Oahu Real Estate Market Update – October 2026
Single-family homes are selling in record time in 2026, compared to recent years, while competition for available homes continues to put pressure on prices.
The Oahu residential real estate market continued to show two distinct trends in October 2026. The median single-family home price was unchanged from a year ago at $1,170,000, while the median condo price decreased 6% to $498,000. Year to date, median home prices are up 3%, while condo prices are flat.
October sales declined 10% for single-family homes and 24% for condos compared with the same month last year, which saw unusually high activity. Year to date, home sales are up 3%, while condo sales are down 5%. Single-family homes continued to sell much faster than condos, with a median of 18 days on the market compared with 47 days for condos.
Inventory remained relatively tight for single-family homes, with 864 homes and 2,680 resale condos available at the end of October. Home inventory was up 5% from a year ago, while condo inventory increased 11%. Months of remaining inventory stood at 3.5 months for homes and 7.6 months for condos.
Competition remained stronger in the single-family market: 34.8% of homes sold above asking price in October, compared with 16.1% of condos. Demand for homes was 14% higher than last year, while condo demand was 5% higher.
Key Takeaways
- Median single-family home price was unchanged year over year at $1,170,000.
- Median condo price decreased 6% to $498,000.
- Year to date, median home prices are up 3%, while condo prices are flat.
- October home sales declined 10% compared with October 2025, while condo sales declined 24%.
- Year to date, home sales are up 3%, while condo sales are down 5%.
- There were 864 homes and 2,680 resale condos available for sale at the end of October. Home inventory was up 5% from last year, while condo inventory increased 11%.
- Months of remaining inventory stood at 3.5 months for homes and 7.6 months for condos.
- Single-family homes sold in a median of 18 days, while condos sold in a median of 47 days.
- 34.8% of homes and 16.1% of condos sold above asking price in October. Demand for homes was 14% higher than last year, while condo demand was 5% higher.
Single-Family Homes Selling in Record Time
Single-family homes continued to move quickly in October, spending a median of just 18 days on the market. Months of remaining inventory remained low at 3.5, pointing to continued strong demand and limited supply.
More than one in three single-family homes—34.8%—sold above asking price in October. Demand for homes was 14% higher than last year, underscoring continued competition for available properties.
Although the median single-family home price was unchanged from a year ago at $1,170,000, conditions vary by neighborhood, price point and property type.
“We continue to see a two-tiered market on Oahu, with single-family homes selling in record time this year and condos lagging behind with more than twice the available inventory. Sales were lower in both markets compared to a year ago. However, 34.8 percent of homes sold above asking price, compared to 16.1 percent of condos—underscoring stronger demand and shorter supply for homes.”
— Chad Takesue, Interim CEO, Locations
Where Single-Family Home Demand Is Strongest
West Oahu continues to show strong demand for single-family homes. Mililani and Pearl City-Aiea have some of the tightest inventory, with 2.0 and 1.8 months of remaining inventory, respectively, indicating very strong demand.
Waipahu also has just 1.8 months of remaining inventory, while West Honolulu has 2.1 months. These lower inventory levels point to a more competitive environment for buyers.
The softest local markets for single-family homes, based on inventory, are East Oahu and Leeward, each with 7.3 months of remaining inventory. Higher inventory levels indicate more available choices for buyers and less competition than in tighter markets.
Resale Condo Market Remains Softer
The Oahu resale condo market continued to face softer conditions in October. The median condo price decreased 6% year over year to $498,000, while sales declined 24% compared with October 2025.
Condos spent a median of 47 days on the market, compared with 18 days for single-family homes. At 7.6 months of remaining inventory, condo buyers have more options than homebuyers.
Even in the softer condo market, 16.1% of units sold above asking price in October. Year to date, condo prices are flat and sales are down 5%.
Inventory also remains elevated compared with the single-family market, with 2,680 resale condos available at the end of October, up 11% from a year ago.
Looking Ahead to 2027
Looking toward 2027, a key question is whether borrowing costs will ease enough to improve affordability. Inflation remains elevated despite economic growth and low unemployment. Mortgage interest rates have moved down in recent weeks, falling from 7.40% to 7.24%, but remain well above the 6.20% rate seen a year earlier.
Lower rates could support increased buying activity, while persistent inflation and a prolonged conflict in Iran could further hamper affordability and suppress market activity. Following the midterm elections, bond yields have moved lower, which could put downward pressure on mortgage rates. It remains to be seen whether that trend will continue into the new year.
Neighborhood-Level Trends Across Oahu in October 2026
Market statistics can vary greatly by neighborhood, so it's important to consult a knowledgeable Realtor® who has access to market-level data.
Oahu Single-Family Home Market Update
Here's a detailed breakdown of key Oahu single-family home market areas, looking at the past 12 months.
Key single-family home market trends across Oahu regions:
West Honolulu Homes
Single-family home sales in West Honolulu declined 10% to 146 over the past 12 months. The median sales price increased 11% to $1,170,000. Homes sold more quickly, with median days on market decreasing 24% to 14 days. The share of homes selling above asking price was nearly unchanged at 39.7%. Months of remaining inventory declined 4% to 2.1 months, while active listings fell 13% to 26.
