Oahu Housing Market Shows Strength Across Key Segments in February

Oahu’s housing market continued its steady progression in February, with signs of strengthening demand in key segments alongside diverging inventory trends between single‑family homes and condominiums. Buyers remained active across a range of price points, particularly for entry‑level and mid‑priced homes, while sellers navigated a market marked by faster sales for single‑family properties and longer timelines for condos.

Entry‑level affordability continued to anchor market activity. Homes priced at $500,000 and below accounted for 149 sales in February and 295 year‑to‑date, supported by 1,148 active listings in that range. These options provided important opportunities for first‑time and budget‑conscious buyers, helping sustain overall market momentum despite ongoing affordability pressures.

Across the broader market, transaction volumes remained consistent year over year.

Single‑family home sales rose 6.0% compared to last February, with 177 transactions, while condominium sales held relatively steady, dipping just 0.7% to 291 units. Demand strengthened notably in several single‑family price categories, particularly between $500,000 and $999,999, where sales increased 28.3% year over year. Higher‑end activity also picked up, with homes priced at $1.2 million to $1.29 million rising from 8 to 20 sales and properties priced at $1.9 million and above increasing from 20 to 31 transactions year over year, contributing to an uptick in overall pricing trends.

“February’s results highlight a market that remains resilient and responsive,” said Mike James, president of Coldwell Banker Realty. “We’re seeing buyers move decisively where value aligns with opportunity, especially in the single‑family market, while sellers continue to adjust strategies in response to shifting inventory and buyer expectations.”

Sales of Single-Family Homes and Condos | February 2026
Source: Honolulu Board of REALTORS^®, compiled from MLS data

Overall sales activity remained relatively steady in February. Single‑family home sales increased 6.0% year over year, rising to 177 closed listings compared to 167 last February, while condominium sales totaled 291 transactions, down just 0.7% from 293 sales a year earlier.

Median Sales Price of Single-Family Homes and Condos | February 2026
Source: Honolulu Board of REALTORS^®, compiled from MLS data

Median sales prices posted modest gains in February, marked by a new record for Oʻahu’s single‑family home market. The median price for single‑family homes rose 1.7% year over year to $1,205,000 — the highest median sales price recorded for Oʻahu — up from $1,185,000 at the same time last year. Condo prices also moved higher, with the median increasing 1.2% to $500,000, compared to $494,000 a year earlier.

MARKET SPOTLIGHT

This month, we spotlight 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 scoop. Happy hunting.