Oʻahu’s housing market experienced modest shifts in July, with buyers showing renewed interest despite year-over-year declines in sales and prices. While single-family home sales dipped 7.4% and condo sales held steady, increased contract activity and elevated inventory levels suggest growing momentum heading into late summer.
Active listings remained higher than last year—up 18.0% for single-family homes and 31.7% for condos—though both segments saw slight month-over-month dips. Homes are spending longer on the market, with condos at a median of 50 days (up from 30) and single-family homes at 20 days (up from 15).
“Buyers are becoming more engaged, especially with more inventory and price adjustments creating opportunities,” said Mike James, president of Coldwell Banker Realty. “We’re seeing a shift toward a more balanced market, where buyers have time to evaluate options and negotiate more confidently.”
The $800,000 to $999,999 price range led activity, accounting for nearly a third of all single-family home sales and rising 20.0% year-over-year to 78 transactions. Hawai‘i Kai saw the fastest-moving homes with a median of just 8 days on market, followed by Metro and Waipahu at 12 days. Makakilo, ‘Ewa Plain, and Pearl City recorded the longest market times at 25–30 days.
About 26% of single-family homes sold above asking price, down slightly from 29% last year. New listings rose 1.7% to 369, with ‘Ewa Plain seeing the largest increase (29.4%). Diamond Head and ‘Ewa Plain also led in contract activity, together accounting for over one-third of pending sales.
Condos priced between $300,000 and $499,999 were the most active, with 142 sales making up 36.5% of the market—a 10.9% increase year-over-year. Regional performance varied: sales surged in ‘Ewa Plain (60.9%), Pearl City (57.9%), and Waipahu (90.9%), while Metro declined 16.2%.
Only Kāne‘ohe and Central regions saw condos selling in under 30 days, while Diamond Head, Leeward, and North Shore exceeded 60 days. Just 8% of condo sales closed above asking price, down from 15% in 2024.
New condo listings fell 4.3% to 647, with notable declines in Metro, Central, and Hawai‘i Kai. Pending sales rose in most regions, especially Metro (21.2%) and ‘Ewa Plain (61.5%). Inventory remains highest in the $300,000 to $399,999 range, up 51.2% to 428 units. Several regions—including Hawai‘i Kai, Leeward, Makakilo, Pearl City, and Waipahu—saw inventory increases of 60% or more.
Sales of Single-Family Homes and Condos | July 2025
Source: Honolulu Board of REALTORS®, compiled from MLS data
Oʻahu’s housing market saw subtle shifts in July, with single-family home sales declining 7.4% year-over-year—from 269 in July 2024 to 249 this year. Year-to-date, single-family home sales remain 2.9% behind last year’s pace, with 1,583 homes sold through July compared to 1,631 in the same period last year.
Condominium sales were flat year-over-year, holding steady at 389 units sold in both July 2024 and July 2025. However, year-to-date condo sales show a more noticeable decline—down 5.1% from 2,623 units in the first seven months of 2024 to 2,490 this year.
Median Sales Price of Single-Family Homes and Condos | July 2025
Source: Honolulu Board of REALTORS®, compiled from MLS data
The median sales price of a single-family home in July 2025 was $1,075,000, a 5.7% decrease from $1,140,000 in July 2024. Year-to-date, the median sales price stands at $1,150,000—up 4.5% from $1,100,000 in the same period last year.
Condominium prices also softened. The median sales price in July 2025 was $490,000, down 3.7% from $509,000 a year ago. Year-to-date, the condo median sales price is $500,765, a 1.8% decrease from $510,000 in the same period last year.
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 |
| Jun-25 | Jun-24 | |
| Ewa Plain | $925,000 | $882,000 |
| Makaha – Nanakuli | $667,500 | $662,500 |
| Wahiawa | $860,000 | $835,000 |
| Waipahu | $967,500 | $950,000 |
| Median Sales Price | ||
| Condo | Year-To-Date | Year-To-Date |
| Jun-25 | Jun-24 | |
| Kalihi – Palama | $385,000 | $391,000 |
| Makaha – Nanakuli | $215,000 | $247,500 |
| Makiki – Moiliili | $375,000 | $405,000 |
| Moanalua – Salt Lake | $440,000 | $430,000 |
| Pearl City – Aiea | $470,000 | $460,000 |
| Wahiawa | $310,000 | $345,000 |
| Waikiki | $447,000 | $430,000 |
| Windward Coast | $364,000 | $405,000 |
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.
