September 2026 Market Report for Oahu

O'ahu Housing Market Closed Out Third Quarter With Mixed Activity

Oʻahu’s housing market closed out the third quarter with mixed activity, with quarterly sales of

single-family homes rising 9.3% year-over-year and condo sales declining 2.7%. Year-to-date sales showed a similar trend, with single-family home sales up 5.9% and condo sales down 2.4%. In September, single-family home sales increased 6.2% year-over-year to 293 transactions, while condo sales dipped 8.1% to 375.

Sales below $1 million accounted for 39% of single-family home transactions in September, with 113 homes sold in that range. Among condos, 175 sales, or 47%, closed below $500,000. Across both markets, 188 properties priced at $500,000 and below sold during the month.

The median sales price for single-family homes dropped 3.9% year-over-year to $1,110,000 from $1,155,000, while the condo median rose 2.8% to $523,000 from $508,750. Single-family home sales saw their strongest year-over-year growth in the $900,000 to $999,999 range, increasing 61.5% from 26 to 42 transactions. Condo sales declined 15.8% in the $200,000 to $599,999 range, with 197 transactions compared to a year ago.

Single-family homes moved at a quicker pace than a year ago, spending a median of 16 days on the market compared to 26 days. Competition also increased, with 31% of single-family home sales closing above the original asking price, up from 25% last September. The condo market held relatively steady at a median of 41 days on market compared to 40 days a year ago. Twelve percent of condo sales closed above the original asking price, up from 8% last September.

Pending sales softened in September, with single-family home contract signings edging down 1.3% year-over-year from 239 to 236 and condo pending sales slumping 28.6% from 409 to 292. The largest decline in condo pending sales occurred in the $400,000 to $599,999 range, down 37.2% year-over-year.

At the end of September, 1,222 active listings across Oʻahu were priced at $500,000 and below. Among single-family homes, 218 listings, or 27% of active inventory, were priced below $1 million. Nearly half of active condo inventory was priced below $500,000, with 1,196 listings accounting for 48% of the market.

Seller activity dipped slightly in September, with new listings declining 1.8% year-over-year for single-family homes and 4.4% for condos. Active inventory was unchanged from a year ago for single-family homes at 798 listings and increased 7.8% for condos to 2,509 listings. Compared to August, inventory was relatively unchanged in both markets.

SOURCE: Honolulu Board of REALTORS®, residential resales data compiled from HiCentral MLS, Ltd.®

©2026. Honolulu Board of REALTORS®. All Rights Reserved. Information herein deemed reliable but not guaranteed.

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