What Happened in the Oahu Real Estate Market in April 2026?
Oahu’s housing market continued to show strong single-family home demand alongside a gradually improving condo market.
Oahu’s real estate market continued to show two distinct trends in April 2026: strong competition in the single-family home market and a gradually improving resale condo market. While affordability challenges and higher mortgage rates continue to shape buyer behavior across Hawaii, demand for homes on Oahu has remained steady, especially in neighborhoods with limited inventory.
For buyers, sellers, and homeowners trying to understand where the market is heading, April’s data offers a clearer picture of pricing trends, inventory levels, buyer competition, and how conditions vary across Oahu communities.
Direct Answer
In April 2026, Oahu’s single-family home market remained significantly more competitive than the resale condo market. Homes sold faster, inventory stayed tighter, and more buyers competed above asking price compared to condos. At the same time, the condo market showed signs of gradual improvement, with inventory tightening and market times improving in several areas.
“The Oahu real estate market has been keeping a steady pace in 2026,” said Interim Chief Executive Officer for Locations Chad Takesue. “The single-family home market continues to outperform the resale condo market by many measures. Homes are selling in half the time of condos, and the home market is twice as competitive as the resale condo market.”
Takesue went on to say that, though softer, the resale condo is gradually strengthening. The divergence between the home and condo markets that characterized 2025 is reversing, and available resale condo inventory is now four percent below last year’s level.
Although there is still question of the long-term effects that the Administration’s actions and global conflicts will have on the housing industry, it appears that mortgage rates have already priced in the involved risk. Mortgage rates are now expected to stay within the 6.0% to 6.5% range.
“Despite the continued challenges of high prices, low affordability, and the instability of geopolitical conditions, demand remains steady, suggesting stable sales activity and the possibility of moderate price increases this year," he added.
Why the Oahu Home Market Remains More Competitive
Homes Are Selling Faster
Single-family homes spent a median of just 24 days on the market in April 2026. Resale condos took significantly longer, with a median market time of 41 days.
This difference often reflects buyer priorities in Hawaii, where many households continue to place a premium on larger living spaces, yards, multigenerational flexibility, and long-term ownership potential.
More Buyers Are Competing for Homes
Competition also remained much stronger in the home market.
- 32.6% of homes sold above asking price
- 16% of condos sold above asking price
In practical terms, about one in every three homes sold over asking price, compared to roughly one in six condos.
Condo Market Conditions Are Gradually Improving
Condo Inventory Is Tightening
- 749 single-family homes were available for sale
- 2,483 condos were available for sale
While condo inventory remains elevated compared to homes, available condo supply is now four percent lower than one year ago.
This shift may indicate that the imbalance between the two markets is beginning to narrow.
Neighborhood-Level Trends Across Oahu in April 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 and condo market areas, looking at the past 12 months.
Oahu Single-Family Home Market Update
Key single-family home market trends across Oahu regions:
West Honolulu Homes
West Honolulu home sales rose 13% to 160 homes. The median price increased 7% to $1,100,000. The median DOM rose 6% to 18 days. The bid-up percentage climbed 11% to 39.4%. MRI declined 51% to 1.6 months, while active listings fell 45% to 21 homes.
Nuuanu-Makiki Homes
Nuuanu-Makiki home sales increased 9% to 127 homes. The median price rose 2% to $1,320,000. The median DOM jumped 106% to 35 days. The bid-up percentage fell 14% to 23.6%. MRI declined 1% to 5.2 months, while active listings rose 8% to 55 homes.
Manoa Homes
Manoa home sales increased 4% to 71 homes. The median price declined 1% to $1,658,000. The median DOM fell 30% to 13 days. The bid-up percentage increased 13% to 28.2%. MRI rose 16% to 2.9 months, while active listings increased 21% to 17 homes.
Kaimuki Homes
Kaimuki home sales increased 15% to 149 homes. The median price declined 5% to $1,250,000. The median DOM fell 18% to 14 days. The bid-up percentage declined 6% to 28.9%. MRI declined 10% to 2.4 months, while active listings rose 3% to 30 homes.
Waialae-Kahala Homes
Waialae-Kahala home sales declined 22% to 74 homes. The median price increased 11% to $2,660,000. The median DOM jumped 71% to 24 days. The bid-up percentage fell 13% to 28.4%. MRI rose 19% to 4.1 months, while active listings declined 7% to 25 homes.
East Oahu Homes
East Oahu home sales increased 11% to 78 homes. The median price declined 5% to $1,865,000. The median DOM rose 3% to 19 days. The bid-up percentage climbed 5% to 34.6%. MRI declined 30% to 2.8 months, while active listings fell 22% to 18 homes.
