% to 698 units, while the median price dipped 3% to $760,000. The median DOM rose 8% to 56 days. The bid-up percentage edged up 2% to 6.0%. MRI was essentially flat, dipping 1% to 8.6 months, and active listings increased 4% to 501 condos.
Makiki Condos
Makiki condo sales declined 11% to 253 units, while the median price fell 7% to $355,000. The median DOM increased 7% to 44 days. The bid-up percentage dropped 24% to 9.1%. MRI increased 22% to 6.3 months, and active listings rose 8% to 133 condos.
Waikiki Condos
Waikiki condo sales declined 11% to 871 units, while the median price slipped 2% to $440,000. The median DOM rose 33% to 48 days. The bid-up percentage fell 29% to 7.6%. MRI increased 24% to 9.2 months, and active listings climbed 10% to 670 condos.
Kapiolani-University Condos
Kapiolani-University condo sales increased 8% to 234 units, while the median price declined 7% to $385,000. The median DOM climbed 38% to 37 days. The bid-up percentage dropped 55% to 7.3%. MRI declined 6% to 6.8 months, and active listings rose 2% to 132 condos.
Diamond Head-Kahala Condos
Diamond Head-Kahala condo sales were unchanged at 114 units, while the median price fell 3% to $635,000. The median DOM jumped 130% to 58 days. The bid-up percentage declined 17% to 8.8%. MRI increased 15% to 5.8 months, and active listings rose 15% to 55 condos.
Hawaii Kai Condos
Hawaii Kai condo sales increased 7% to 152 units, while the median price declined 4% to $837,000. The median DOM surged 164% to 44 days. The bid-up percentage dropped 56% to 9.9%. MRI declined 17% to 5.5 months, and active listings fell 11% to 70 condos.
Kailua Condos
Kailua condo sales increased 13% to 104 units, while the median price declined 2% to $820,000. The median DOM rose 39% to 27 days. The bid-up percentage fell 22% to 14.4%. MRI declined 24% to 2.9 months, and active listings fell 14% to 25 condos.
Kaneohe Condos
Kaneohe condo sales declined 5% to 162 units, while the median price fell 2% to $660,000. The median DOM climbed 72% to 25 days. The bid-up percentage dropped 52% to 14.2%. MRI declined 44% to 2.2 months, and active listings fell 46% to 30 condos.
Leeward Condos
Leeward condo sales declined 15% to 126 units, while the median price increased 1% to $240,000. The median DOM slipped 6% to 42 days. The bid-up percentage increased 11% to 13.5%. MRI rose 21% to 9.1 months, and active listings increased 3% to 96 condos.
Ewa Condos
Ewa condo sales increased 7% to 372 units, while the median price fell 7% to $629,997. The median DOM climbed 46% to 41 days. The bid-up percentage dropped 19% to 26.1%. MRI rose 2% to 6.0 months, and active listings increased 9% to 187 condos.
Makakilo Condos
Makakilo condo sales increased 8% to 99 units, while the median price declined 3% to $533,000. The median DOM rose 21% to 35 days. The bid-up percentage increased 10% to 32.3%. MRI declined 23% to 3.4 months, and active listings fell 18% to 28 condos.
Waipahu Condos
Waipahu condo sales increased 17% to 172 units, while the median price declined 3% to $485,000. The median DOM jumped 122% to 40 days. The bid-up percentage dipped 4% to 25.6%. MRI increased 6% to 3.6 months, and active listings rose 24% to 51 condos.
Mililani Condos
Mililani condo sales declined 9% to 258 units, while the median price increased 1% to $516,000. The median DOM climbed 60% to 39 days. The bid-up percentage fell 24% to 26.0%. MRI declined 13% to 3.8 months, and active listings fell 21% to 82 condos.
Pearl City-Aiea Condos
Pearl City-Aiea condo sales declined 3% to 256 units, while the median price fell 10% to $435,000. The median DOM climbed 63% to 46 days. The bid-up percentage dropped 29% to 18.0%. MRI declined 14% to 4.4 months, and active listings fell 17% to 94 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.
