Oʻahu’s housing market showed renewed momentum in March, fueled by stronger single‑family home activity and steady demand across key price segments, even as buyers navigated higher interest rates and lingering weather‑related disruptions from recent Kona low systems. While overall market conditions remained balanced, shifts in inventory and pricing dynamics continued to shape buyer and seller behavior differently across property types.
Entry‑level affordability remained a critical foundation for market activity. Properties priced at $500,000 and below accounted for 178 sales in March and 473 year‑to‑date, supported by 1,138 active listings in that range. These homes and condominiums continued to attract first‑time and value‑focused buyers, helping sustain transaction volume amid ongoing affordability challenges.
Across price points, sales activity reflected diverging trends between single‑family homes and condominiums. 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.
Sales distribution shifted notably within the single‑family market. Transactions priced at $999,999 and below increased 31.9% year over year, rising from 69 to 91 sales, signaling continued strength among mid‑priced homes. Higher‑end activity also expanded, with sales priced at $1,000,000 and above increasing from 137 to 169 transactions. Condo market activity was more mixed, with nearly half of all condo sales occurring in the $300,000 to $599,999 range. The $700,000 to $799,999 segment recorded the most significant increase, climbing 62.5% from 24 to 39 sales.
Homes in both markets spent slightly more time on the market compared to a year ago. The median days on market for single‑family homes increased from 15 to 21 days but remained under one month, reflecting continued buyer interest. Condo median days on market rose from 40 to 43 days, indicating buyers had somewhat more time to evaluate available inventory.
Buyer activity moderated modestly in March, potentially influenced by higher mortgage rates and recent weather conditions. Pending sales declined in both segments, with single‑family home pending transactions falling 7.5% year over year to 245, while condo pending sales decreased 6.2% to 394.
Inventory trends remained uneven across property types. New listings for single‑family homes declined 13.5% year over year to 326 in March, and condo new listings dropped 15.5% to 667. Active inventory for single‑family homes remained constrained, down 10.6% compared to last year, while condo inventory was relatively stable, dipping just 0.3%.
Seller negotiations reflected a competitive yet more measured environment. Twenty‑six percent of single‑family home sales closed above the original asking price, down from 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, and sellers received a median of 97.3% of the original list price.
“March activity underscores the adaptability of Oʻahu’s housing market,” said Mike James, president of Coldwell Banker Realty. “Single‑family homes continue to draw strong demand across price ranges, while condo buyers are benefiting from more options and time to make informed decisions. These dynamics reflect a market that is recalibrating rather than slowing.”
Sales of Single-Family Homes and Condos | March 2026
Source: Honolulu Board of REALTORS®, compiled from MLS data
Overall sales activity reflected a split trend in March. Single‑family home sales increased sharply, rising 26.2% year over year to 260 closed transactions, while condominium sales totaled 351, declining 4.9% from 369 sales a year earlier.
Median Sales Price of Single-Family Homes and Condos | March 2026
Source: Honolulu Board of REALTORS®, compiled from MLS data
Median sales prices posted modest year‑over‑year gains in both markets. The single‑family home median rose 3.4% compared to March 2025, while the condominium median increased 2.0% to $510,000, reflecting steady pricing supported by continued demand and limited inventory in key segments.
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.
| Median Sales Price | ||
| Single Family | Year-To-Date | Year-To-Date |
| February 2026 | February 2025 | |
| Ala Moana – Kakaako | $952,500 | $1,395,000 |
| Ewa Plain | $930,000 | $900,000 |
| Kalihi-Palama | $988,000 | $978,000 |
| Makaha – Nanakuli | $580,000 | $615,000 |
| Makakilo | $975,000 | $1,132,000 |
| Wahiawa | $815,000 | $845,500 |
| Waipahu | $960,000 | $993,500 |
| Median Sales Price | ||
| Condo | Year-To-Date | Year-To-Date |
| February 2026 | February 2025 | |
| Kalihi – Palama | $360,000 | $411,500 |
| Makaha – Nanakuli | $240,000 | $275,000 |
| Makakilo | $500,000 | $565,000 |
| Makiki – Moiliili | $400,000 | $399,000 |
| Mililani | $498,000 | $555,000 |
| Moanalua – Salt Lake | $441,000 | $405,500 |
| Pearl City – Aiea | $405,000 | $480,000 |
| Wahiawa | $256,450 | $310,000 |
| Waialae-Kahala | $439,500 | $682,500 |
| Waikiki | $468,000 | $435,000 |
| Waipahu | $485,000 | $485,000 |
| Windward Coast | $278,000 | $430,000 |
SOURCE: Honolulu Board of REALTORS®, compiled from MLS data.
