Oʻahu Housing Market Sees Modest Shifts in July Activity
Sales prices dip slightly while pending sales and active inventory remain strong
According to resale figures released today by the Honolulu Board of REALTORS®, Oʻahu’s housing market saw some modest adjustments in July, with year-over-year single-family home sales down 7.4%, while condo sales remained flat. Single-family homes recorded 249 sales compared to 269 a year ago, and condo sales held steady at 389 units. Year-to-date, total sales volume remains 2.9% behind 2024 levels for single-family homes and 5.1% behind for condos.
Using data collected from its computerized Multiple Listing Service (MLS) system, the Board reported the following statistics:
Single-Family Home Resales
| Number of Sales | Median Sales Price | |
|---|---|---|
| July 2025 | 249 -7.4% | $1,075,000 -5.7% |
| July 2024 | 269 | $1,140,000 |
Condominium Resales
| Number of Sales | Median Sales Price | |
|---|---|---|
| July 2025 | 389 0.0% | $509,000 -3.7% |
| July 2024 | 389 | $509,000 |
The median sales price for single-family homes declined 5.7% year-over-year to $1,075,000. Condos also experienced softening, with the median sales price decreasing 3.7% to $490,000.
Despite stable interest rates in July, buyers appeared more active, with contract signings increasing across both markets. Pending sales rose 9.8% for single-family homes (280 contracts signed) and 13.2% for condos (430 contracts signed).
Inventory levels remained higher than last year, with active listings up 18.0% for single-family homes and 31.7% for condos. However, month-over-month figures showed slight dips in both segments, down 1.0% and 3.3%, respectively.
“While prices softened and more inventory became available, buyers appeared more strategic in July,” said Trevor Benn, President of the Honolulu Board of REALTORS®. “With more options on the table, we saw decision timelines extend, especially in the condo market.”
Condos spent a median of 50 days on the market in July, up from 30 days in 2024. Single-family homes saw a more modest increase in time on market, rising from 15 to 20 days.
“Rising pending sales and increased buyer activity show promising signs that market confidence remains intact. The trends we’re seeing, particularly in specific price points and neighborhoods, point to a resilient, adaptive market,” added Benn.
Single-Family Home Market Details
The $800,000 to $999,999 price range accounted for the largest share of single-family home activity in July, rising 20.0% year-over-year to 78 sales and representing nearly a third of total sales. Hawai‘i Kai recorded the fastest-moving single-family homes, with a median of just 8 days on market. Metro and Waipahu also moved quickly at 12 days. Meanwhile, Makakilo (30 days), ‘Ewa Plain (25 days) and Pearl City (25 days) recorded the longest median days on market. Roughly 26% of single-family home sales closed above the original asking price, down slightly from 29% in July 2024.
New listings increased 1.7% year-over-year to 369, with ‘Ewa Plain seeing the largest jump at 29.4% (66 listings). The Central region saw the steepest drop, falling 31.3% to 22 listings. Diamond Head and ‘Ewa Plain saw the most notable increases in contract activity. Diamond Head pending sales rose 53.6% to 43, while ‘Ewa Plain rose 26.7% to 57. Together, these two regions accounted for more than one-third of pending sales.
Condominium Market Details
Condos priced between $300,000 and $499,999 represented the largest portion of sales, with 142 transactions accounting for 36.5% of all condo sales in July. This price range also experienced a 10.9% increase year-over-year. Regional performance varied significantly. Condo sales surged in ‘Ewa Plain (60.9%), Pearl City (57.9%) and Waipahu (90.9%). However, the Metro region experienced a 16.2% decline. Only the Kāne‘ohe and Central regions recorded a median days on market of 30 days or less, while the Diamond Head, Leeward and North Shore regions exceeded 60 days. Just 8% of condo sales closed above asking price in July, down from 15% in 2024.
New listings declined 4.3% year-over-year to 647, led by decreases in the Metro (3.5%), Central (25.0%) and Hawai‘i Kai (39.3%) regions. Pending sales volume grew in most areas, with notable increases in the Metro (21.2%) and ‘Ewa Plain (61.5%) regions. Central and Pearl City saw declines of 44.7% and 40.0%, respectively. At month’s end, the largest supply of active condo inventory was in the $300,000 to $399,999 range, up 51.2% to 428 units. Several regions saw inventory increases of 60% or more, including Hawai‘i Kai, Leeward, Makakilo, Pearl City and Waipahu.