Oahu Real Estate Market Report – March 2026

Properties priced at $500,000 and below accounted for 178 sales in March and 473 year-to-date, with 1,138 active listings available in that price range.

Single-family home sales rose 26.2% year-over-year to 260 transactions, compared to 206 sales a year ago, while condo sales declined 4.9% to 351 transactions from 369 in March 2025. Through the first quarter, single-family home sales are up 10.9% compared to the same period last year, while condo sales are down 3.6% year-to-date.

Sales activity in March shifted across price points in the single-family home market, with transactions at $999,999 and below rising 31.9% year-over-year, from 69 to 91. At higher price points, sales in the $1,000,000 and above range increased from 137 to 169 transactions. In the condo market, activity was mixed across price ranges, with nearly 50% of sales occurring in the $300,000 to $599,999 segment. The $700,000 to $799,999 range recorded the largest increase, rising 62.5% from 24 to 39 sales.

Median sales prices in March reflected modest year-over-year increases in both markets. The single-family home median rose 3.4% compared to March 2025, while the condo median increased 2.0% to $510,000.

Properties in both markets spent slightly more time on the market compared to a year ago. Despite the increase, the median days on market for single-family homes remained under one month at 21 days, compared to 15 days last year. In contrast, median days on market for condos rose from 40 to 43 days, indicating slightly more time for buyers to evaluate available options.

Buyer activity was slightly down in March, which may reflect a combination of factors, including higher mortgage rates and recent weather-related impacts from the recent Kona low systems. Both markets saw fewer contract signings, with pending sales in the single-family home market falling 7.5% year-over-year to 245 and condos pending sales declining 6.2% to 394.

New listings for single-family homes fell 13.5% year-over-year to 326 in March, while condo new listings decreased 15.5% to 667. Active inventory for single-family homes remained limited, down 10.6% compared to last year, while condo inventory was relatively unchanged, dipping 0.3%.

Twenty-six percent of single-family home sales closed above the original asking price, compared to 29% a year ago, with sellers receiving a median of 98.6% of their original list price. In the condo market, 14% of sales closed above asking price, up from 11% last March, with a median of 97.3% of the original list price received.

Courtesy of the Honolulu Board of Realtors

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