Hawaii Kai Homes
Hawaii Kai home sales were unchanged at 139 homes. The median price declined 2% to $1,610,000. The median DOM increased 25% to 20 days. The bid-up percentage fell 18% to 23.7%. MRI rose 6% to 3.2 months, while active listings increased 6% to 37 homes.
Kailua Homes
Kailua home sales increased 14% to 255 homes. The median price rose 4% to $1,700,000. The median DOM increased 20% to 18 days. The bid-up percentage increased 6% to 29.4%. MRI declined 4% to 2.8 months, while active listings increased 9% to 59 homes.
Kaneohe Homes
Kaneohe home sales declined 12% to 186 homes. The median price increased 4% to $1,300,000. The median DOM fell 13% to 14 days. The bid-up percentage increased 28% to 39.2%. MRI rose 32% to 3.4 months, while active listings climbed 16% to 52 homes.
North Shore Homes
North Shore home sales rose 10% to 80 homes. The median price increased 1% to $1,560,000. The median DOM increased 2% to 32 days. The bid-up percentage fell 32% to 15.0%. MRI declined 18% to 6.3 months, while active listings dropped 11% to 42 homes.
Leeward Homes
Leeward home sales were unchanged at 224 homes. The median price declined 1% to $660,000. The median DOM rose 2% to 43 days. The bid-up percentage increased 19% to 28.1%. MRI declined 9% to 5.3 months, while active listings fell 9% to 99 homes.
Ewa Homes
Ewa home sales increased 15% to 523 homes. The median price rose 2% to $935,000. The median DOM jumped 43% to 33 days. The bid-up percentage declined 12% to 27.5%. MRI declined 28% to 3.1 months, while active listings fell 16% to 137 homes.
Makakilo Homes
Makakilo home sales rose 21% to 122 homes. The median price declined 2% to $1,055,000. The median DOM jumped 50% to 35 days. The bid-up percentage increased 8% to 27.9%. MRI declined 49% to 1.9 months, while active listings fell 39% to 19 homes.
Waipahu Homes
Waipahu home sales declined 6% to 178 homes. The median price fell 1% to $948,750. The median DOM rose 18% to 17 days. The bid-up percentage edged down 1% to 40.4%. MRI declined 19% to 1.6 months, while active listings dropped 23% to 23 homes.
Mililani Homes
Mililani home sales increased 1% to 154 homes. The median price rose 4% to $1,100,000. The median DOM increased 19% to 19 days. The bid-up percentage climbed 19% to 37.7%. MRI declined 71% to 0.8 months, while active listings fell 71% to 10 homes.
Pearl City-Aiea Homes
Pearl City-Aiea home sales increased 4% to 224 homes. The median price increased 5% to $1,137,000. The median DOM rose 8% to 14 days. The bid-up percentage fell 9% to 31.7%. MRI declined 11% to 1.4 months, while active listings fell 7% to 26 homes.
Here's a detailed breakdown of key Oahu condo market areas, looking at the past 12 months:
Oahu Condo Market Update Oahu Condo Market UpdateOahu Condo Market Update
Key condo market trends across Oahu regions:
Salt Lake Condos
Salt Lake condo sales increased 10% to 156 units. The median price declined 2% to $401,000. The median DOM rose 68% to 55 days. The bid-up percentage dropped 42% to 10.3%. MRI declined 30% to 5.7 months, while active listings fell 23% to 74 condos.
Downtown-Nuuanu Condos
Downtown-Nuuanu condo sales declined 1% to 242 units. The median price fell 3% to $379,000. The median DOM climbed 68% to 57 days. The bid-up percentage dropped 16% to 10.3%. MRI declined 19% to 5.5 months, while active listings fell 20% to 110 condos.
Ala Moana-Kakaako Condos
Ala Moana-Kakaako condo sales increased 10% to 710 units. The median price dipped 1% to $761,000. The median DOM was unchanged at 54 days. The bid-up percentage increased 8% to 6.3%. MRI declined 12% to 8.4 months, while active listings fell 3% to 498 condos.
Makiki Condos
Makiki condo sales declined 8% to 253 units. The median price fell 8% to $350,000. The median DOM was unchanged at 42 days. The bid-up percentage declined 5% to 10.3%. MRI increased 2% to 6.0 months, while active listings fell 7% to 127 condos.
Waikiki Condos
Waikiki condo sales declined 11% to 848 units. The median price slipped 1% to $445,000. The median DOM rose 36% to 49 days. The bid-up percentage fell 32% to 7.3%. MRI increased 17% to 9.7 months, while active listings rose 3% to 687 condos.
