Oʻahu’s housing market closed out the first half of 2026 with a combination of steady demand, rising prices, and improving opportunities for buyers at more affordable price points. While market activity remained mixed between single-family homes and condominiums, strong buyer engagement and a healthy supply of entry-level inventory continued to support transactions across the island.
Homes priced at $500,000 and below remained an important segment of the market. In June, buyers closed on 180 properties within this price range, bringing the year-to-date total to 1,003 sales. At month’s end, 1,224 active listings remained available at or below $500,000, providing continued opportunities for first-time and budget-conscious buyers. During the first six months of 2026, 35% of all single-family home sales closed below $1 million, while 47% of all condominium sales closed below $500,000, underscoring the continued importance of affordability-focused market segments.
Market pace remained favorable for well-positioned properties. Single-family homes sold quickly in June, recording a median of just 13 days on market, down from 24 days a year ago and unchanged from the previous month. Condominiums maintained a steadier pace, with median days on market holding at 40 days, matching last year’s level and improving slightly from 43 days in May.
Inventory and listing activity produced mixed results. New single-family home listings declined 7.3% year over year to 369 properties, while condominium listings increased 10.3% to 740 units. Active inventory remained below year-ago levels in both sectors, decreasing 9.3% for single-family homes and 0.7% for condominiums. Despite the slight decline in condo inventory, available supply remained relatively stable and continued to offer conditions that were generally more favorable for buyers.
Competitive market conditions persisted, particularly in the single-family segment. Sellers of single-family homes received a median of 100% of their original asking price, an improvement from 98.2% one year earlier. Additionally, 33% of single-family home sales closed above the original asking price, up from 27% in June 2025. Condominium sellers received a median of 96.8% of their original asking price, compared to 97.2% a year ago, while the share of condo sales closing above asking price increased modestly from 10% to 13%.
“While market conditions continue to vary between property types, the first half of 2026 demonstrates the overall resilience of Oʻahu’s housing market,” said Mike James, president of Coldwell Banker Realty. “Buyers remain active, particularly in affordable price ranges, while well-priced homes continue to attract strong interest. The combination of stable inventory, modest price appreciation, and continued opportunities for local buyers creates a positive foundation as we move into the second half of the year.”
The continued availability of homes and condominiums at more attainable price points remains encouraging for many buyers navigating affordability challenges. With more than 1,000 sales recorded below $500,000 during the first half of the year and inventory remaining relatively healthy in that segment, buyers continue to find opportunities despite broader market pressures and rising costs across the region.
Sales of Single-Family Homes and Condos | June 2026
Source: Honolulu Board of REALTORS®, compiled from MLS data
Overall sales activity during the first half of 2026 remained mixed compared to the same period last year. Year-to-date, single-family home sales increased 3.9% to 1,386 transactions, while condominium sales declined 2.3% to 2,053 closings. In June, however, the two markets moved in opposite directions. Single-family home sales decreased 6.6% year over year to 270 sales, while condominium sales rose 10.9% to 397 transactions, reflecting renewed buyer activity in the condo segment.
Median Sales Price of Single-Family Homes and Condos | June 2026
Source: Honolulu Board of REALTORS®, compiled from MLS data
Median sales prices continued to post modest gains. Year-to-date, median sales prices increased 2.6% for single-family homes and 1.5% for condominiums. The June single-family home median sales price was supported by a 39.7% increase in sales between $1.3 million and $1.99 million, which rose from 68 to 95 transactions. Condominium prices also strengthened, with the median sales price increasing 3.5% year over year to $528,000. Condo sales activity was particularly strong in the $500,000 to $599,999 and $800,000 to $999,999 price ranges, which increased 56.3% and 93.8%, respectively.
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 |
| May 2026 | May 2025 | |
| Ala Moana – Kakaako | $952,500 | $1,220,000 |
| Ewa Plain | $940,000 | $930,000 |
| Makaha – Nanakuli | $600,000 | $635,000 |
| Makakilo | $975,000 | $1,108,694 |
| Wahiawa | $858,000 | $830,000 |
| Waipahu | $961,000 | $957,500 |
| Median Sales Price | ||
| Condo | Year-To-Date | Year-To-Date |
| May 2026 | May 2025 | |
| Downtown – Nuuanu | $410,000 | $522,500 |
| Kalihi – Palama | $365,000 | $385,000 |
| Makaha – Nanakuli | $266,500 | $217,000 |
| Makiki – Moiliili | $380,000 | $375,000 |
| Moanalua – Salt Lake | $430,000 | $415,000 |
| Pearl City – Aiea | $420,000 | $465,000 |
| Wahiawa | $300,000 | $310,000 |
| Waikiki | $479,000 | $449,000 |
| Waipahu | $477,500 | $496,000 |
| Windward Coast | $332,500 | $365,000 |
SOURCE: Honolulu Board of REALTORS®, compiled from MLS data.
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.
