What Happened in the Oahu Real Estate Market in February 2026?
Demand for single-family homes remained steady in February 2026. Inventory continued to tighten, homes entered escrow in just over three weeks, and competitive pressure held firm with one in four sales closing above the asking price. Demand for resale condos was softer, with a longer median market time and more moderate competition.
“It was a steady February for the Oahu real estate market, with modest price growth and early signs of improving conditions for buyers,” said Interim Chief Executive Officer for Locations Chad Takesue. “As mortgage rates stabilize in the low six-percent range, buyers are gaining a bit more purchasing power as we move into the spring homebuying season.”
At just under 6%, mortgage rates are down from last year and recently dipped below this threshold. Lower borrowing costs are providing some relief for buyers, helping to support activity across both home and condo markets.
One in every four Oahu homes sold over the past 12 months was bid up over the asking price. Demand pressures remain widespread across the island. The strongest competition is in home markets such as East Honolulu and Kaneohe, where around 40 percent of homes sold exceeded the list price. West Honolulu and Waipahu also experienced firm demand, with more than one in three sales bid up. Even in softer home markets, including Nuuanu–Makiki and Hawaii Kai, roughly one in four homes were bid up. Competition was lowest on the North Shore, where 18 percent of homes sold above asking.
One in every eight Oahu condos sold over the past 12 months was bid up above the asking price, slightly fewer than last year. In most urban condo markets, fewer than one in 10 condos sold over asking. Competition was strongest in West Oahu, where bid-ups averaged about 25 percent. The highest levels of condo bid-ups were found in Makakilo and Mililani.
Buyers considering a home or condo may want to explore market areas with fewer bid-ups, where they may find greater negotiating leverage.
What Happened in Oahu Single-Family Home Markets in February 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 160 homes. The median price increased 7% to $1,100,000. The median DOM fell 3% to 18 days. The bid-up percentage rose 3% to 37.5%. MRI declined 58% to 1.4 months, while active listings fell 51% to 19 homes.
Nuuanu–Makiki Homes
Nuuanu–Makiki home sales increased 6% to 125 homes. The median price slipped 1% to $1,293,000. The median DOM rose 79% to 35 days. The bid-up percentage fell 19% to 23.2%. MRI increased 18% to 5.3 months, while active listings rose 25% to 55 homes.
Manoa Homes
Manoa home sales declined 4% to 68 homes. The median price fell 5% to $1,596,500. The median DOM fell 46% to 13 days. The bid-up percentage rose 39% to 29.4%. MRI declined 13% to 2.6 months, while active listings fell 17% to 15 homes.
Kaimuki Homes
Kaimuki home sales increased 13% to 150 homes. The median price slipped 2% to $1,250,000. The median DOM fell 18% to 14 days. The bid-up percentage fell 9% to 28.7%. MRI declined 8% to 2.3 months, while active listings rose 4% to 29 homes.
Waialae–Kahala Homes
Waialae–Kahala home sales declined 8% to 84 homes. The median price increased 9% to $2,597,500. The median DOM rose 71% to 24 days. The bid-up percentage fell 21% to 28.6%. MRI increased 44% to 2.9 months, while active listings rose 33% to 20 homes.
East Oahu Homes
East Oahu home sales increased 22% to 83 homes. The median price rose 4% to $2,000,000. The median DOM rose 6% to 18 days. The bid-up percentage rose 35% to 39.8%. MRI declined 22% to 3.2 months, while active listings fell 4% to 22 homes.
Hawaii Kai Homes
Hawaii Kai home sales increased 11% to 147 homes. The median price declined 4% to $1,610,000. The median DOM was unchanged at 16 days. The bid-up percentage fell 20% to 24.5%. MRI increased 10% to 3.2 months, while active listings rose 22% to 39 homes.
Kailua Homes
Kailua home sales increased 11% to 254 homes. The median price rose 3% to $1,700,000. The median DOM increased 18% to 17 days. The bid-up percentage fell 9% to 28.7%. MRI increased 12% to 2.4 months, while active listings rose 24% to 51 homes.
Kaneohe Homes
Kaneohe home sales declined 13% to 186 homes. The median price increased 4% to $1,300,000. The median DOM fell 13% to 14 days. The bid-up percentage rose 28% to 38.2%. MRI rose 41% to 2.8 months, while active listings grew 22% to 44 homes.
North Shore Homes
North Shore home sales rose 27% to 84 homes. The median price fell 1% to $1,573,896. The median DOM fell 23% to 29 days. The bid-up percentage fell 26% to 17.9%. MRI declined 27% to 5.4 months, while active listings slipped 7% to 38 homes.
Leeward Homes
Leeward home sales fell 8% to 217 homes. The median price slipped 1% to $660,000. The median DOM rose 30% to 48 days. The bid-up percentage rose 15% to 26.7%. MRI increased 18% to 6.6 months, while active listings rose 8% to 120 homes.
Ewa Homes
Ewa home sales declined 4% to 485 homes. The median price increased 4% to $932,000. The median DOM rose 59% to 35 days. The bid-up percentage fell 3% to 28.9%. MRI declined 27% to 2.6 months, while active listings fell 30% to 105 homes.
Makakilo Homes
Makakilo home sales rose 19% to 113 homes. The median price increased 2% to $1,075,000. The median DOM increased 27% to 33 days. The bid-up percentage rose 22% to 28.3%. MRI declined 32% to 2.7 months, while active listings fell 19% to 25 homes.