Kapiolani-University Condos
Kapiolani-University condo sales increased 6% to 228 units. The median price declined 4% to $390,000. The median DOM climbed 30% to 35 days. The bid-up percentage dropped 51% to 7.9%. MRI increased 1% to 7.5 months, while active listings rose 7% to 143 condos.
Diamond Head-Kahala Condos
Diamond Head-Kahala condo sales declined 7% to 112 units. The median price fell 4% to $642,500. The median DOM jumped 130% to 58 days. The bid-up percentage declined 4% to 8.0%. MRI declined 9% to 5.5 months, while active listings fell 15% to 51 condos.
Hawaii Kai Condos
Hawaii Kai condo sales increased 8% to 155 units. The median price declined 4% to $835,000. The median DOM surged 150% to 45 days. The bid-up percentage dropped 57% to 9.0%. MRI declined 18% to 5.8 months, while active listings fell 11% to 75 condos.
Kailua Condos
Kailua condo sales increased 11% to 101 units. The median price declined 2% to $820,000. The median DOM rose 58% to 30 days. The bid-up percentage fell 43% to 11.9%. MRI declined 20% to 3.7 months, while active listings fell 11% to 31 condos.
Kaneohe Condos
Kaneohe condo sales declined 12% to 151 units. The median price fell 4% to $652,500. The median DOM climbed 86% to 26 days. The bid-up percentage dropped 48% to 14.6%. MRI declined 33% to 3.1 months, while active listings fell 41% to 39 condos.
Leeward Condos
Leeward condo sales declined 13% to 124 units. The median price increased 4% to $244,000. The median DOM rose 14% to 42 days. The bid-up percentage increased 4% to 14.5%. MRI increased 11% to 9.9 months, while active listings fell 4% to 102 condos.
Ewa Condos
Ewa condo sales increased 4% to 372 units. The median price fell 7% to $631,000. The median DOM climbed 37% to 41 days. The bid-up percentage dropped 19% to 25.5%. MRI increased 7% to 6.8 months, while active listings rose 12% to 211 condos.
Makakilo Condos
Makakilo condo sales increased 4% to 99 units. The median price declined 5% to $524,000. The median DOM rose 46% to 38 days. The bid-up percentage increased 39% to 39.4%. MRI declined 4% to 3.9 months, while active listings were unchanged at 32 condos.
Waipahu Condos
Waipahu condo sales increased 18% to 177 units. The median price declined 2% to $485,000. The median DOM jumped 59% to 35 days. The bid-up percentage dipped 3% to 26.0%. MRI declined 29% to 3.4 months, while active listings fell 17% to 50 condos.
Mililani Condos
Mililani condo sales declined 3% to 266 units. The median price increased 1% to $515,000. The median DOM climbed 38% to 36 days. The bid-up percentage fell 21% to 25.9%. MRI declined 6% to 4.1 months, while active listings fell 9% to 91 condos.
Pearl City-Aiea Condos
Pearl City-Aiea condo sales declined 9% to 249 units. The median price fell 9% to $430,000. The median DOM climbed 64% to 46 days. The bid-up percentage dropped 31% to 17.7%. MRI declined 13% to 4.4 months, while active listings fell 21% to 92 condos.
What Buyers and Sellers Should Watch
For Buyers
- Competition remains strongest for well-priced single-family homes
- Some condo markets may offer more negotiating flexibility
- Neighborhood conditions can vary significantly across Oahu
For Sellers
- Accurate pricing remains important as buyers compare affordability carefully
- Well-prepared and properly marketed homes continue to attract attention quickly
- Condo sellers may benefit from emphasizing value and long-term ownership advantages
Frequently Asked Questions
Is Oahu still a competitive housing market?
Yes. Single-family homes continue to see strong demand, especially in neighborhoods with limited inventory.
Are condo prices declining across Oahu?
Condo prices softened in several urban markets, though some areas remained relatively stable or experienced slight growth.
What does MRI mean in real estate?
MRI stands for Months of Remaining Inventory and measures how long it would take to sell all current listings at the current pace of sales.
Why are homes selling faster than condos?
Many buyers continue prioritizing larger living spaces, yards, and long-term ownership flexibility.
Have Questions About Your Neighborhood?
Market conditions can vary significantly across Oahu communities. Speaking with a local Hawaii real estate professional can help you better understand pricing trends, competition, and opportunities in your area.
Explore Oahu Real EstateGlossary
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 during the period.
Months of Remaining Inventory (MRI): The number of months it would take to sell the current active inventory at the recent pace of sales.
Market statistics are based on data available at the time of publication and are subject to revision. Real estate conditions can vary significantly by neighborhood, property type, price range, and financing conditions. This article is intended for informational purposes only and should not be considered legal, tax, or financial advice.
