Oʻahu Real Estate Market Update – February 2026
Quick Take: What Happened This Month?
The Oʻahu housing market performed with steady resilience in February 2026, with single-family homes showing clear strength while the condo market remained more balanced and patient.
- 177 homes sold, a 6% increase from a year ago
- Median sales price reaching $1,205,000 for single-family homes
- Median of just 17 days on the market for homes
- Condo median price of $500,000, with about 56 days on the market and approximately 6.2 months of supply
Overall, Oʻahu continues to show two distinct market conditions: a tighter, faster-moving single-family segment and a more flexible condo environment where buyers have more room to compare options and negotiate.
Big Picture Overview
Oʻahu real estate continues to benefit from one of the island’s most consistent long-term market forces: limited housing supply. Even as higher mortgage rates have slowed the pace of sales, pricing has remained supported because available housing still does not fully meet demand. That helps explain why the market feels steadier than softer. Instead of the rapid acceleration seen during the pandemic years, the island is now moving through a more measured phase where buyers are more selective and sellers need to be more strategic.
What stands out most right now is that not all segments are moving the same way. Single-family homes continue to reflect tighter inventory, stronger urgency, and quicker decision-making. Condos and townhomes, especially in Oʻahu’s more urban corridors, are giving buyers more time and more choices. That split creates a market where strategy matters more than broad assumptions. Sellers cannot rely on momentum alone, and buyers need to understand which segment they are entering before deciding how aggressive or patient to be.
Mortgage-rate sensitivity remains an important factor across the island. When borrowing costs feel heavier, buyers tend to become more payment-conscious, which can affect pace, negotiation behavior, and the types of properties drawing the strongest activity. At the same time, Oʻahu’s land constraints and long-standing housing shortage continue to provide a stabilizing backdrop for values.
Single-Family Homes: Key Trends
The single-family market remains the strongest segment of Oʻahu real estate. In February, 177 homes sold, representing a 6% increase from a year ago, while the median sales price reached $1,205,000. Homes also moved quickly, with a median of just 17 days on the market and only 2.8 months of available inventory. Taken together, those numbers point to a market where demand is still active and well-positioned listings continue to get meaningful attention.
For sellers, that is encouraging—but it does not mean every home will automatically command top-dollar interest. Buyers are still sensitive to value, condition, and location. For buyers, the message is equally clear: in the single-family segment, the strongest opportunities tend to move fast. Preparation matters, and hesitation can mean missing out on the homes that are best priced and best presented. Across much of the island, this segment still leans toward sellers.
Condos & Townhomes: Key Trends
The condominium market is moving at a different pace. Condo sales were essentially flat year-over-year, and the median price of $500,000 reflects a segment that remains important for buyers seeking a more accessible point of entry into Oʻahu real estate. But compared with single-family homes, the condo market is giving buyers more breathing room.
With the typical condo spending about 56 days on the market and approximately 6.2 months of supply, inventory has grown enough to create a more balanced environment. That usually means buyers can take a little more time, compare options more carefully, and negotiate with more confidence—especially when a unit has been sitting, is priced optimistically, or needs updates. For sellers, it means positioning matters even more. In this segment, condition, pricing, fees, and overall value perception can strongly shape buyer response.
What This Means for Buyers
For buyers, this is a market that rewards clarity and flexibility. The data suggests that your experience will vary widely depending on what you are shopping for. If you are focused on single-family homes, you should be prepared for a tighter environment where attractive properties can move quickly. If you are open to condos or townhomes, you may have more space to evaluate options, negotiate terms, and avoid feeling rushed into a decision.
- If you’re focused on single-family: expect stronger competition, limited supply, and a need to act decisively when a well-priced home comes up.
- If you’re open to condos: expect more choice, a slower pace, and more potential for negotiation on price, credits, or terms.
This kind of market tends to favor buyers who know their priorities. Payment-conscious buyers, first-time buyers, and those willing to explore different property types may find the most opportunity in the condo segment. Buyers seeking land, privacy, or long-term lifestyle flexibility in a single-family home should enter the market prepared, informed, and ready to move when the right fit appears.
What This Means for Sellers
Sellers should take confidence from the fact that Oʻahu pricing continues to be supported by limited supply, but strategy still matters. In the single-family market, the combination of a median of just 17 days on the market and only 2.8 months of available inventory shows that buyers are still responding quickly to homes that feel well-priced and well-prepared. Sellers in this segment have a meaningful opportunity, especially when their home is presented cleanly and launched with the right pricing discipline from the start.
Condo sellers need a more patient and polished approach. With about 56 days on the market and approximately 6.2 months of supply, buyers have more alternatives and may be slower to commit. That means accurate pricing, strong presentation, and realistic expectations matter even more. In both segments, today’s market tends to reward homes that show well, feel move-in ready when possible, and enter the market aligned with buyer expectations rather than testing the market too aggressively.
Looking Ahead
As we move into the next stretch of the year, the most important themes to watch are affordability, buyer confidence, and seller responsiveness. Oʻahu’s market still has a solid foundation because housing supply remains limited, but buyer behavior is more rate-sensitive and more selective than it was during the faster-moving pandemic years. That means shifts in sentiment can show up first in pace, negotiation, and showing activity before they show up more broadly across the market.
Seasonally, it would be natural to see buyers re-engage as they adjust to current conditions and as sellers refine pricing and presentation strategies. If affordability improves over time, that could support stronger participation. Even so, the split between the single-family and condo segments is likely to remain one of the most important storylines for Oʻahu buyers and sellers in the near term.
Common Questions We’re Getting Right Now
Is Oʻahu a buyer’s market or a seller’s market right now?
It depends on the segment. Single-family homes still lean toward sellers, with 177 homes sold, a 6% increase from a year ago, a median of just 17 days on the market, and only 2.8 months of available inventory. Condos are more balanced, with approximately 6.2 months of supply and longer marketing times.
Are condos easier to buy right now than single-family homes?
In many cases, yes. The condo market currently offers more choices and more negotiating room than the single-family segment. With the typical condo spending about 56 days on the market, buyers often have more time to compare options and move thoughtfully.
Are homes still selling quickly on Oʻahu?
Single-family homes are. The median of just 17 days on the market shows that well-priced homes are still attracting strong interest. Condos are moving at a slower pace, which reflects a more patient market rather than the same urgency seen in single-family.
What should sellers focus on most right now?
Sellers should focus on pricing, presentation, and market positioning. Even in a resilient market, buyers are more selective. Single-family sellers may still benefit from tight supply, while condo sellers need to stand out more clearly because buyers have more options and more leverage.
