Hawaii Real Estate Market Update: November 2025
The Oahu real estate market displayed a notable split in performance this November, as single-family home sales surged while the condominium sector experienced a cooling period. According to the latest resale figures from the Honolulu Board of REALTORS®, single-family home transactions jumped 18.7% year-over-year, reaching 241 closings. Conversely, the condominium market saw a 7.3% decline in volume, with sales dipping to 316 units. This divergence highlights a shifting landscape where buyer interest remains robust for detached homes, particularly in the mid-to-high-end price brackets.
Single-Family Home Resales
| Number of Sales | Median Sales Price | |
|---|---|---|
| November 2025 | 241 +18.7% | $1,100,000 -1.3% |
| November 2024 | 203 | $1,115,000 |
Condominium Resales
| Number of Sales | Median Sales Price | |
|---|---|---|
| November 2025 | 316 -7.3% | $487,450 -8.0% |
| November 2024 | 341 | $530,000 |
Pricing for both property types saw slight downward adjustments compared to the previous year. The median sales price for a single-family home settled at $1,100,000, a modest 1.3% decrease from November 2024. The condominium market felt a more pronounced impact, with the median price dropping 8% to $487,450. This shift in the condo median was largely driven by a 22.4% decrease in sales of units priced above $500,000, while activity remained brisk for more affordable units in the $100,000 to $400,000 range.
Inventory levels and market velocity also reflected these changing conditions. While active inventory for single-family homes tightened by 3.3%, the supply of available condominiums rose by 11.5% to 2,284 units. Properties are taking slightly longer to sell, with single-family homes averaging 27 days on the market and condos reaching 40 days. Despite the slower pace, pending sales for both sectors showed an upward trend, suggesting that buyer demand is holding steady as we move toward the end of the year, particularly in regions like Central Oahu and Waipahu.
Reflecting on these market dynamics, Moe Matsuda, Vice President and Broker-in-Charge at Sachi Hawaii, notes that the current environment offers unique opportunities for both sides of the transaction. “While the increase in single-family home sales demonstrates a resilient appetite for Oahu real estate, the rising inventory in the condo market is providing buyers with much-needed leverage and selection,” said Matsuda. “As we transition into the new year, navigating these specific price pockets and inventory shifts will be the key to success for our clients.”
