Hawaii Real Estate Market Update: August 2025
The Oʻahu housing market experienced moderate shifts in August, with both single-family homes and condos seeing mixed results in sales, prices, and inventory levels.
Sales and Median Prices
In the single-family home market, sales saw a modest increase of 2.4% year-over-year, with 259 transactions closed. Despite this rise in sales volume, the median sales price slightly decreased by 1.5% to $1,105,500. This is in contrast to the condo market, where sales dipped 2.5% to 391 closed transactions, yet the median sales price rose by a modest 3.0% to $515,000. Overall, year-to-date sales for both segments remain below 2024 levels.
Single-Family Home Resales
| Number of Sales | Median Sales Price | |
|---|---|---|
| August 2025 | 259 +2.4% | $1,105,500 -1.5% |
| August 2024 | 253 | $1,122,000 |
Condominium Resales
| Number of Sales | Median Sales Price | |
|---|---|---|
| August 2025 | 391 -2.5% | $515,000 +3.0% |
| August 2024 | 401 | $500,000 |
Source: HiCentral
Market Activity and Inventory
A key indicator of future activity, pending sales, showed a significant difference between the two markets. The single-family home market saw a strong surge in buyer interest, with pending sales jumping 28.5% year-over-year to 302—the highest monthly total so far this year. Pending condo sales, however, remained relatively flat, slipping just 1.0% with 406 contract signings.
New listings presented a varied picture. Single-family home listings declined by 8.1%, with most of the slowdown occurring in properties priced under $2 million. In contrast, new listings for luxury homes priced at $2 million and above surged by over 40%. Condo listings, on the other hand, increased by 2.2% year-over-year.
Active inventory trends were also mixed. Single-family home inventory totaled 790 units at the end of August, a slight year-over-year increase but a drop from the previous month. Condo inventory stood at 2,412 units, a significant 28.4% increase from the prior year. Both markets also experienced longer times on the market, with the median days on market for single-family homes lengthening to 22 days and for condos to 48 days.
Analysis shows that the most active segment for single-family homes was the $900,000 to $1,199,999 range, which saw sales rise by 19.4%. Regionally, the ʻEwa Plain led with a 30.0% jump in single-family home sales. For condos, sales in the $1 million and above segment grew by a notable 32.5%, but the Pearl City region experienced a sharp decline of nearly 69%.
