Hawaii Real Estate Market Update: April 2026
The O‘ahu real estate market experienced a cooling period in April, characterized by slight declines in both sales volume and median prices across the island. According to recent resale data, the median price for a single-family home saw a modest 1.7% decrease from the previous year, settling at $1,150,000. The condominium sector mirrored this trend, with its median price dipping 1.0% to an even $500,000. Despite these contractions, year-to-date figures show that single-family home sales remain 6.3% higher than the same period last year, indicating enduring foundational strength in the market.
Single-Family Home Resales
| Number of Sales | Median Sales Price | |
|---|---|---|
| April 2026 | 230 -4.6% | $1,150,000 -1.7% |
| April 2025 | 241 | $1,170,000 |
Condominium Resales
| Number of Sales | Median Sales Price | |
|---|---|---|
| April 2026 | 378 -4.3% | $500,000 -1.0% |
| April 2025 | 395 | $505,000 |
Source: HiCentral
While overall transaction numbers softened—with single-family home sales falling 4.6% to 230 and condo sales dropping 4.3% to 378—specific price segments demonstrated remarkable resilience and growth. The single-family home market saw a significant 37.8% year-over-year surge in the $900,000 to $1,099,999 bracket. Condominiums also experienced notable spikes in targeted ranges, including a 26.9% increase in sales between $400,000 and $499,999, and an impressive 50.0% jump in luxury condo transactions priced between $1,000,000 and $1,999,999.
“Buyers are navigating a complex landscape shaped by current mortgage rates, insurance considerations, and overall affordability, leading to a more intentional approach to purchasing,” notes Moe Matsuda, Vice President and Principal Broker of Sachi Hawaii. “We are seeing that properties priced accurately and perfectly aligned with the lifestyle expectations of today’s discerning buyers are still experiencing strong, immediate demand.”
Interestingly, despite the dip in total sales, homes are moving faster than they were a year ago. The median days on the market improved across the board, dropping to 24 days for single-family homes and 38 days for condominiums. This accelerated pace is likely influenced by tightening inventory, as active listings fell 12.2% for single-family homes and 6.3% for condos compared to last April. However, a positive indicator for the months ahead is the uptick in contract signings, with pending sales rising 1.5% for single-family homes and 8.0% for condos, suggesting that serious buyers remain highly active and ready to commit when the right opportunity arises.
