Oahu Real Estate Market Report – December 2025

O‘ahu’s housing market closed 2025 with signs of stability, shaped by steady mortgage rate movement, shifting affordability dynamics, and changing conditions in the condo market. While overall sales activity remained relatively flat compared to the prior year, buyers benefited from increased inventory and more choice, while sellers faced a more competitive environment. Our latest report summarizes key data from December 2025 and highlights trends that defined the full year. Here are the highlights from our report:

Compared to 2025:

• Combined single-family home and condo sales grew 0.6% year-over-year. Single-family home sales rose 3.5%, while condo sales declined 1.1%. In total, 2,890 single-family homes and 4,408 condos were sold in 2025.
• The median sales price for single-family homes increased 3.5% to $1,139,000, while the annual condo median price softened 1.5% to $507,250.
• Homes spent more time on the market, with median days on market increasing to 23 days for single-family homes and 44 days for condos.

In December 2025:

• Single-family home sales increased 18.4% year-over-year to 270 transactions, while condo sales rose 11.5% to 360.
• The median sales price for single-family homes increased 4.3% to $1,100,000, while the condo median price declined 5.2% to $512,000 following December 2024’s record high.
• Median days on market increased for condos from 36 to 44 days, while single-family homes saw a smaller change, rising from 20 to 22 days year-over-year.
• New listings declined in both markets, with single-family home listings down 7.9% and condo listings down 1.3% compared to last December.
• Active inventory for single-family homes declined 5.9% from year-end 2024 levels, while condo inventory remained higher than a year ago, up 12.3%.

Courtesy of the Honolulu Board of Realtors

Go to Market Report Top Page >