Oahu Real Estate Market Report – November 2025

O‘ahu’s housing market in November 2025 recorded mixed activity, with gains in single-family home sales and a modest decline in condominium transactions. Single-family home sales increased 18.7% year-over-year to 241, while condominium sales fell 7.3%, from 341 to 316.

The median sales price for single-family homes dipped 1.3% year-over-year to $1,100,000, while the year-to-date median rose 3.8% to $1,141,500. The condominium median sales price fell 8% to $487,450, and the year-to-date median eased 0.4% to $507,750.

Single-family home sales were strongest in the mid- and high-end price bands. Transactions in the $800,000 to $899,999 range more than doubled, rising from 14 to 33 closings, and sales priced at $2 million and above also increased significantly, rising from 16 to 34. In the condominium market, sales volume grew most sharply in the $100,000 to $399,999 price range, up 28.1% from 89 to 114 units. At the same time, condo sales at $500,000 and above declined 22.4% from last November, a shift that contributed to the month’s overall drop in the median sales price.

Competitive conditions remained steady for single-family homes but eased slightly for condos.Approximately 27% of single-family home sales closed above the original asking price, which was nearly unchanged from 26% last November. Fewer condos were sold above the original asking price, just 9% compared to 12% last year. Condo sellers also received slightly less relative to the list price, with the median percent of the original list price falling from 98.0% to 96.4%.

Properties continued to move at a slower pace compared to the same time last year. Single-family homes recorded a median of 27 days on the market, up from 24 days in November 2024, while condominiums spent a median of 40 days, compared to 32 days last year.

Pending sales indicated continued buyer activity, rising 12.4% from 234 to 263, in the single-family market. Pending condo sales also increased, up 3.7%, from 328 to 340, with the largest increases occurring in Central Oʻahu (+47.4%) and Waipahu (+63.6%).

Active single-family home inventory declined modestly, down 3.3% to 724 listings, with the largest drop in listings priced $800,000 to $1,099,999 (–25.0%). However, inventory in the $2 million and above range grew 15.5%, from 193 to 223 listings.

Active condo inventory ended November 11.5% higher than last year, at 2,284 units. Supply was most abundant in the $300,000 to $599,999 range, up 19.6% to 1,051 active listings. Sellers were less active this November, with new single-family home listings decreasing 8.1% to 273, and new condominium listings falling 12.2% to 525 units.

Courtesy of the Honolulu Board of Realtors

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