O’ahu Real Estate Market Report – October 2025
O‘ahu’s housing market maintained a steady rhythm in October 2025, reflecting a healthy balance between buyers and sellers. Single-family home sales held flat year-over-year at 261 transactions, while condominium sales climbed 9.4 percent to 443. Median prices continued to rise, up 5.7 percent for single-family homes to $1,162,500 and 1.9 percent for condos to $535,000, as steady demand met gradually expanding supply. Homes are still moving, but at a more deliberate pace, with single-family properties spending a median of 26 days on market (up from 16) and condos extending from 26 to 44 days, signaling that buyers now have more time to evaluate their options rather than rushing into offers.
Supply at the upper end of the market continues to grow, while certain mid-range price points show softer demand. Sales over $1.9 million surged nearly 39 percent from a year ago, fueled by both new listings and well-qualified buyers taking advantage of slight interest rate relief. In contrast, homes priced between $700,000 and $999,999 saw an 18.9 percent dip in activity, a clear sign that affordability pressures are still shaping decisions in that segment. Condominiums reflected the broadest demand range, with sales increasing both under $299,999 (up 50 percent) and above $700,000 (up 21 percent). These trends suggest that while high-end and entry-level demand remains strong, middle-tier buyers are being more selective or waiting for the right opportunity.
Inventory growth continues to rebalance the market, providing breathing room for buyers while keeping sellers competitive. Active single-family listings rose 4.6 percent to 775, and condo inventory climbed nearly 20 percent to 2,341, the highest level in more than two years. New listings also increased, particularly among luxury homes priced at $2 million and above, which nearly doubled from last year and now make up about a quarter of all new single-family listings. Although average mortgage rates trended slightly lower, buyer activity improved only modestly, with pending sales up 4 percent for homes and 1.3 percent for condos. This equilibrium between steady demand and growing supply continues to hold prices firm without the overheated competition seen in previous years.
Overall, O‘ahu’s real estate landscape reflects a market finding balance. Buyers benefit from more choice and time to make the right decision for their needs, while sellers still enjoy strong values and realistic opportunities to sell at or near market price. With supply gradually catching up to demand, both sides can move with greater confidence in a marketplace that rewards preparation, patience, and well-informed strategy.
What is the current state of the O‘ahu housing market?
O‘ahu’s housing market is balanced, with steady demand and growing supply creating a healthier pace for both buyers and sellers. Sales activity held steady for single-family homes and increased for condos, while prices continued to rise modestly. Buyers now have more time to view properties and make decisions, and sellers can still expect realistic pricing close to market value.
How many homes sold on O‘ahu this month?
In October 2025, there were 261 single-family home sales and 443 condominium sales. Single-family home sales were flat year-over-year, while condo sales increased about 9 percent, showing continued interest in attached housing options.
Are home prices rising on O‘ahu?
Yes. The median single-family home price increased to $1,162,500, up about 6 percent from last year. The median condo price rose to $535,000, up nearly 2 percent. These price increases reflect steady demand combined with gradually increasing inventory.
How long are homes taking to sell right now?
Homes are taking longer to sell than last year, giving buyers more time to evaluate options. Single-family homes spent a median of 26 days on market (up from 16), and condos spent 44 days (up from 26). This shift signals a move away from highly competitive, fast-moving conditions.
What price ranges are the most active in the market?
High-end and entry-level segments are seeing the strongest demand. Sales above $1.9 million increased by nearly 39 percent, and entry-level condo sales under $299,999 rose by 50 percent. The middle price range (approximately $700,000 to $999,999) saw slower activity, influenced by affordability considerations.
Is inventory increasing on O‘ahu?
Yes, inventory is rising and helping to rebalance the market. Active listings increased to 775 single-family homes and 2,341 condos, the highest condo inventory level in more than two years. More listings mean greater choice for buyers and more competition among sellers.
What’s happening with luxury real estate on O‘ahu?
Luxury inventory and activity are both growing. New listings priced at $2 million and above nearly doubled from last year and now represent about one-quarter of new single-family listings. Well-qualified buyers are active, especially with slight interest rate relief creating more confidence at the top end of the market.
Are mortgage interest rates affecting buyer demand?
Slightly lower average mortgage rates have helped improve buyer activity, but the impact is modest. Pending sales increased 4 percent for single-family homes and 1.3 percent for condos, suggesting buyers are returning gradually rather than rushing in all at once.
Is now a better time to buy or sell on O‘ahu?
This is a balanced market where both buyers and sellers have advantages. Buyers benefit from more choices and more time, while sellers benefit from strong values and realistic selling conditions. Success depends on pricing strategy, preparation, and understanding neighborhood-specific trends.