Nuuanu-Makiki Homes
Sales in Nuuanu-Makiki increased 45% to 154. The median sales price rose 2% to $1,319,000, while median days on market decreased 6% to 31 days. The percentage of homes selling above asking price declined 6% to 24.0%. Months of remaining inventory dropped 55% to 3.5 months, and active listings decreased 35% to 45.
Manoa Homes
Manoa recorded a 24% increase in single-family home sales to 82. The median sales price was essentially unchanged at $1,654,000. Median days on market increased 7% to 15 days, while the share of homes selling above asking price declined 27% to 24.4%. Months of remaining inventory increased 18% to 2.8 months, and active listings rose 46% to 19.
Kaimuki Homes
Single-family home sales in Kaimuki decreased 3% to 146. The median sales price increased 4% to $1,300,000, while median days on market remained unchanged at 14 days. The percentage of homes selling above asking price increased 36% to 39.7%. Months of remaining inventory declined 5% to 2.7 months, and active listings decreased 8% to 33.
Waialae-Kahala Homes
Sales in Waialae-Kahala declined 19% to 77. The median sales price increased 2% to $2,620,000, while median days on market decreased 17% to 19 days. The share of homes selling above asking price rose 14% to 32.5%. Months of remaining inventory increased 23% to 3.3 months, and active listings remained unchanged at 21.
East Oahu Homes
Single-family home sales in East Oahu fell 21% to 61. The median sales price increased 11% to $1,970,000. Median days on market rose 11% to 21 days, while the share of homes selling above asking price declined 51% to 19.7%. Months of remaining inventory nearly doubled, increasing 95% to 7.3 months. Active listings rose 54% to 37.
Hawaii Kai Homes
Hawaii Kai recorded a 3% decrease in home sales to 139. The median sales price declined 2% to $1,625,000, while median days on market remained unchanged at 16 days. The percentage of homes selling above asking price increased 6% to 28.1%. Months of remaining inventory rose 19% to 4.5 months, and active listings increased 16% to 52.
Kailua Homes
Single-family home sales in Kailua increased 6% to 264. The median sales price rose 3% to $1,730,000, while median days on market decreased 11% to 16 days. The share of homes selling above asking price increased 3% to 28.4%. Months of remaining inventory rose 19% to 3.5 months, and active listings increased 27% to 76.
Kaneohe Homes
Kaneohe home sales increased 9% to 210. The median sales price was essentially unchanged at $1,281,500. Median days on market decreased 19% to 13 days, while the share of homes selling above asking price edged down 3% to 36.7%. Months of remaining inventory increased 43% to 4.2 months, and active listings rose 55% to 73.
North Shore Homes
North Shore home sales increased 3% to 76. The median sales price rose 23% to $1,800,000, while median days on market dropped 46% to 23 days. The percentage of homes selling above asking price declined 20% to 11.8%. Months of remaining inventory decreased 27% to 5.7 months, and active listings fell 25% to 36.
Leeward Homes
Sales in Leeward Oahu declined 6% to 205. The median sales price decreased 4% to $645,000. Median days on market fell 16% to 38 days, while the share of homes selling above asking price increased 10% to 28.8%. Months of remaining inventory rose 22% to 7.3 months, and active listings increased 15% to 124.
Ewa Homes
Ewa recorded a 22% increase in single-family home sales to 563. The median sales price rose 2% to $950,000. Median days on market decreased 34% to 22 days, while the percentage of homes selling above asking price increased 10% to 31.4%. Months of remaining inventory declined 12% to 2.7 months, and active listings increased 8% to 128.
Makakilo Homes
Single-family home sales in Makakilo increased 6% to 117. The median sales price declined 7% to $1,030,000, while median days on market decreased 2% to 29 days. The share of homes selling above asking price increased 22% to 33.3%. Months of remaining inventory fell 40% to 2.4 months, and active listings declined 36% to 23.
Waipahu Homes
Waipahu home sales decreased 9% to 170. The median sales price remained unchanged at $960,000, while median days on market declined 26% to 14 days. The percentage of homes selling above asking price increased 11% to 38.8%. Months of remaining inventory edged up 2% to 1.8 months, and active listings fell 7% to 26.
Mililani Homes
Mililani recorded a 16% increase in single-family home sales to 168. The median sales price remained unchanged at $1,100,000. Median days on market dropped 52% to 12 days, while the share of homes selling above asking price increased 58% to 45.8%. Months of remaining inventory rose 34% to 2.0 months, and active listings increased 56% to 28.
Pearl City-Aiea Homes
Single-family home sales in Pearl City-Aiea increased 5% to 218. The median sales price rose 8% to $1,150,000, while median days on market decreased 7% to 13 days. The percentage of homes selling above asking price increased 31% to 41.7%. Months of remaining inventory declined 8% to 1.8 months, and active listings decreased 3% to 33.
Oahu Condo Market Update
Here's a detailed breakdown of key Oahu condo market areas, looking at the past 12 months.
