Nationwide, news sources report that buyer concerns are elevated, with homebuyers worried about economic uncertainty, high interest rates and rising prices. However, to help ease those concerns, inventory is up, offering more choices to homebuyers, and sellers are adjusting their asking prices to make their listings more appealing.
Recent statistics released by the Honolulu Board of Realtors®, reflect some of the same.
With the Honolulu Board of Realtors® first-quarter stats in, Oahu’s active inventory of homes and condos for sale is the highest in at least three years. Single-family availability is up 33% from a year ago to 773 homes listed for sale at the end of March. Condo inventory is up as well, rising 54.2% from a year ago to 2,302 condo listings available.
Single-family inventory grew island wide, with the largest gain in Ewa Plain, where active listings increased by 73.5% from a year ago. Condo inventory also grew across the island, with several neighborhoods offering more than double the number of condo listings in March, compared to March 2024, including Hawaii Kai (78 listings), Kailua (28 listings), Makakilo (34 listings), Pearl City (111 listings), and Waipahu (42 listings).
However, even with the supply surge, prices have held. The median sales price of a single-family home was up 5.5% in March, compared to March 2024, to $1,160,000. The condo MSP — at $500,000 — remained unchanged from a year ago.
Single-family homes are selling quickly — the March days on the market was 15, compared to 31 days a year ago. Condos spent more time on the market — with a median DOM of 40 days, up from 29 days in March 2024.
“Whether you’re a buyer or a seller, this market requires the expertise of an experienced real estate professional,” says Mike James, president of Coldwell Banker Realty. “Coldwell Banker agents understand how important the decision to buy or sell is right now, and are ready to assist you in navigating the market ahead.”
Sales of Single-Family Homes and Condos | March 2025
Source: Honolulu Board of REALTORS®, compiled from MLS data
First quarter 2025 sales volume was a mixed bag.
Fewer single-family homes sold in March, compared to March 2024 — from 230 homes closed a year ago, to 206 last month. Year-to-date, SF volume also dropped 4% — from 593 closings during the first three months of 2024, to 569 homes closed at the end of March this year.
Condo sales, conversely, were up. Year-over-year, sales activity gained 7.3% — from 344 closings in March 2024, to 369 last month. First-quarter condo sales volume held nearly even, up 0.4% from 970 a year ago, to 974 at the end of March.
Median Sales Price of Single-Family Homes and Condos | March 2025
Source: Honolulu Board of REALTORS®, compiled from MLS data
Good news on median sales prices.
Single-family home median prices gained 5.5% in March, from $1,100,000 a year ago, to $1,160,000 last month. During the first quarter of 2025, SF home prices increased 7.5% — from $1,070,000 after the first three months of 2024, to $1,150,000 this year.
Condo prices last month held their ground, remaining unchanged from March 2024 — at $500,000. Year-to-date, condo prices gained 1% — from $505,000 in the 1Q24 to $510,00 in 1Q25.
MARKET SPOTLIGHT
This month’s spotlight is on the most affordable Oahu neighborhoods. If you’re wondering where single-family homes are selling for under $1 million, and condos are selling for under $500,000, here’s the list. Happy hunting.
| Single Family | Year-To-Date | Year-To-Date |
| Feb-25 | Feb-24 | |
| Ewa Plain | $900,000 | $850,000 |
| Kalihi – Palama | $978,000 | $935,000 |
| Makaha – Nanakuli | $615,000 | $685,000 |
| Mililani | $990,000 | $1,060,000 |
| Wahiawa | $845,500 | $810,000 |
| Waipahu | $993,500 | $900,000 |
| Median Sales Price | ||
| Condo | Year-To-Date | Year-To-Date |
| Feb-25 | Feb-24 | |
| Downtown – Nuuanu | $442,500 | $606,000 |
| Kalihi – Palama | $411,500 | $380,000 |
| Makaha – Nanakuli | $275,000 | $322,500 |
| Makiki – Moiliili | $399,000 | $412,000 |
| Moanalua – Salt Lake | $405,500 | $429,000 |
| Pearl City – Aiea | $480,000 | $415,000 |
| Wahiawa | $310,000 | $350,000 |
| Waikiki | $435.00 | $435,000 |
| Waipahu | $485,000 | $520,000 |
| Windward Coast | $430,000 | $369,900 |
For an up-to-date market analysis of your property, contact Coldwell Banker Realty today. We are happy to provide you with a current valuation on your home.
SOURCE: Honolulu Board of REALTORS®, compiled from MLS data.
