Oahu Housing Market Begins 2026 with Steady Activity in January

Oahu’s housing market welcomed 2026 with a solid and measured start, reflecting continued stability across both single-family homes and condominiums. While buyers remained active in seeking opportunities, particularly in affordable and mid-range price points, sellers navigated mixed inventory conditions as the year got underway. Entry-level options continued to play an important role in the market’s momentum — homes priced at $500,000 and below accounted for 146 year-to-date sales in January, supported by more than 1,000 active listings in that range. These conditions offered new and returning buyers meaningful choice at a time when affordability remains central to purchasing decisions.

Across the broader market, activity trends pointed to a steady but selective pace. Single-family buyers remained engaged, especially in popular mid‑range price bands, strengthened by competitive offer activity and improving pending sales. Condominiums offered a wider range of options, with growing active inventory giving buyers more room to explore neighborhoods and amenities. Days on market increased slightly across both segments, indicating a more deliberate pace as buyers adjusted to current pricing and inventory dynamics.

“January’s numbers remind us that Hawai‘i’s market maintains its resilience,” said Mike James, president of Coldwell Banker Realty. “We’re seeing steady buyer engagement, competitive activity in key price ranges, and encouraging growth in pending sales — all signs that consumers continue to move confidently despite evolving market conditions.”

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

Overall sales activity held relatively stable to start the year. Single-family home sales dipped just 1.0% year-over-year to 194 transactions, while condominium sales declined 4.8% to 297 units. Days on market reflected a slight slowdown: single-family homes sold at a median of 27 days compared to 25 days a year earlier, while condo days on market rose to 47 days from 39. Buyer competition strengthened most in the single-family segment, where about 31% of sales closed above asking price compared to 23% a year ago. Pending sales also saw renewed momentum, with single-family contract signings up 14.4% and condo pendings rising 5.0%.

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

Median prices showed modest movement to begin the year. The single-family home median increased 0.2% year-over-year, while the condo median dipped 1.9% to $529,000. Nearly 60% of single-family sales occurred between $800,000 and $1,399,999 — also the range most likely to close at or above the original asking price. Condo activity remained steady across several price points, though the $700,000 to $899,999 category saw the greatest decline, down 29.8% year-over-year. Across the broader market, inventory trends varied: single-family active listings fell 8.2% to 674, while condo inventory grew 5.8% to 2,210, offering buyers more choices in the attached-home segment.

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.

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.