O'ahu Housing Market Closes 2025 With Gains in Sales
According to HBR's latest report, the Oʻahu housing market closed the year with gains in sales while influenced by mortgage rates, insurance costs, and broader economic conditions throughout 2025.
In December, single-family home sales increased 18.4% year over year to 270 transactions, and the median sales price rose 4.3% to $1,100,000. Homes recorded a median of 22 days on market, compared to 20 days the same time last year. Active inventory was down 5.9%, ending the month with 635 active SFH listings.
The condo/townhome market saw sales increased 11.5% from 323 to 360, and the median condo price fell 5.2% to $512,000. Condos spent a median of 44 days on market, 8 days longer than last December. Condo inventory rose 12.3% with 2,165 active condo listings.
Compared to 2025:
- Combined single-family home and condo sales grew 0.6% year-over-year. Single-family home sales rose 3.5%, while condo sales declined 1.1%. In total, 2,890 single-family homes and 4,408 condos were sold in 2025.
- The median sales price for single-family homes increased 3.5% to $1,139,000, while the annual condo median price softened 1.5% to $507,250.
- Homes spent more time on the market, with median days on market increasing to 23 days for single-family homes and 44 days for condos.
“In 2025, O‘ahu’s housing market was shaped by a combination of economic, financial, and policy-related factors that influenced how buyers and sellers approached the market,” said Aaron Tangonan, president of the Honolulu Board of REALTORS®. “While overall activity remained steady, increased inventory, shifting costs, and broader uncertainty changed the pace and dynamics of transactions across both markets.”
