Oʻahu Home Sales Gain Momentum as Condo Market Cools

Oʻahu’s housing market wrapped up the third quarter with different trends for single-family homes and condominiums. Single-family home sales continued to grow, while condo sales slowed. Prices also moved in opposite directions, with the median single-family home price dipping year-over-year and the condo median climbing.

For buyers and sellers, September’s numbers offer a closer look at where demand remains strong, how quickly properties are selling, and what current inventory means for the months ahead.

Single-Family Home Sales Rise as Median Price Eases

Single-family home sales increased 6.2% year-over-year in September, reaching 293 transactions compared to 276 a year earlier. The median sales price declined 3.9%, from $1,155,000 to $1,110,000.

Despite the lower median price, homes moved faster than they did last year. The median time on the market dropped to 16 days, down from 26 days in September 2025. Competition also picked up, with 31% of single-family home sales closing above the original asking price, compared to 25% a year ago.

Homes priced between $900,000 and $999,999 recorded the strongest year-over-year sales growth, increasing 61.5% from 26 to 42 transactions.

These figures suggest that well-positioned homes can still attract strong buyer interest. For sellers, pricing and presentation remain important, while buyers should be prepared to act quickly when a property meets their needs.

Condo Sales Slow, but Median Prices Increase

The condominium market experienced a more subdued September. Sales fell 8.1% year-over-year, from 408 to 375 transactions. However, the median condo sales price increased 2.8%, rising from $508,750 to $523,000.

Condos also spent about the same amount of time on the market as they did last year, with a median of 41 days compared to 40 days in September 2025. Twelve percent of condo sales closed above the original asking price, up from 8% a year earlier.

Sales in the $200,000 to $599,999 range declined 15.8%, totaling 197 transactions. Meanwhile, pending condo sales dropped 28.6% year-over-year, from 409 to 292. The sharpest decline in pending sales occurred in the $400,000 to $599,999 price range, which fell 37.2%.

Although the median price increased, the decline in closed and pending sales points to softer transaction activity. Condo buyers may have more opportunities to compare available properties, while sellers should pay close attention to pricing and competing listings.

Affordable Price Points Remain an Important Part of the Market

Lower-priced properties continued to account for a substantial share of Oʻahu's housing activity in September.

Among single-family homes, 113 transactions closed below $1 million, representing 39% of monthly sales. For condominiums, 175 transactions, or 47% of sales, closed below $500,000.

Across both property types, 188 properties priced at $500,000 or below sold during the month.

Inventory at these price points also remains significant. At the end of September, Oʻahu had 1,222 active listings priced at $500,000 and below. Nearly half of all active condo listings—1,196 properties, or 48% of condo inventory—were priced below $500,000.

For single-family homes, 218 active listings were priced below $1 million, representing 27% of available inventory.

These figures highlight the importance of looking beyond overall median prices. Buyers searching within a specific budget may encounter different levels of availability depending on the property type, location, and price range.

Inventory and New Listings Show Different Trends

Seller activity eased slightly in September. New listings declined 1.8% year-over-year for single-family homes and 4.4% for condominiums.

Active single-family home inventory remained unchanged from a year earlier at 798 listings. Condo inventory increased 7.8% to 2,509 listings. Compared with August, inventory levels were relatively unchanged for both property types.

The increase in condo inventory gives buyers more properties to consider, while the steady supply of single-family homes suggests that competition can remain strong for desirable listings.

For sellers, understanding how their property compares with similar homes currently on the market is essential. Buyers, meanwhile, can use available inventory to evaluate their options and determine where they may have room to negotiate.

What September's Market Means for Buyers and Sellers

Oʻahu's September market data reinforces that real estate conditions vary by property type and price range.

For buyers: Single-family homes are selling faster than they were a year ago, so preparation can make a difference when the right property becomes available. Condo buyers may have more choices, particularly as active inventory grows, but individual property values and demand can vary considerably.

For sellers: Single-family homes continue to show solid sales activity, but the lower median price underscores the importance of realistic pricing. Condo sellers should account for increased inventory and softer sales activity when positioning their properties against the competition.

For homeowners: Changes in median prices provide useful context, but they do not necessarily reflect the value of every home or condominium. Property condition, location, comparable sales, and current buyer demand all play a role in determining market value.

Looking Ahead

As Oʻahu enters the final quarter of 2026, single-family homes and condominiums are showing different patterns in sales, pricing, and inventory. Single-family home sales are growing and properties are moving more quickly, while condo sales and pending transactions have slowed despite a modest increase in the median price.

Whether you're considering buying, selling, or simply keeping track of your property's value, understanding these local trends can help you make more informed decisions.

Have questions about what the current market means for your property or real estate plans? Contact Patrick Lum to discuss your goals and explore the opportunities available in today's Oʻahu market.