Waipahu Homes
Waipahu home sales declined 8% to 173 homes. The median price fell 1% to $950,000. The median DOM rose 13% to 17 days. The bid-up percentage was unchanged at 39.9%. MRI declined 51% to 0.9 months, while active listings fell 55% to 13 homes.
Mililani Homes
Mililani home sales increased 6% to 153 homes. The median price rose 3% to $1,100,000. The median DOM rose 25% to 20 days. The bid-up percentage fell 3% to 34.0%. MRI declined 53% to 0.9 months, while active listings fell 50% to 12 homes.
Pearl City–Aiea Homes
Pearl City–Aiea home sales declined 5% to 218 homes. The median price was flat at $1,100,000. The median DOM rose 8% to 14 days. The bid-up percentage fell 11% to 32.1%. MRI was unchanged at 1.4 months, while active listings fell 4% to 26 homes.
What Happened in Oahu Condo Markets in February 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 2% to 152 units. The median price fell 6% to $399,950. The median DOM rose 71% to 50 days. The bid-up percentage fell 50% to 11.2%. MRI declined 5% to 5.1 months, while active listings fell 3% to 65 condos.
Downtown–Nuuanu Condos
Downtown–Nuuanu condo sales declined 8% to 230 units. The median price fell 4% to $380,000. The median DOM rose 80% to 58 days. The bid-up percentage fell 17% to 10.0%. MRI increased 20% to 6.4 months, while active listings rose 11% to 123 condos.
Ala Moana–Kakaako Condos
Ala Moana–Kakaako condo sales rose 7% to 689 units. The median price declined 2% to $760,000. The median DOM increased 14% to 58 days. The bid-up percentage fell 9% to 5.8%. MRI declined 3% to 8.5 months, while active listings rose 3% to 490 condos.
Makiki Condos
Makiki condo sales declined 3% to 267 units. The median price fell 8% to $348,000. The median DOM rose 19% to 46 days. The bid-up percentage fell 49% to 6.7%. MRI increased 5% to 5.3 months, while active listings rose 3% to 119 condos.
Waikiki Condos
Waikiki condo sales declined 9% to 897 units. The median price slipped 2% to $443,000. The median DOM rose 38% to 47 days. The bid-up percentage fell 29% to 8.0%. MRI increased 29% to 8.9 months, while active listings rose 17% to 662 condos.
Kapiolani–University Condos
Kapiolani–University condo sales declined 1% to 226 units. The median price slipped 5% to $387,500. The median DOM rose 40% to 37 days. The bid-up percentage fell 54% to 7.5%. MRI increased 24% to 7.1 months, while active listings rose 23% to 134 condos.
Diamond Head–Kahala Condos
Diamond Head–Kahala condo sales rose 2% to 114 units. The median price fell 5% to $625,000. The median DOM rose 208% to 62 days. The bid-up percentage fell 32% to 7.9%. MRI declined 11% to 5.8 months, while active listings fell 10% to 55 condos.
Hawaii Kai Condos
Hawaii Kai condo sales increased 12% to 157 units. The median price was unchanged at $835,000. The median DOM rose 140% to 42 days. The bid-up percentage fell 46% to 11.5%. MRI declined 19% to 4.6 months, while active listings fell 9% to 60 condos.
Kailua Condos
Kailua condo sales rose 15% to 107 units. The median price slipped 2% to $819,000. The median DOM rose 11% to 21 days. The bid-up percentage fell 13% to 15.0%. MRI declined 13% to 2.7 months, while active listings were unchanged at 24 condos.
Kaneohe Condos
Kaneohe condo sales declined 9% to 157 units. The median price fell 3% to $660,000. The median DOM rose 60% to 24 days. The bid-up percentage fell 54% to 13.4%. MRI declined 27% to 2.6 months, while active listings fell 33% to 34 condos.
Leeward Condos
Leeward condo sales declined 15% to 124 units. The median price fell 4% to $230,000. The median DOM fell 7% to 42 days. The bid-up percentage rose 18% to 13.7%. MRI increased 20% to 10.4 months, while active listings rose 2% to 107 condos.
Ewa Condos
Ewa condo sales increased 10% to 379 units. The median price fell 7% to $635,000. The median DOM rose 41% to 41 days. The bid-up percentage fell 17% to 25.9%. MRI declined 1% to 5.3 months, while active listings rose 9% to 168 condos.
Makakilo Condos
Makakilo condo sales increased 3% to 94 units. The median price fell 4% to $538,500. The median DOM rose 45% to 41 days. The bid-up percentage was unchanged at 31.9%. MRI declined 18% to 3.6 months, while active listings fell 15% to 28 condos.
Waipahu Condos
Waipahu condo sales increased 16% to 170 units. The median price fell 2% to $485,000. The median DOM rose 131% to 37 days. The bid-up percentage fell 16% to 24.1%. MRI increased 5% to 3.9 months, while active listings rose 22% to 55 condos.
Mililani Condos
Mililani condo sales declined 14% to 254 units. The median price fell 1% to $507,500. The median DOM rose 42% to 34 days. The bid-up percentage fell 13% to 28.3%. MRI increased 13% to 3.7 months, while active listings fell 4% to 78 condos.
Pearl City–Aiea Condos
Pearl City–Aiea condo sales declined 3% to 260 units. The median price fell 10% to $433,750. The median DOM rose 76% to 44 days. The bid-up percentage fell 23% to 19.6%. MRI declined 3% to 4.6 months, while active listings fell 6% to 100 condos.
