Oahu Housing Market Adjusts in April as Prices Ease and Buyer Activity Persists

Oʻahu’s housing market showed modest adjustments in April, with slight softening in prices alongside continued demand in select segments. While overall sales activity eased compared to last year, buyers remained active—particularly in mid-range price points—benefiting from improved market times and stabilizing conditions. Both single-family and condominium markets reflected a balance of opportunity and caution as participants responded to shifting affordability dynamics and available inventory.

Entry‑level price points continued to play a meaningful role in overall activity. Properties priced at $500,000 and below accounted for 193 sales in April and 666 year‑to‑date, supported by 1,168 active listings in that range. This segment remains an important entry point for first‑time and value‑focused buyers, providing a steady foundation for market participation despite broader affordability pressures.

Across the market, sales activity declined slightly year-over-year but showed pockets of strength in targeted price ranges. Single‑family home sales in the $900,000 to $1,099,999 range recorded the largest gain, increasing 37.8% from 37 to 51 transactions. In the condo market, the $400,000 to $499,999 segment rose 26.9% from 52 to 66 sales, while higher‑end activity between $1,000,000 and $1,999,999 increased 50.0% from 26 to 39 transactions, highlighting continued interest across both entry-level and luxury tiers.

Despite softer sales counts, properties in both markets moved more quickly than a year ago. Median days on market for single-family homes declined from 29 to 24 days, while condominiums dropped from 43 to 38 days, reflecting motivated buyers and appropriately priced listings.

Inventory trends continued to tighten. New listings for single‑family homes decreased 4.1% year over year to 351, while active inventory declined 12.2% to 707 listings. The condominium market saw a more notable pullback in new listings, down 18.0% to 698 units, with active inventory decreasing 6.3% to 2,353. At the same time, pending sales increased in both segments, rising 1.5% for single‑family homes and 8.0% for condominiums, suggesting continued forward momentum heading into the next month.

“April’s market reflects a period of recalibration, where both buyers and sellers are adapting to evolving conditions,” said Mike James, president of Coldwell Banker Realty. “Even with slight declines in sales and pricing, we’re seeing strong engagement in key price segments and faster decision-making from buyers, which speaks to continued confidence in Oʻahu’s long-term housing market.”

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

Overall sales activity declined in April compared to the same time last year. Single‑family home sales decreased 4.6% year over year to 230 transactions, down from 241 a year ago, though year‑to‑date sales remain up 6.3%. Condominium sales fell 4.3% to 378 from 395 last April, with year‑to‑date sales down 3.8%.

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

Median sales prices saw slight year-over-year declines in April. The median price for single‑family homes decreased 1.7% compared to the same period last year, while condominium prices dipped 1.0% to $500,000, reflecting modest adjustments across both markets.

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.

SOURCE: Honolulu Board of REALTORS®, compiled from MLS data.