Key condo market trends across Oahu regions:
Salt Lake Condos
Condo sales in Salt Lake declined 5% to 137 over the past 12 months. The median sales price increased 2% to $410,000, while median days on market remained essentially unchanged at 51 days. The share of condos selling above asking price increased 5% to 10.9%. Months of remaining inventory edged up 1% to 6.6 months, while active listings decreased 4% to 75.
Downtown-Nuuanu Condos
Sales in Downtown-Nuuanu declined 11% to 212. The median sales price decreased 6% to $360,000, while median days on market fell 4% to 48 days. The percentage of condos selling above asking price increased 17% to 10.8%. Months of remaining inventory declined 10% to 6.2 months, and active listings decreased 20% to 110.
Ala Moana-Kakaako Condos
Ala Moana-Kakaako condo sales increased 7% to 739. The median sales price rose 5% to $795,000, while median days on market decreased 9% to 51 days. The share of condos selling above asking price remained unchanged at 6.4%. Months of remaining inventory increased 12% to 10.1 months, and active listings rose 20% to 619.
Makiki Condos
Condo sales in Makiki increased 3% to 264. The median sales price rose 4% to $365,000, while median days on market decreased 21% to 39 days. The percentage of condos selling above asking price increased 29% to 10.6%. Months of remaining inventory rose 18% to 6.3 months, and active listings increased 22% to 139.
Waikiki Condos
Waikiki condo sales declined 20% to 742. The median sales price increased 6% to $470,000, while median days on market rose 14% to 53 days. The share of condos selling above asking price decreased 17% to 7.3%. Months of remaining inventory increased 62% to 12.2 months, and active listings rose 29% to 756.
Kapiolani-University Condos
Sales in Kapiolani-University declined 2% to 222. The median sales price decreased 6% to $375,000, while median days on market increased 6% to 43 days. The percentage of condos selling above asking price edged down 3% to 8.6%. Months of remaining inventory increased 7% to 7.1 months, and active listings rose 5% to 132.
Diamond Head-Kahala Condos
Condo sales in Diamond Head-Kahala declined 2% to 115. The median sales price increased 5% to $660,000, while median days on market decreased 14% to 38 days. The share of condos selling above asking price rose 2% to 6.1%. Months of remaining inventory decreased 2% to 5.0 months, and active listings fell 4% to 48.
Hawaii Kai Condos
Hawaii Kai condo sales declined 7% to 142. The median sales price decreased 7% to $790,000, while median days on market increased 41% to 48 days. The percentage of condos selling above asking price fell 55% to 7.0%. Months of remaining inventory rose 14% to 7.1 months, and active listings increased 6% to 84.
Kailua Condos
Condo sales in Kailua declined 18% to 87. The median sales price fell 7% to $766,000, while median days on market increased 37% to 35 days. The share of condos selling above asking price decreased 32% to 11.5%. Months of remaining inventory increased 66% to 4.1 months, and active listings rose 36% to 30.
Kaneohe Condos
Kaneohe condo sales decreased 12% to 148. The median sales price increased 5% to $681,500, while median days on market rose 29% to 27 days. The percentage of condos selling above asking price increased 22% to 20.9%. Months of remaining inventory remained unchanged at 4.1 months, and active listings declined 12% to 51.
Leeward Condos
Sales in Leeward declined 2% to 128. The median sales price increased 3% to $232,500, while median days on market rose 14% to 48 days. The share of condos selling above asking price decreased 21% to 14.1%. Months of remaining inventory fell 31% to 6.8 months, and active listings declined 32% to 73.
Ewa Condos
Ewa condo sales decreased 4% to 355. The median sales price declined 6% to $605,000, while median days on market remained unchanged at 40 days. The percentage of condos selling above asking price fell 10% to 24.8%. Months of remaining inventory increased 30% to 7.5 months, and active listings rose 25% to 221.
Makakilo Condos
Condo sales in Makakilo declined 1% to 93. The median sales price decreased 4% to $525,000, while median days on market fell 14% to 30 days. The share of condos selling above asking price increased 21% to 38.7%. Months of remaining inventory declined 37% to 3.5 months, and active listings fell 37% to 27.
Waipahu Condos
Waipahu condo sales increased 11% to 173. The median sales price decreased 3% to $480,000, while median days on market remained unchanged at 29 days. The percentage of condos selling above asking price rose 37% to 28.9%. Months of remaining inventory declined 45% to 2.9 months, and active listings fell 39% to 42.
Mililani Condos
Mililani condo sales increased 8% to 269. The median sales price rose 2% to $524,000, while median days on market decreased 6% to 31 days. The share of condos selling above asking price increased 2% to 30.9%. Months of remaining inventory rose 12% to 4.4 months, and active listings increased 21% to 98.
Pearl City-Aiea Condos
Pearl City-Aiea condo sales increased 7% to 265. The median sales price declined 10% to $415,000, while median days on market rose 14% to 44 days. The percentage of condos selling above asking price edged down 3% to 20.0%. Months of remaining inventory decreased 24% to 4.4 months, and active listings fell 18% to 97.
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 seller's market and MRI above 6 months indicates more of a buyer's market.
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