Oahu Real Estate Market Report – October 2025

O‘ahu’s housing market in October 2025 recorded steady single-family home sales and modest gains in condominium activity. Single-family home sales were flat year-over-year with 261 transactions, while condominium sales rose 9.4% from 405 to 443.

Properties continued to move at a more moderate pace compared to a year ago. Single-family homes spent a median of 26 days on the market, up from 16 days in October 2024, while condominiums recorded a median of 44 days, compared to 26 days last year.

October’s median sales price for single-family homes increased 5.7% year-over-year to $1,162,500, while the year-to-date median rose 4.5% from the same period in 2024 to $1,150,000. The condominium median sales price was up 1.9% to $535,000 this October, with the year-to-date median remaining even with last year at $510,000.

Single-family home sales declined 18.9% in the $700,000 to $999,999 range compared to a year ago. Sales at $1.9 million and above grew 38.7%, rising from 31 to 43 transactions. About 70% of those higher-priced sales closed below the original asking price, with sellers receiving a median of 94.4% of their list price. Just 25% of single-family home sales closed above the original asking price, compared to 31% last October.

In the condominium market, activity increased at both ends of the price spectrum. Sales under $299,999 rose 50.0% to 69 transactions, while sales at $700,000 and above climbed 21.0% to 127 transactions from 105 in October 2024. Ten percent of condo sales closed above the original asking price, down from 17% a year ago.

Sellers were slightly more active compared to last October, with single-family home listings rising 3.7% year-over-year to 309 and condominium listings gaining 7.4% to 641. New single-family home listings priced at $2 million and above nearly doubled, accounting for about one-quarter of all new listings for the month. This price range added 75 new listings compared to 43 a year ago, a 74.4% uptick. While new condo listings declined in several regions, overall volume received a boost from gains in the Metro, Makakilo, and Hawai‘i Kai regions.

Active inventory of single-family homes was closer to year-ago levels but varied by region, with Hawai‘i Kai and Kāne‘ohe recording the largest year-over-year increases, up 51.7% and 20.3%, respectively. The condominium market also offered buyers more options across most price points and regions, with inventory in Makakilo surging 186.7% and Waipahu up 100.0% compared to last year. Although average mortgage rates trended lower throughout the month, buyer activity showed only slight movement. Contract signings rose 4.0% in the single-family home market and 1.3% in the condominium market, with 260 and 323 pending sales, respectively.

Courtesy of the Honolulu Board of Realtors

Go to Market Report Top Page >